Wells Fargo & Company operates in the National commercial banks sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Wells Fargo & Company with three other
companies in this sector in UNITED STATES :
Bank of America Corporation
(2019
sales of $113.61 billion
of which 34%
was Consumer Banking),
JPMorgan Chase & Co.
($142.42 billion
of which 39%
was Consumer & Business Banking), and
Citigroup Inc.
($103.48 billion
of which 38%
was Institutional Clients Group).
Sales Analysis.
Wells Fargo & Company reported sales of $100.73 billion
for the
year ending
December of 2019.
This
represents
an
increase of 2.2%
versus 2018, when the company's sales were $98.59 billion.
Sales at Wells Fargo & Company have increased during each of the previous five years
(and since 2014, sales have increased a total of 15%).
Sales of Wealth and Investment Management saw an increase
that was more than double the company's growth rate: sales were up
5.8% in 2019, from
$16.38 billion to $17.34 billion.
Not all segments of Wells Fargo & Company experienced an increase in sales in 2019:
sales of Wholesale Banking fell 5.1% to $27.30 billion.
Wells Fargo & Company also experienced decreases in sales in
Community Banking (down 4.7% to $43.00 billion)
.