Analysis Of Wells Fargo & Company

Wells Fargo has one of the longest and storied histories of any of today’s companies. The company was established by Henry Wells and William G. Fargo, who also co-founded the American Express, and several other investors in 1852. The company was to provide express banking services in California, which caught their attention due to the economic boom of the gold rush. They offered many diverse services and continually merged or took over existing companies to become the leader in western transportation by the end of the 1860’s. They have continued to adapt and grow by demonstrating innovations like establishing the transcontinental Express line during the emergence of the railroads and identifying and branching out into other areas throughout the years.

Wells Fargo & Company was incorporated on the 24th of January, 1929 a bank holding company. Its main purpose is to serve as a holding company for its subsidiaries. It has three segments of operation: Community Banking, Wholesale Banking and Wealth, and Brokerage and Retirement. The Company provides all sort of banking services in the area of retail, commercial and corporate purposes through their numerous banking stores and offices, the worldwide web, and other channels to cater for the needs individuals, businesses and institutions. Their services are available in all the fifty states, the District of Columbia and in other countries. It operates in the Money Center Banking industry (SIC Code 6021). Companies in this industry provides

Currently Wells Fargo ranks as the No. 1 or 2 bank in 24 of the 39 states that it operates in. Wells Fargo is also the number 1 U.S. small business lender (in dollars, per 2014 Community Reinvestment Act government data). Wells also is the number lender to small businesses in dollars and units (2015 Small Business Administration federal fiscal year-end data).

Our paper today will be on Wells Fargo. Wells Fargo is an American bank that was created in 1852 by Henry Wells and James Fargo. It is the second largest bank in the USA in terms of market cap, operates in over 42 countries around the world, and has over 260,000 employees.

In 1852, Henry Wells and William Fargo founded Wells Fargo & Co. to serve the West during the American Gold Rush. There was a panic crisis where many business owners saw their doors closing in 1855. Following the survival of Wells Fargo, they were given two advantages. The first advantage being virtually no competition in California, and the second being Wells Fargo had already made a name for itself being reputable and dependable in their work. From 1855 to 1866 Wells Fargo saw exponential growth.

Wells Fargo & Company is an international company which deals with banking and financial services. Its headquarters is in Francisco, California and it Hub quarters throughout the country. In terms of market capitalization is the second largest bank in the United States. It is also the third largest banking company in United States in terms of assets.

It was founded in 1852. It is lined with a very impressive profile of $1.9 trillion in assets, 8,600 branches, and is 3rd largest U.S. retail brokerage firm (Wells Fargo, n.d.). The Chairman and CEO of Wells Fargo John Stumpf has his quote and vison of the company on their website, it states “Everything we do is built on trust. It doesn’t happen with one transaction, in one day on the job or in one quarter. It’s earned relationship by relationship”. I believe this shows how much Wells Fargo demands workers with great people skills and are able to create relationships with clients. Even though Wells Fargo is extremely large corporation, they still focus on staying local with their many branches and hiring employees that will be able to form good

Wells Fargo is a public trading company that was formed in the year 1852 by Henry Wells and William Fargo. The company transcended from a service that transported from a fright from the East Coast to mining camps throughout California during the California Gold Rush old rush in the 1800s (APA, Wells Fargo). At Wells Fargo’s inception it focused on offering banking solutions to the people of California with an established mission and principles that has enshrined in its culture and values that are geared towards the company vision that states “we want to satisfy our customers financial needs and help them succeed financially.” (APA – Wells Fargo VV)

Wells Fargo has been in business for more than 160 years, being one of only a dozen U.S. public companies still in its founding business under its founding name. Since the early 1990s, Wells has grown from a network of small Midwestern banks into a national company with a growing global presence (Stumpf, 2012). Wells is domestically well known for having thousands of products to offer and more than 80 businesses standing.

I really don’t have any clue, but I look online and i have found an article about Wells Fargo. Apparently Wells Fargo have set the vision for an organization. Wells Fargo vision is that they want to “satisfy all their customers’ financial needs, ect. Wells Fargo is the largest bank in the U.S. by market capitalization. It beat Bank of America and JP Morgan in last few years. Barron’s ranked it as the best financial services company in the world. Wells Fargo is the only “AAA” credit-rated bank in the United States. This is the highest possible rating from Moody’s.

Wells Fargo is high ranking in the banking industry. The company currently serves one in three American households, with headquarters located in San Francisco, California. Team members work in 42 countries, “serving 70 million customers in more than 130 countries around the world” With over 70 million customers, the company provides services through loans, banking, retirement plans, wealth management and insurance.

While it was founded in New York City, the headquarters are now located in San Francisco. The founders are Henry Wells and William G. Fargo, they also founded American Express. The president, CEO and chairman is John G. Stumpf. He has been President since August 2005, CEO since June 2007 and became chairman in January 2010. Wells Fargo is a public company focusing on consumer banking, corporate banking, finance and insurance, foreign currency exchange, loans, investments and many more. This bank is one of the four main banks in America and is very customer driven. The Wells Fargo slogan is “Together we’ll go far”. Talk about building up a relationship with your customer. Wells Fargo was named the world’s most valuable bank brand in

Knowledge management can be considered to be an essential strategic function in any organisation today. As the world becomes more globalised, and traditional structures of intermediation are removed whilst new ones are created, it is clear that knowledge, and consequently a learning organisation is one that is more likely to find unique sources of competitive advantage, and be able to develop sustainable competitive strategies in the long term. A number of different processes and sub-processes have been identified with knowledge management, such as knowledge generation, knowledge codification, and knowledge transfer or

The correct utilisation and management of knowledge has been cited as a key way of assisting firms in evolving in tandum with the ever changing environments they work within. However this manifestaiton of knowledge and skills is far more complecated then first envisaged. A huge amount of debate has arisen in terms of the direction and correct implementation of skills, learning, knowledge, and information on a practical level (Drucker; 1999). Although this debate has assisted in the creation of a number of managerial approaches and provided conceptual depth, there is still no thorough best practice framework for firms to operate with, with many gaps and conflicting

The ever increasing importance of knowledge in contemporary society calls for a shift in our thinking concerning innovation in business organisations – be it technical innovation, product or process innovation, or strategic or organizational innovation. It raises questions about how organizations process knowledge and, more importantly, how they create new knowledge. Innovation, which is a key form of organisational knowledge creation, cannot be explained sufficiently in terms of information processing or problem solving. Innovation can be better understood as a process in which the organisation creates and defines problems and then actively develops new knowledge to solve them (Nonaka 1994, p. 14). Davenport and Marchand suggest that: “whilst knowledge management does involve information management, beyond that it has two distinctive tasks: to facilitate the creation of new knowledge and to manage the way people share and apply it” (Davenport &