Wells Fargo Management
Management criteria checks 3/4
Wells Fargo's CEO is Charlie Scharf, appointed in Oct 2019, has a tenure of 5.25 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 $66.22M. The average tenure of the management team and the board of directors is 4.6 years and 13.4 years respectively.
Key information
Charlie Scharf
Chief executive officer
US$26.0m
Total compensation
| CEO salary percentage | 9.6% |
| CEO tenure | 5.3yrs |
| CEO ownership | 0.03% |
| Management average tenure | 4.6yrs |
| Board average tenure | 13.4yrs |
Recent management updates
Recent updates
Wells Fargo: Likely Fairly Valued (Rating Upgrade)
Jan 21Wells Fargo: More Good Earnings To Come
Jan 08Wells Fargo: Not Much Value For Long-Term Investors
Dec 24Wells Fargo Stock: Why It Could Continue Its Bull Run Once The Asset Cap Is Lifted
Nov 20Wells Fargo Q3 Earnings Preview: Stock Attractive As Interest Rates Fall
Oct 07Wells Fargo: A Stable Dividend Payer With Growth In Fees-Driven Segments
Oct 01Wells Fargo's New Enforcement Action Pushes Back The Asset Cap Lifting Timeline (Rating Downgrade)
Sep 19Wells Fargo: Too Much Uncertainty
Aug 29Wells Fargo (NYSE:WFC) Is Increasing Its Dividend To $0.40
Jul 31
Wells Fargo: Q2 Earnings Suggest NII Drops Are Bottoming (Rating Upgrade)
Jul 17Wells Fargo: Manageable Near-Term Risks And Meaningful Longer-Term Potential
Jul 01Wells Fargo: Adding Duration To My Portfolio With A 6.3% Yielding Preferred
Jun 22Is Now The Time To Put Wells Fargo (NYSE:WFC) On Your Watchlist?
Jun 10Wells Fargo Continues To Grow Despite Its Past
May 30Wells Fargo: Uneven Q1 Results Point To A Hold
May 21Here's Why Shareholders May Want To Be Cautious With Increasing Wells Fargo & Company's (NYSE:WFC) CEO Pay Packet
Apr 24Wells Fargo: Limited Upside In 2024
Apr 20Wells Fargo: Strong Q1 Earnings Will Lead To Further Outperformance
Apr 13Wells Fargo Stock: It Was A Nice Rally, But Some Risks Remain (Rating Downgrade)
Apr 05Wells Fargo's 6.2% Preferreds: An Oasis In The Desert
Mar 29CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2024 | n/a | n/a | US$19b |
| 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 US market ($USD12.51M).
Compensation vs Earnings: Charlie's compensation has been consistent with company performance over the past year.
CEO
Charlie Scharf (59 yo)
5.3yrs
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 | 5.3yrs | US$25.97m | 0.026% $ 66.2m | |
| Senior EVP & CFO | 4.3yrs | US$12.45m | 0.0094% $ 23.8m | |
| Senior EVP & COO | 5.1yrs | US$10.40m | 0.0075% $ 19.0m | |
| Senior EVP and Co-CEO of Corporate & Investment Banking | less than a year | US$14.62m | 0.011% $ 29.1m | |
| Senior EVP and CEO of Wealth & Investment Management | 4.6yrs | US$10.25m | 0.0025% $ 6.4m | |
| Senior EVP & Head of Technology | less than a year | no data | no data | |
| Chief Administrative Officer & Head of Global Operations | 4.6yrs | no data | no data | |
| Director of Investor Relations | no data | no data | no data | |
| Senior EVP & General Counsel | 4.8yrs | no data | 0.0042% $ 10.7m | |
| Senior EVP & Head of Human Resources | 3.3yrs | no data | 0.0013% $ 3.4m | |
| Senior Vice President | 17.1yrs | no data | no data | |
| Head of Public Affairs | less than a year | no data | no data |
4.6yrs
Average Tenure
56.5yo
Average Age
Experienced Management: WFC's management team is considered experienced (4.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.3yrs | US$25.97m | 0.026% $ 66.2m | |
| Independent Chairman | 4.8yrs | US$590.02k | 0% $ 0 | |
| Independent Director | 7.9yrs | US$390.02k | 0.00055% $ 1.4m | |
| Independent Director | 7yrs | US$400.02k | 0.0010% $ 2.6m | |
| Independent Director | 6yrs | 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 | 7yrs | US$410.02k | 0.00013% $ 329.6k |
13.4yrs
Average Tenure
64.5yo
Average Age
Experienced Board: WFC's board of directors are seasoned and experienced ( 13.4 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/21 22:31 |
| End of Day Share Price | 2025/01/21 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
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 |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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 60 analysts. 12 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 |
| Jason Goldberg | Barclays |