Wells Fargo Overview
Wells Fargo provides customer, investment and business banking, charge cards, economic solutions, foreign change exchange, personal banking and equity, wide range administration and mortgages.
It really is considered among the “Big Four Banks, ” along side JPMorgan Chase, Bank of America and Citigroup. Wells Fargo is headquartered in bay area, as well as the most of the ongoing company is owned by institutional holdings. Berkshire Hathaway Inc. (Warren Buffett’s business) may be the number 1 owner of the stocks.
In 2014, it absolutely was known as since the No. 1 shopping mortgage lender and home loan servicer by Inside home loan Finance. That 12 months it absolutely was the biggest home loan originator and domestic home loan servicer in the nation. Last year, the mortgage was provided by it for just one in almost every four mortgage loans. Based on information through the Consumer Financial Protection Bureau, Wells Fargo’s total loan amount in 2015 ended up being a fantastic $140,140,955,000.