Wells Fargo Opinion (HELP)
What's everyones take on Wells IB? They were in the Top 10 of league tables last year and is #7 this year (based on FactSet league tables).
They advised LifeStorage on a massive $12 B deal earlier this month and seem to be killing it especially in Real Estate. Would like any opinion on insight into WF IB
Bump
Historically Wells has been a shit-show but VERY recently they have managed to stabilize their platform and gain significant market share. Won't change the fact that they have been an easy target to clown on for the past 5 years. But in this market any job is a good one and Wells is a fine place to go. Don't listen to other prospects in IB and don't choose a job solely based on arbitrary rankings, at the end of the day, much of PE recruiting is group dependent anyway.
I agreee but what is the current mood towards WF? I looked through posts from 2009 and ppl clowned prospects for joining Moelis over some other firms. So I don't really care about the clowning
Is their a big focus on continuing to grow the IB platform and continuing to win market shares
You can see a very clear emphasis on them growing out their platform with a large number of high profile hires across many of their groups. They are clearly trying to shovel resources into their investment bank but it will be a year or two before we can see if it will work out.
I see, thank you. I’m trying to decide between Wells REGAL vs Citi chemicals.
I know Citi is more established but WF has the excitement of a growing platform and I would say the REGAL group is stronger than the chemicals group at Citi
bump
The platform's on a huge upswing and it seems like management is finally making the right moves. Quite a few strong senior folks from other banks have joined Wells over the last year and it seems like M&A has picked up quite a bit. Wells traditionally is known for solely being brought in for financing, but there seems to be a lot more M&A advisory.
Overall, it's a good place to be, especially if you are interested in a career in banking. With that said, some groups are definitely much stronger than others. Best groups are probably industrials, FIG, and REGAL.
Bump! Just trying to get all the information I can
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