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The latest announcement is out from Wells Fargo ( (WFC) ).
On January 30, 2025, Wells Fargo announced the retirement of Jon Weiss, Co-CEO of Corporate & Investment Banking, effective June 1, 2025. Fernando Rivas, who joined the company in May 2024, will assume the role of sole CEO of Corporate & Investment Banking immediately. This leadership transition highlights Weiss’s significant contributions, including a 40% increase in net income and a 35% rise in revenue since he began leading CIB in 2020, positioning the business for future growth. The change is poised to further strengthen Wells Fargo’s position within the financial services industry.
More about Wells Fargo
Wells Fargo & Company is a leading financial services firm with approximately $1.9 trillion in assets. The company offers a diverse range of banking, investment, and mortgage products and services through its four main segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Known for its focus on social impact, Wells Fargo emphasizes housing affordability, small business growth, financial health, and sustainability.
YTD Price Performance: 11.65%
Average Trading Volume: 16,555,822
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $256.1B
Learn more about WFC stock on TipRanks’ Stock Analysis page.
