Wells Fargo CIB

Question

What are overall thoughts on WF for Investment Banking.

I have a summer associate offer there and the team has done a great job selling growth in the division. CEO Scharf is a Jamie Dimon protege and from what he has said, there is definitely an emphasis to focus on IB as a catalyst for growth at the firm. They've also hired tons of MDs as of late which supports that want to grow the IB division.

What are overall thoughts??

forward_lateral · Accepted Answer

I work at WF and think you have a good point on the company emphasizing IB growth as seen through their insane office in Hudson Yards. Also the asset cap should get lifted within the next 3-5 years which will be huge for the stock. Downside is not as much M&A at other big shops but the culture is great. Far from a sweatshop. I work in a top group as an analyst and haven’t touched 80 hours. Usually around 50 sometimes less sometimes more. Comp is in line with street

stacks0623 · Answer

Yea Wells Fargo CIB is a lot of middle market. They have Regional Investment Bankers that cover a lot of these middle market clients. However, you will see them in large deals as well as evident by being top 10 in the league tables based on deal value.

Best coverage teams I heard are REGAL and Industrials. TMT seems to be a focus and bankers from the group were excited about what they were seeing.

stacks0623 · Answer

I work at WF and think you have a good point on the company emphasizing IB growth as seen through their insane office in Hudson Yards. Also the asset cap should get lifted within the next 3-5 years which will be huge for the stock. Downside is not as much M&A at other big shops but the culture is great. Far from a sweatshop. I work in a top group as an analyst and haven't touched 80 hours. Usually around 50 sometimes less sometimes more.

GridironCEO · Answer

Lev Fin is amongs top in the street, DCM is very strong as well. Both of those two are in Charlotte. ECM is weak.

+200	Evercore > Goldman and I don’t think it’s particularly close anymore	76	17h
+160	Article: Why UBS's Asian M&A bankers are thriving and UBS's American M&A bankers are not	18	1d
+142	Think Twice before Recruiting for HOUSTON IB!!	65	7h
+74	I hate Wells Fargo	20	1d
+51	How cooked am I as an incoming WF IB SA 2027?	17	3d
+39	Mid-Level UBS Departure for another BB (Grass Isn’t Greener…)	31	1d
+39	Investment Banks Ranked By Your Divorced Blue Collared Uncle	2	5h
+31	IB RO Discussion	6	1d
+29	GS - Low Bonus	20	1d
+27	Did not get a return offer due to headcount, but happy to move on.	6	16h

1	redever	99.2
2	Secyh62	99.0
3	kanon	99.0
4	BankonBanking	99.0
5	DrApeman	98.9
6	CompBanker	98.9
7	dosk17	98.9
8	GameTheory	98.9
9	Betsy Massar	98.9
10	Mimbs	98.8

Elite Career Bootcamp. Top Job Offer Guaranteed.

Elite Career Bootcamp. Top Job Offer Guaranteed.

Wells Fargo CIB

Elite Career Bootcamp. Top Job Offer Guaranteed.

Elite Career Bootcamp. Top Job Offer Guaranteed.

Wells Fargo CIB

Trending Content - Investment Banking Forum