Wells Fargo Overview
Wells Fargo provides customer, investment and business banking, charge cards, economic services, foreign trade exchange, personal banking and equity, wide range administration and mortgages.
Its considered among the “Big Four Banks, ” along side JPMorgan Chase, Bank of America and Citigroup. Wells Fargo is headquartered in san francisco bay area, while the almost all the ongoing business is owned by institutional holdings. Berkshire Hathaway Inc. (Warren Buffett’s company) could be the number 1 owner of these stocks.
In 2014, it had been known as while the No. 1 shopping mortgage lender and home loan servicer by Inside home loan Finance. That 12 months it absolutely was the mortgage originator that is largest and domestic home loan servicer in the nation. Last year, it offered the home loan for example in just about every four mortgage loans. In accordance with data through the customer Financial Protection Bureau, Wells Fargo’s total loan amount in 2015 had been a fantastic $140,140,955,000.