Wells Fargo Management
Management criteria checks 3/4
Wells Fargo's CEO is Charlie Scharf, appointed in Oct 2019, has a tenure of 5.08 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 CHF52.68M. The average tenure of the management team and the board of directors is 4.4 years and 13.2 years respectively.
Key information
Charlie Scharf
Chief executive officer
US$26.0m
Total compensation
| CEO salary percentage | 9.6% |
| CEO tenure | 5.1yrs |
| CEO ownership | 0.03% |
| Management average tenure | 4.4yrs |
| Board average tenure | 13.2yrs |
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 Swiss market ($USD4.66M).
Compensation vs Earnings: Charlie's compensation has been consistent with company performance over the past year.
CEO
Charlie Scharf (59 yo)
5.1yrs
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 | 5.1yrs | US$25.97m | 0.026% CHF 52.7m | |
| Senior EVP & CFO | 4.1yrs | US$12.45m | 0.0093% CHF 19.0m | |
| Senior EVP & COO | 4.9yrs | US$10.40m | 0.0074% CHF 15.1m | |
| Senior EVP and Co-CEO of Corporate & Investment Banking | less than a year | US$14.62m | 0.011% CHF 23.1m | |
| Senior EVP and CEO of Wealth & Investment Management | 4.4yrs | US$10.25m | 0.0025% CHF 5.1m | |
| Senior EVP & Head of Technology | less than a year | no data | no data | |
| Chief Administrative Officer & Head of Global Operations | 4.4yrs | no data | no data | |
| Director of Investor Relations | no data | no data | no data | |
| Senior EVP & General Counsel | 4.7yrs | no data | 0.0042% CHF 8.5m | |
| Chief Communications & Brand Officer | 2.2yrs | no data | no data | |
| Senior EVP & Head of Human Resources | 3.1yrs | no data | 0.0013% CHF 2.7m | |
| Senior Vice President | 16.9yrs | no data | no data |
4.4yrs
Average Tenure
56.5yo
Average Age
Experienced Management: WFC's management team is considered experienced (4.4 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.1yrs | US$25.97m | 0.026% CHF 52.7m | |
| Independent Chairman | 4.6yrs | US$590.02k | 0% CHF 0 | |
| Independent Director | 7.8yrs | US$390.02k | 0.00054% CHF 1.1m | |
| Independent Director | 6.8yrs | US$400.02k | 0.0010% CHF 2.0m | |
| Independent Director | 5.8yrs | US$365.02k | 0% CHF 0 | |
| Member of Environmental Advisory Board | 18.7yrs | no data | no data | |
| Member of Environmental Advisory Board | 18.7yrs | no data | no data | |
| Member of Environmental Advisory Board | 18.7yrs | no data | no data | |
| Member of Environmental Advisory Board | 18.7yrs | no data | no data | |
| Member of Environmental Advisory Board | 18.7yrs | no data | no data | |
| Member of Environmental Advisory Board | 18.7yrs | no data | no data | |
| Independent Director | 6.8yrs | US$410.02k | 0.00013% CHF 265.4k |
13.2yrs
Average Tenure
64.5yo
Average Age
Experienced Board: WFC's board of directors are seasoned and experienced ( 13.2 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/11/10 00:26 |
| End of Day Share Price | 2024/08/13 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 |
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| 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 |