San Francisco-headquartered Wells Fargo & Company (WFC), founded in 1852, is a diversified financial service holding company with a market cap of $215.8 billion. It operates in four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management, offering various financial services like lending, banking, capital markets, wealth management, and advisory services in the U.S. and internationally.
Shares of the financial services company have outperformed the broader market over the last year. WFC has gained 61.7% over this time frame, while the broader S&P 500 Index ($SPX) has rallied nearly 26.2%. Also, in 2024, Wells Fargo stock rose 25.7%, surpassing SPX's 9.5% rise on a YTD basis.
