Wells Fargo : Building Lifelong Relationships That Satisfy Our Customers ' Financial Needs Essay

762 WordsOct 16, 20164 Pages
Wells Fargo Mission Focused on building lifelong relationships that satisfy our customers ' financial needs, Community Banking is one great team that "out-locals the nationals, out-nationals the locals" striving to earn our customers ' business and deliver a world-class, seamless Omni-channel experience every day with high performance accountability and balanced results. (Wells Fargo Intranet 2016) Wells Fargo Finance Wells Fargo generated $86.1 billion in revenue in 2015, up 2 percent from 2014. Wells Fargo’s total 2015 net income was $22.9 billion, their earnings per share was $4.12 represented a $0.02 increase from 2014. Total deposits reached a record $1.2 trillion, up 5 percent from the prior year, driven by both consumer and commercial growth. Total loans finished 2015 at $916.6 billion, up 6 percent from 2014, making their loan portfolio the largest among U.S. banks. (wellsfargomedia.com 2016) 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). Wells Fargo Operations Wells Fargo ranks first in the nation with the most retail banking stores in the U.S. Its retail banking division serves customers through more than 6,000 retail banking stores, 13,000 ATMs

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