Company is an American multinational financial services company headquartered in San Francisco, California, with central offices throughout the country. The firm’s primary operating subsidiary is national bank Wells Fargo Bank, N. In February 2014, Wells Fargo was named the world’s most valuable bank brand for the second wells fargo investment banking year in The Banker and Brand Finance study of the top 500 banking brands. Wells Fargo delineates three different business segments when reporting results: Community Banking, Wholesale Banking, and Wealth, Brokerage and Retirement.
Wells Fargo also has around 2,000 stand-alone mortgage branches throughout the country. As of Q3 2011, Wells Fargo Home Mortgage was the largest retail mortgage lender in the United States, originating one out of every four home loans. 8 trillion in home mortgages, the second largest servicing portfolio in the U. Wells Fargo private student loans are available to students to pay for college expenses, such as tuition, books, computers, or housing. Its wholesale banking segment contains products sold to large- and middle-market commercial companies, as well as to consumers on a wholesale basis.
Wells Fargo has various divisions that finance and lease equipment to different types of companies. One venture is Wells Fargo Rail, which in 2015 completed the purchase of GE Capital Rail Services and merged in with First Union Rail. Wells Fargo Advisors headquarters in St. Mutual funds are offered under the Wells Fargo Advantage Funds brand name.
The company also serves high-net-worth individuals through its private bank and family wealth group. Wells Fargo Advisors is the brokerage subsidiary of Wells Fargo, located in St. 1 trillion retail client assets under management. Wells Fargo Advisors was known as Wachovia Securities until May 1, 2009, when it legally changed names following the Wells Fargo’s acquisition of Wachovia Corporation. 4 billion per year in investment banking revenue.