Wells Fargo Overview
Wells Fargo provides customer, investment and business banking, bank cards, monetary solutions, foreign exchange exchange, personal banking and equity, wide range administration and mortgages.
It really is considered among the “Big Four Banks, ” along side JPMorgan Chase, Bank of America and Citigroup. Wells Fargo is headquartered in san francisco bay area, as well as the greater part of the business is owned by institutional holdings. Berkshire Hathaway Inc. (Warren Buffett’s business) could be the No. 1 owner of the stocks.
In 2014, it absolutely was known as whilst the No. 1 shopping mortgage lender and home loan servicer by Inside home loan Finance. That 12 months it had been the largest home loan originator and domestic home loan servicer in the united states. Last year, it provided the home loan for just one in almost every four mortgages. In accordance with information through the customer Financial Protection Bureau, Wells Fargo’s total loan amount in 2015 ended up being a fantastic $140,140,955,000.