Wells Fargo Reports Fourth Quarter 2020 Financial Results

Rhea-AI Summary

Wells Fargo released its fourth quarter 2020 financial results on January 15, 2021. The company reported approximately $1.9 trillion in assets, serving around one in three U.S. households. They focus on diverse banking and financial services through four segments: Consumer Banking, Commercial Banking, Corporate and Investment Banking, and Wealth Management. Additionally, Wells Fargo emphasizes its commitment to social impact, supporting housing affordability and small business growth.

Positive

• Reported approximately $1.9 trillion in assets.
• Serves one in three U.S. households.
• Diverse services across four operating segments.

Negative

• None.

Wells Fargo & Company (NYSE: WFC) has released its fourth quarter 2020 financial results. The financial results are available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/ and on a Form 8-K filed by the Company with the Securities and Exchange Commission (SEC) on January 15, 2021 and available on the SEC’s website at www.sec.gov.

Conference Call

The Company will host a live conference call on Friday, January 15, at 10 a.m. ET. You may listen to the call by dialing 866-872-5161 (U.S. and Canada) or 440-424-4922 (International). The call will also be available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/ and https://engage.vevent.com/rt/wells_fargo_ao/index.jsp?seid=527.

A replay of the conference call will be available beginning at approximately 2 p.m. ET on January 15 through Friday, January 29. Please dial 855-859-2056 (U.S. and Canada) or 404-537-3406 (International) and enter Conference ID: 6849835. The replay will also be available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/ and https://engage.vevent.com/rt/wells_fargo_ao/index.jsp?seid=527.

About Wells Fargo

Wells Fargo & Company is a leading financial services company that has approximately $1.9 trillion in assets and proudly serves one in three U.S. households and more than 10% of all middle market companies 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 and Investment Management. Wells Fargo ranked No. 30 on Fortune’s 2020 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.

News Release Category: WF-CF

View source version on businesswire.com: https://www.businesswire.com/news/home/20210115005291/en/

FAQ

What were Wells Fargo's fourth quarter 2020 results?

Wells Fargo reported its fourth quarter 2020 financial results on January 15, 2021, highlighting approximately $1.9 trillion in assets.

How many U.S. households does Wells Fargo serve?

Wells Fargo serves around one in three U.S. households.

What are the key segments of Wells Fargo's business?

Wells Fargo operates through four segments: Consumer Banking, Commercial Banking, Corporate and Investment Banking, and Wealth Management.

When will Wells Fargo host its conference call?

Wells Fargo will host a live conference call on January 15, 2021, at 10 a.m. ET.