Wells Fargo

UPDATE: https://www.wallstreetoasis.com/forums/pls-fix-we… EDIT: https://www.efinancialcareers.com/news/2021/03/we… EDIT: S/O to @wallstreetintern and @litquidity for the features (link / pic below) This might seem old and repetitive, but yes, I want to complain too. Wells Fargo IB is not the...

25 Mar 2021

What are the top product groups, in regard to deal flow & exit opps at Wells Fargo. I would imagine anything balance sheet oriented such as Lev Fin. That being said, I am interested in M&A and cannot imagine it is a "weak" group. Please advise, specifically for the NYC/SF offices. 2. What are the...

01 Jul 2022

"What are the best groups in Wells Fargo's IBD in terms of deal flow, culture and exit opps? I know this has been posted here before but the information is pretty old and WF is growing fast so I assume much of it has changed. I'm also curious about the locations of each group for interns as I know...

20 Oct 2021

Want the SparkNotes? We got "banker speak" for nothing. But you don't need a SparkNotes because it was only a whole 30 seconds or so on an hour-long call. Senior Leadership on Junior Banker CIB-wide call: "We saw the materials and saw the forum" - nice, I would hope so. "We're exploring resources...

31 Mar 2021

I see everyone else posting this so I figured I'd throw this question out there. Based on the size of Wells Fargo's intern class, do you think they're likely to give out FT offers? We got an update saying we'd get an update in a few weeks but nothing since.

08 Apr 2020

The "prestigious" banks at the top of the league tables are discussed to death on this forum. Any updated thoughts on other banks? Culture, pay, deal flow, "underrated" status for some of the below firms for example? "MM" Stifel, Baird, RJ, Lincoln, Piper etc. Balance Sheet Wells, RBC, Truist, HSBC,...

13 Jul 2022

Wells Fargo SA 2020 applications opened up today for IBD so I just wanted to get a thread going to stay up to date with the process. Does anyone have an idea of what the timeline is looking like, and whether they're sticking with phone interviews or using hirevues? Good luck!

12 Jul 2019

Story from NYT Dealbreaker: Bonus Watch '19: Carnage At The Stagecoach [quote]It appears that bonuses are being handed out at Wells Fargo, and judging from our email inbox, America's least-trusted bank is now pretty widely hated by the people who still work there. According to one tipster, "Wells...

10 Mar 2019

As a former "investment banking" summer analyst at Wells Fargo Securities a couple years ago, I wanted to give all of y'all a heads up before you sign an offer. wells fargo investment banking overview The way that Wells did group placement was pretty ass back in my day (and I'm pretty sure they...

05 Aug 2017

Last month I applied to the Financial Analyst Program at WF (Commercial Capital - Retail Finance). Had my first interview Friday May 14 and 3 hours after my interview (that's the fastest follow up I've ever received) I received an email that the managers wanted me to go onto the final round. They...

02 Jun 2021

Hello! Has anybody started a discussion on this? I checked around WSO, but I have not yet seen anything so I am starting one myself :D Anyways... The deadline to apply was yesterday, so I am a little late on starting the discussion but have you guys applied? I am pretty excited about it, I heard...

12 Oct 2021

"https://www.wellsfargojobs.co m/applicationprocess-earlycareers" If you look at the above link, some of these internships have a range of dates listed; for example, the Wealth and Investment Management Intern Program has the dates October 7, 2020 - October 8, 2020. Is this the full application...

26 Sep 2020

I have a final interview with Wells Fargo for the 2022 Corporate Risk Summer Intern Program. How should I prepare and what kind of questions should I expect? Also, under the description it says Program Placement Verticals: Compliance Risk Commercial Banking CRO Consumer Lending CRO Consumer & Small...

24 Oct 2021

So I got an email today after interviewing with Wells Fargo last week. "Good afternoon, Thank you for taking the time to interview for the Wells Fargo CIB 2022 Summer Associate Program for Investment Banking. We appreciated the opportunity to speak with you and learn more about your background and...

23 Nov 2021

I am currently in the recruiting process for the full time Financial Analyst Program at Wells Fargo. I have completed my 1st round interview and am getting ready for my second round interview. The behavioral questions were not bad but I could use some tips on the technical questions. The 1 technical...

04 Oct 2020

Hey monkeys, Wells Fargo is starting to get used to apologizing. It was just disclosed that Wells Fargo & Co. has pushed thousands of car buyers into loan defaults and repossessions by charging them for unwanted insurance. Much of this is pointing to major failure in their "internal controls"....

02 Aug 2017

So, NYC got bombed this weekend and I'm surprised nobody has brought it up here. Then, the CEO from Wells Fargo gets grilled in Congress today and also nobody brings that up either. Feel free to discuss here.

20 Sep 2016

Would love to hear people's thoughts on the comparison between Wells Fargo IB (platform offer - all divisions and locations) vs. a small tech boutique (think USA/GCA/FTP in NY office) for SA position. Here's what's important to me: Learning experience & responsibility Potential to re-recruit for...

10 Sep 2020

A Wells Fargo employee sent an email to the CEO, John Stumpf, he also CC'd 200,000 other Wells Fargo employees on the email asking for a 10,000 raise for every employee. In the letter, he brought up the issue of income inequality. He pointed out that Stumpf took home $19 million in compensation for...

18 Oct 2014

What are your thoughts as of 2018? Read some reviews of STRH on here but seem to be a little outdated. Will be SA in coverage at STRH in a couple of weeks and was personally impressed by their team after networking with senior bankers, but have ties to Charlotte and am also considering WF for FT...

13 May 2018

We are excited to announce a new Paid, Commercial Real Estate Virtual Internship Opportunity with Project Destined in Fall 2021. Project Destined, founded by a former Carlyle Group executive, has partnered with 100+ leading real estate firms and 70+ universities around the country to provide diverse...

28 Aug 2021

What are the best groups at places like WF and Nomura? Will they ever build up their advisory business or is levfin still their bread and butter? I'm fairly curious to know how changes in the economic landscape will affect deal flow, as well as what analyst experiences are like compared to bb/eb/mm

06 Aug 2022

Lots of old, maybe outdated information on Wells Fargo S&T groups. Can anyone give updated info on which groups are in NYC and Charlotte. It seems like their IB division has started to move more and more to NY. Have they done the same for S&T? Whats the culture like and which groups are strong?

25 May 2020

Currently going through the placement process at Wells Fargo and curious what the top groups are. I found some old posts, but nothing recently. Which groups would you recommend? What are your thoughts on their sponsors group? I have read that it was good in the past but I imagine the conservative...

17 Jan 2020

I've gotten a number of PMs about analyst housing in uptown Charlotte, so I thought I'd consolidate my responses and post them publicly for everyone's reference. Hopefully this helps all you incoming BofA/WF analysts looking for places to live. I'm assuming if you want to live uptown, you also want...

10 Jan 2010

Just had this forwarded to me...apparently, some student felt that Wells Fargo was "creeping" his accounts and first sent them this: From: XXX Sent: Sunday, November 24, 2013 1:59 AM To: XXXX Subject: Not Interested Hi, Currently NOT interested in the Securities Analyst Program. Please stop creeping...

25 Nov 2013

So I transferred to my university (solid private but non target), from a big public school earlier this year, switching from Engineering to Finance + Math. My GPA is good, but I was having trouble landing internships probably due to lack of experience since I haven't worked or interned in finance at...

03 Mar 2021

Not that it is a secret to anyone here, but since 2008, banks have seemingly got a bad rep. Just go ahead and tell your extended family that you landed a job as a investment banker and prepare yourself for the church-eyed-glares that arise. But what about Wells Fargo? With more commercial bankers...

30 Jan 2012

What are the best groups in Wells Fargo's IBD in terms of deal flow, culture and exit opps? I know this has been posted here before but the information is pretty old and WF is growing fast so I assume much of it has changed. I'm also curious about the locations of each group for interns as I know...

29 Sep 2017

Even though Wells Fargo's number 10 in the league tables: http://markets.ft.com/investmentBanking/tablesAnd… I rarely hear anyone talking about them on WSO, I see more people talking about about Jeffries and Houlihan. Why isn't Wells Fargo considered bulge bracket? Especially when Wells Fargo is...

17 Apr 2012

We've got a big week for earnings this week, guys. Bank of America, Citigroup, Goldman Sachs, Morgan Stanley, and Wells Fargo all report this week. In fact, we're only a couple hours away from Citigroup's release and, the way the pre-open futures are backing off, it might not look very good....

18 Oct 2010

Hey has anyone heard back with an offer? Just finished up super day last week and am still waiting to hear. If you did receive an offer, how long after your super day did you get it? Thanks!

30 Oct 2018

Hey guys, I don't see much typically about WF but when I do it's never about Healthcare. Was wondering how is their HC group and are they growing, etc? Thanks.

15 Dec 2021

Hello WSO, I wanted to give back a little bit by talking about the recruiting process I went through and the interview questions I answered. First Round I got an interview via OCR. Spoke with one associate level person in the tech banking group. Questions were mainly behavioral. Asked about group...

28 Oct 2014

I liked to climb trees when I was a kid. My favorite method of monkeying around included wrapping my legs around a thick enough branch, letting go with my hands and hanging upside down like the true gorilla I am proud to be. Thinking about the simple, stupid joys of childhood ends with a sobering...

07 Aug 2010

For context: This is for a Summer Investment Banking Analyst position. Hey guys, I'm a bit of a predicament. I have an offer for Wells Fargo IBD SA, but the issue is the offer expires this week and I've asked them to push the deadline but they said they aren't willing to budge on the date. I have a...

23 Nov 2015

Since 2008, the media's scrutiny of the financial sector has intensified significantly. This has thrust many of the larger banks into the spotlight to address issues such as Libor manipulation (Barclays), whale sized trading losses (JPMorgan Chase), and irresponsible underwriting (Morgan Stanley)....

07 Aug 2012

I got a SA Sales and Trading offer from Wells Fargo for the New York office for summer 2019. I like the firm a lot but some of the other firms I've been looking at (BAML, JP, CS) haven't even opened applications for S&T yet. Any advice? The offer explodes soon

10 May 2018

I just got done with the phone interview, Incase anyone is wondering it was mostly behavioral (centered around team questions) and then was asked about the 3 financial statements and what they are used for, also was asked what other resources I would use when analyzing a company. But anyways they...

26 Sep 2018

Curious how recent regulatory action / scandal has affected deal flow and sentiment on the street for WFs IBD. Also curious which groups are best. Thanks.

13 Feb 2018

I got admitted into this Forum and not sure if any current WF employees have any insight on how likely placements are from this "Pipeline" event. I have two potential referrals for Wells Fargo, but after getting admitted into this Forum, they encourage me to put the Forum as my referral instead. Any...

10 Sep 2020

One of our favorite don't ask, don't tell topics in the finance world is the foreclosure mess. Call it Foreclosuregate , the Credit Crunch or the Housing Crisis it just will not go away. Simply put for greater econ minds than mine: When you base your wholesale economic growth on property being just...

12 Jan 2011

Hey Everyone, I had a first round interview with Wells Fargo back in August for their Summer Financial Analyst Program for Summer 2015. After 2 or 3 weeks I heard back that I moved on to their final step which is a superday in SF next month. I know the superday is going to be mostly technical...

08 Oct 2014

Moving to Charlotte. I just received an offer from one of the two large investment banks in Charlotte, NC and I was curious if anyone from the area had any advice on housing/ apartments. From what I've heard, you want to live within walking distance of work due to the long hours. My issue is all the...

06 Oct 2011

Hi guys, Just wanted to gauge opinions on the forum about junior year SA offers my friend is currently deciding between. One is Wells Fargo IB (either in Charlotte or NYC, location not secured yet) or JPM Asset Management (NYC). He long-term goal is to be an investor, and he's been in love with the...

10 Oct 2017

Hey all, So I've gotten offers from both. I do want to end up getting a FT IB offer, but obviously the Goldman name on the resume is a lot stronger than the Wells Fargo name... Opinions? I've got until Thursday to decide for both. Also, Wells is a platform offer, and GS is rotational. THANKS! Edit:...

15 Dec 2014

Hey all, I got an interview for a WF Corporate/Commercial banking summer analyst position. Would this be frowned open if I wanted to apply for Wells Fargo IB for FT after the summer? specifically in an industry group or maybe M&A advisory with WF? or is it going to give me a leg up? How about PFM...

18 Feb 2011

Hi! Trying to decide between a few offers. The 2 that I am in between are: Wells Fargo Financial Analyst Program (commercial bank) Base: 60k, Bonus 5k, Potential bonus 10-15% of salary Capgemini Consulting- staff consultant Base 66k, Bonus 4k, Relocation fee 3.5k I will graduate from a target school...

05 Nov 2019

Some days I feel like ranting about markets, some days I let other do my dirty work. Since I don't have the funds that Jim Rogers does, I can cash the ego bonus of him echoing my sentiments on a few key issues. The only bad thing about what is shaping up to be a beautiful day, is that I can't embed...

20 Oct 2010

Alright for those of us that are about to begin our final year (next week...gasp) in college and are working on recruitment for IB, I figured I'd make a thread so we can keep each other in the "know" as to who's recruiting when and what positions. This is for USA positions as well as UK. Also, for...

18 Aug 2010