Wells Fargo Management
Management criteria checks 3/4
Wells Fargo's CEO is Charlie Scharf, appointed in Oct 2019, has a tenure of 5.17 years. total yearly compensation is $25.97M, comprised of 9.6% salary and 90.4% bonuses, including company stock and options. directly owns 0.026% of the company’s shares, worth $61.64M. The average tenure of the management team and the board of directors is 4.5 years and 13.3 years respectively.
Key information
Charlie Scharf
Chief executive officer
US$26.0m
Total compensation
| CEO salary percentage | 9.6% |
| CEO tenure | 5.2yrs |
| CEO ownership | 0.03% |
| Management average tenure | 4.5yrs |
| Board average tenure | 13.3yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$17b |
| Jun 30 2024 | n/a | n/a | US$18b |
| Mar 31 2024 | n/a | n/a | US$18b |
| Dec 31 2023 | US$26m | US$3m | US$18b |
| Sep 30 2023 | n/a | n/a | US$18b |
| Jun 30 2023 | n/a | n/a | US$16b |
| Mar 31 2023 | n/a | n/a | US$14b |
| Dec 31 2022 | US$25m | US$3m | US$13b |
| Sep 30 2022 | n/a | n/a | US$15b |
| Jun 30 2022 | n/a | n/a | US$17b |
| Mar 31 2022 | n/a | n/a | US$20b |
| Dec 31 2021 | US$21m | US$3m | US$21b |
| Sep 30 2021 | n/a | n/a | US$18b |
| Jun 30 2021 | n/a | n/a | US$16b |
| Mar 31 2021 | n/a | n/a | US$6b |
| Dec 31 2020 | US$20m | US$3m | US$2b |
| Sep 30 2020 | n/a | n/a | US$2b |
| Jun 30 2020 | n/a | n/a | US$3b |
| Mar 31 2020 | n/a | n/a | US$13b |
| Dec 31 2019 | US$36m | US$498k | US$18b |
Compensation vs Market: Charlie's total compensation ($USD25.97M) is above average for companies of similar size in the AR market ($USD5.72M).
Compensation vs Earnings: Charlie's compensation has been consistent with company performance over the past year.
CEO
Charlie Scharf (59 yo)
5.2yrs
Tenure
US$25,966,198
Compensation
Mr. Charles W. Scharf, also known as Charlie, has been the Chief Executive Officer, President and Director of Wells Fargo & Company since October 21, 2019. Mr. Scharf serves as Director of Visa Internation...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.2yrs | US$25.97m | 0.026% $ 61.6m | |
| Senior EVP & CFO | 4.2yrs | US$12.45m | 0.0093% $ 22.2m | |
| Senior EVP & COO | 5yrs | US$10.40m | 0.0074% $ 17.7m | |
| Senior EVP and Co-CEO of Corporate & Investment Banking | less than a year | US$14.62m | 0.011% $ 27.1m | |
| Senior EVP and CEO of Wealth & Investment Management | 4.5yrs | US$10.25m | 0.0025% $ 6.0m | |
| Senior EVP & Head of Technology | less than a year | no data | no data | |
| Chief Administrative Officer & Head of Global Operations | 4.5yrs | no data | no data | |
| Director of Investor Relations | no data | no data | no data | |
| Senior EVP & General Counsel | 4.8yrs | no data | 0.0042% $ 10.0m | |
| Chief Communications & Brand Officer | 2.3yrs | no data | no data | |
| Senior EVP & Head of Human Resources | 3.2yrs | no data | 0.0013% $ 3.2m | |
| Senior Vice President | 17yrs | no data | no data |
4.5yrs
Average Tenure
56.5yo
Average Age
Experienced Management: WFCD's management team is considered experienced (4.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.2yrs | US$25.97m | 0.026% $ 61.6m | |
| Independent Chairman | 4.7yrs | US$590.02k | 0% $ 0 | |
| Independent Director | 7.8yrs | US$390.02k | 0.00054% $ 1.3m | |
| Independent Director | 6.9yrs | US$400.02k | 0.0010% $ 2.4m | |
| Independent Director | 5.9yrs | US$365.02k | 0% $ 0 | |
| Member of Environmental Advisory Board | 18.8yrs | no data | no data | |
| Member of Environmental Advisory Board | 18.8yrs | no data | no data | |
| Member of Environmental Advisory Board | 18.8yrs | no data | no data | |
| Member of Environmental Advisory Board | 18.8yrs | no data | no data | |
| Member of Environmental Advisory Board | 18.8yrs | no data | no data | |
| Member of Environmental Advisory Board | 18.8yrs | no data | no data | |
| Independent Director | 6.9yrs | US$410.02k | 0.00013% $ 310.6k |
13.3yrs
Average Tenure
64.5yo
Average Age
Experienced Board: WFCD's board of directors are seasoned and experienced ( 13.3 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/27 21:31 |
| End of Day Share Price | 2024/12/27 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Wells Fargo & Company is covered by 64 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Stephen Biggar | Argus Research Company |
| David George | Baird |
| Ishan Majumdar | Baptista Research |