Wells Fargo Financial Analyst Interview Questions, Process, and Tips

Verbal,logical reasoning,quantitative

Q1. Differemce between wholesale and retail banking
Ans. 
Wholesale banking deals with large institutions and corporate clients, while retail banking focuses on individual customers.
• Wholesale banking involves providing services to large businesses, institutions, and government agencies.

• Retail banking focuses on providing services to individual customers, such as personal loans, mortgages, and savings accounts.

• Wholesale banking typically involves higher transaction volumes and...read more
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Q2. Golden rules of accounting
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Golden rules of accounting are basic principles that guide the process of recording financial transactions.
• There are three golden rules of accounting: Debit what comes in, Credit what goes out; Debit the receiver, Credit the giver; Debit expenses and losses, Credit income and gains.

• These rules help ensure that financial transactions are accurately recorded and classified in the accounting system.

• For example, when a com...read more
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Q1. Why should we hire you
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Q2. What are your strengths
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Q1. How do you handle escalations?
Ans. 
I handle escalations by remaining calm, listening actively, identifying the root cause, proposing solutions, and following up to ensure resolution.
• Remain calm and composed when dealing with escalated situations

• Listen actively to understand the concerns and perspectives of all parties involved

• Identify the root cause of the escalation to address the underlying issue

• Propose solutions or alternatives to resolve the escalat...read more
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Q2. How important is this job to you?
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Q1. Whats is Cash flow?
Ans. 
Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business.
• Cash flow is a key indicator of a company's financial health and performance.

• It shows how much cash is generated or spent over a specific period of time.

• Positive cash flow indicates that a company is generating more cash than it is spending, while negative cash flow indicates the opposite.

• Cash flow can be categorized i...read more
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Q2. Golden rules of accounting
Ans. 
Golden rules of accounting are basic principles that guide the process of recording financial transactions.
• There are three golden rules of accounting: Debit the receiver, Credit the giver; Debit what comes in, Credit what goes out; Debit expenses and losses, Credit income and gains.

• These rules help ensure that financial transactions are accurately recorded and balanced.

• For example, when a company receives cash from a c...read more
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Q3. What is Balance sheet
Ans. 
Balance sheet is a financial statement that shows a company's assets, liabilities, and shareholders' equity at a specific point in time.
• It provides a snapshot of a company's financial position.

• Assets are what the company owns, liabilities are what it owes, and shareholders' equity is the difference between the two.

• The balance sheet follows the accounting equation: Assets = Liabilities + Shareholders' Equity.

• It helps in...read more
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Q1. What are types of inventory valuation
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Types of inventory valuation include FIFO, LIFO, weighted average, and specific identification.
• FIFO (First In, First Out) - assumes that the oldest inventory items are sold first

• LIFO (Last In, First Out) - assumes that the newest inventory items are sold first

• Weighted Average - calculates the average cost of inventory items based on their weights

• Specific Identification - assigns the actual cost of each inventory item t
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