Mission , vision, core values MISSION STATEMENT is “ helping customers succeed financially .” The precision of this statement shows how certain and clear the company is when it comes to its mandate and priority in the sector. The emphasis in this statement is on what the customers, and what they stand to gain from the company. The following are the components that emerge from this mission statement : VISION STATEMENT is “ to satisfy our customers’ financial needs and help them succeed financially. ” The company echoes what is contained in its mission statement and adds a sense of leadership in this mission statement. The following components relate to this statement by Wells Fargo: CORE VALUES include “ what’s right for customers, people as a competitive advantage, ethics, diversity and inclusion, leadership .” These values reveal what the company considers crucial for the overall success of its operations.
1852: Henry wells and William G. fargo founded “ wells fargo ” the main aim is to provide express and banking servies to California 1905: Wells Fargo separated its banking and express operations Wells Fargo's bank was merged with the Nevada National Bank to form the Wells Fargo Nevada 1918: As a wartime measure, the US Federal Government nationalized Wells Fargo's express franchise into a federal agency known as the US Railway Express Agency . The US Federal Government took control of the express company. 2000: Wells Fargo Bank acquired National Bank of Alaska 2008: Wells Fargo acquired United Bancorporation of Wyoming .[ 2012: Wells Fargo acquired stake in The Rock Creek Group L history
Wells fargo operations/services Community banking Consumer lending Student loans Equipment lending Wealth and investment management Asset Management Operations/services
Adavantages with wells fargo To customers: Cross-selling International operations Giving customers more ways to pay Fast processing almost anywhere Secure payment Processing personal, local service To employes : Benefit pacakage Health benefits Well being Paid time off 401(K) plan Discounts & savings Educatioms benefits etc.. ADVANTAGES
Competitors of wells fargo JPMorgan Chase , Bank of America Citigroup
Industry Banking Financial services Insurance Type Public Founded 1852 (168 years ago) in Des Moines , U.S. Founders Henry Wells William Fargo Headquarters San Francisco , California , U.S. New York , NY Number of locations 8,050 branches (2018) 13,000 ATMs (2018) Area served Worldwide Number of employees 258,700 (2019) Subsidiaries Wells Fargo Advisors Wells Fargo Bank, N.A. Wells Fargo Rail Wells Fargo Securities Key people Elizabeth Duke ( Chair ) Charles Scharf ( President & CEO ) John R. Shrewsberry ( CFO ) C. Allen Parker ( General counsel ) Key points