Wells Fargo & Co
WFCCompany Overview
Wells Fargo & Co. is a diversified, community-based financial services company. It is engaged in the provision of banking, insurance, investments, mortgage products and services, and consumer and commercial finance. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. The Consumer Banking and Lending segment offers consumer and small business banking, home lending, credit cards, auto, and personal lending. The Commercial Banking segment offers banking and credit products across multiple industry sectors and municipalities, secured lending and lease products, and treasury management. The Corporate and Investment Banking segment offers corporate banking, investment banking, treasury management, commercial real estate lending and servicing, equity and fixed income solutions, as well as sales, trading, and research capabilities. The Wealth & Investment Management segment provides personalized wealth management, brokerage, financial planning, lending, private banking, trust and fiduciary products and services to affluent, high-net worth and ultra-high-net worth clients. The company was founded by Henry Wells and William G. Fargo on March 18, 1852 and is headquartered in San Francisco, CA.
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
This stock does not meet all Shariah compliance criteria according to AAOIFI standards.
| Name | Wells Fargo & Co |
| Ticker | WFC |
| Main Business | Banks - Diversified |
| Type | Common Stock |
| Industry | Banks - Diversified |
| Country | US |
| Market Cap | $163.90 B |
Shariah Analysis Breakdown
| Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
|---|---|---|---|
| Consumer Banking and Lending | $35,810.0 | $35,810.0 | BankingLending |
| Corporate and Investment Banking | $15,240.0 | $15,240.0 | InvestmentBanking |
| Wealth and Investment Management | $14,820.0 | $14,820.0 | Investment |
| Commercial Banking | $10,920.0 | $10,920.0 | Banking |
| Corporate | $-998.0 | $0.0 | - |
| Reconciling Items | $-2,010.0 | $0.0 | - |
| Interest income | $0.0 | $0.0 | - |
| Total | $73,782.0 | $76,790.0 | 51.00% (failed) |
| Liability Item | Value ($M) | % of Market Cap |
|---|---|---|
| long term debt and capital lease obligation non current | $207,590,000,000.0 | 126.65% |
| derivative product liabilities non current | $18,500,000,000.0 | 11.29% |
| current debt and capital lease obligation current | $11,880,000,000.0 | 7.25% |
| Total Interest-Bearing Debt | $237,970,000,000.0 | 145.19% |
| Market Capitalization | $163,902,600,000.0 | 100.00% |
| Compliance Status | Threshold: 33% | failed |