Wells Fargo
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About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets, proudly serves one in three U.S. households and more than 10% of small businesses in the U.S., and is a leading middle market banking provider in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management.
Wells Fargo ranked No. 41 on Fortune’s 2022 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health and a low-carbon economy.
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Change Company | Change Company | Change Company | ||
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Overall Rating | 3.9/5 based on 6k reviews | 4.0/5 based on 4.5k reviews | 3.9/5 based on 1.5k reviews | 3.8/5 based on 4.3k reviews |
Highly Rated for | Work-Life balance Job Security Company culture | Job Security Work-Life balance Company culture | Salary & Benefits Job Security | Job Security |
Critically Rated for | Promotion/Appraisals | Promotion/Appraisals | Promotion/Appraisals | Promotion/Appraisals |
Primary Work Policy | Hybrid 84% employees reported | Hybrid 86% employees reported | Hybrid 70% employees reported | Hybrid 69% employees reported |
Rating by Women Employees | 4.0 Good rated by 1.9k women | 3.9 Good rated by 1.4k women | 3.9 Good rated by 512 women | 3.8 Good rated by 1.3k women |
Rating by Men Employees | 3.9 Good rated by 3.9k men | 4.0 Good rated by 2.7k men | 3.9 Good rated by 933 men | 3.8 Good rated by 2.8k men |
Job Security | 4.0 Good | 4.1 Good | 3.8 Good | 3.8 Good |
Wells Fargo Salaries
Senior Software Engineer
Financial Analyst
Software Engineer
Senior Financial Analyst
Assistant Vice President
Lead Software Engineer
Associate Financial Analyst
Senior Analyst
Technology Specialist
Operations Processor
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Best Wells Fargo Business Credit Cards Of January 2025
- Wells Fargo offers one business card, the Signify Business Cash℠ Card by Wells Fargo.
- It's a strong option for companies that want a flexible card with a simple rewards structure.
- Business owners can benefit from getting a business credit card to pay for goods and services and gain financial flexibility.
- If you already have business accounts or loans at Wells Fargo, it may be worth considering their business credit card.
Why the stunning rally in stocks this year could be followed by a 'hangover,' according to Wells Fargo
- The post-election rally in stocks could lead to a near-term 'hangover', with a potential 7% drop in the S&P 500, according to Wells Fargo.
- Wells Fargo pointed out the disconnect between the equity market and the economy, with stocks rallying despite lukewarm economic data.
- Technical signals suggest stocks are close to 'overbought territory', indicating caution for investors.
- While Wells Fargo remains bullish on stocks in the long term, other forecasters predict potential stock market drawdowns given the market's rapid climb.
Zelle payment fraud gets major banks sued by the CFPB
- The Consumer Financial Protection Bureau (CFPB) has sued Zelle, Early Warning Services (the company behind Zelle), JPMorgan Chase, Bank of America, and Wells Fargo.
- The CFPB claims customers of these banks lost over $870 million due to Zelle's lack of consumer safeguards.
- The banks and Zelle have defended themselves, with Early Warning Services calling the lawsuit "meritless" and JPMorgan Chase criticizing the CFPB's political agenda.
- The Senate report revealed that banks reimbursed only 38% of fraud claims on Zelle, often citing that customers were scammed into making authorized payments.
US consumer watchdog sues banks over alleged ‘widespread’ fraud on Zelle
- The US Consumer Financial Protection Bureau has filed a lawsuit against JPMorgan Chase, Bank of America, and Wells Fargo for alleged 'widespread fraud' on the Zelle payments platform.
- The CFPB aims to stop unlawful practices, obtain redress and penalties, and secure relief for consumers.
- Customers of the three banks have lost over $870m in the seven years since Zelle was introduced.
- The banks face allegations of insufficient fraud protection and denial of assistance to fraud victims.
CFPB Sues Zelle and 3 Owner Banks, Alleging Insufficient Safeguards
- The Consumer Financial Protection Bureau sued Zelle operator Early Warning Services and three owner banks — Bank of America, J.P. Morgan Chase, and Wells Fargo — for alleged insufficient safeguards against fraud on the peer-to-peer payment network.
- The agency's complaint accuses the defendants of violating consumer financial protection laws by failing to implement safeguards and denying assistance to consumers who filed fraud complaints.
- The lawsuit also alleges that the three banks failed to properly investigate complaints or reimburse consumers for fraud and errors.
- Zelle spokesperson stated that the CFPB's complaint is flawed and that Zelle has industry-leading reimbursement policies, while the CFPB's lawsuit will incentivize false claims against banks and credit unions.
Software startup ServiceTitan valued at $8.97 billion as shares jump 42% in Nasdaq debut
- Shares of ServiceTitan rose about 42% in their US market debut, giving the company a valuation of $8.97 billion.
- The company's shares opened at $101 apiece in their Nasdaq debut, compared to the IPO price of $71.
- ServiceTitan joins other venture capital-backed firms that have gone public this year, including Reddit and Rubrik.
- Goldman Sachs, Morgan Stanley, Wells Fargo, and Citigroup led the underwriting syndicate for the IPO.
Wells Fargo CEO More Confident in Bank’s Compliance Controls
- Wells Fargo CEO, Charlie Scharf, expresses confidence in the bank's compliance controls.
- The bank has detailed plans in place for regulatory deliverables and tracks progress weekly.
- Wells Fargo is working to remove a $1.95 trillion asset cap imposed as a result of the fake account scandal.
- Scharf expects the incoming Trump administration to strengthen the U.S. economy.
Why the Fed Will Cut Rates After November's Job Report
- The Federal Reserve might cut interest rates after November's job report.
- Job growth rebounded from previous disruptions, but the unemployment rate rose to 4.1%.
- Strong consumer disposable income and wage growth are driving the economy.
- Market expectations indicate an 85% chance of a rate cut at the upcoming Fed meeting.
Wells Fargo Selling San Francisco HQ in Eastward Expansion
- Wells Fargo is selling its San Francisco headquarters as part of its move away from the city.
- The bank has already had informal conversations with potential buyers.
- Most of Wells Fargo's top executives are based in New York or Charlotte, NC.
- Wells Fargo has roughly 23,000 employees in California, accounting for 10% of its workforce.
Atlanta Falcons Team Up With HBCUs To Offer Pipeline To Sports And Entertainment Jobs
- The Atlanta Falcons continue their collaboration with HBCUs for the AMB Sports and Entertainment Fellowship.
- The fellowship program provides opportunities for students to pursue careers in sports and entertainment.
- The program has expanded from 12 fellows to 15 fellows and covers a wider range of departments.
- Wells Fargo has joined the initiative to offer fellowships to HBCU students in the Atlanta area.
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