In 2023, about ** percent of Wells Fargo's U.S.-based employees identified as white, making it the largest ethnic group at the major American bank. Hispanic or Latino employees made up ** percent, while approximately ** percent identified as Black or African American. Asians accounted for around ** percent of the workforce.

When it comes to share of people using Wells Fargo as their primary bank in the United States, * percent of 18 - 29 year olds do so in the U.S. This is according to exclusive insights from the Consumer Insights Global survey which shows that * percent of 30 - 49 year old consumers also fall into this category.Statista Consumer Insights offer you all results of our exclusive Statista surveys, based on more than ********* interviews.

Wells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. It operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management. The Consumer Banking and Lending segment offers diversified financial products and services for consumers and small businesses. Its financial products and services include checking and savings accounts, and credit and debit cards, as well as home, auto, personal, and small business lending services. The Commercial Banking segment provides financial solutions to private, family owned, and certain public companies. Its products and services include banking and credit products across various industry sectors and municipalities, secured lending and lease products, and treasury management services. The Corporate and Investment Banking segment offers a suite of capital markets, banking, and financial products and services to corporate, commercial real estate, government, and institutional clients. Its products and services comprise corporate banking, investment banking, treasury management, commercial real estate lending and servicing, equity, and fixed income solutions, as well as sales, trading, and research capabilities services. The Wealth and Investment Management segment provides personalized wealth management, brokerage, financial planning, lending, private banking, and trust and fiduciary products and services to affluent, high-net worth, and ultra-high-net worth clients. It also operates through financial advisors. Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California.

Between 2013 and 2024, the number of Wells Fargo’s mobile banking customers more than doubled, although growth has slowed in recent years. In 2024, the bank had approximately **** million mobile customers, up from **** million the previous year.

Financial overview and grant giving statistics of Wells Fargo Bank

The number of employees at Wells Fargo fluctuated overall between 2009 and 2024. In 2024, there were nearly 217,500 employees at Wells Fargo, the lowest headcount recorded during the period under investigation.

About this dataset

Context

The dataset tabulates the West Fargo population over the last 20 plus years. It lists the population for each year, along with the year on year change in population, as well as the change in percentage terms for each year. The dataset can be utilized to understand the population change of West Fargo across the last two decades. For example, using this dataset, we can identify if the population is declining or increasing. If there is a change, when the population peaked, or if it is still growing and has not reached its peak. We can also compare the trend with the overall trend of United States population over the same period of time.

Key observations

In 2023, the population of West Fargo was 40,400, a 1.05% increase year-by-year from 2022. Previously, in 2022, West Fargo population was 39,980, an increase of 1.32% compared to a population of 39,461 in 2021. Over the last 20 plus years, between 2000 and 2023, population of West Fargo increased by 24,866. In this period, the peak population was 40,400 in the year 2023. The numbers suggest that the population has not reached its peak yet and is showing a trend of further growth. Source: U.S. Census Bureau Population Estimates Program (PEP).

Content

When available, the data consists of estimates from the U.S. Census Bureau Population Estimates Program (PEP).

Data Coverage:

• From 2000 to 2023

Variables / Data Columns

• Year: This column displays the data year (Measured annually and for years 2000 to 2023)
• Population: The population for the specific year for the West Fargo is shown in this column.
• Year on Year Change: This column displays the change in West Fargo population for each year compared to the previous year.
• Change in Percent: This column displays the year on year change as a percentage. Please note that the sum of all percentages may not equal one due to rounding of values.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for West Fargo Population by Year. You can refer the same here

In 2023, women made up ** percent of Wells Fargo's global workforce, while men accounted for ** percent. Although the share of female employees declined slightly between 2019 and 2023, it remained above ** percent throughout this period.

Financial overview and grant giving statistics of Wells Fargo Regional Community

As of December 2023, women held ** percent of the director positions on Wells Fargo's board. Female representation on the operating committee was lower, at ** percent. At the executive level, ** percent of employees were women.

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Upon thorough bancassurance market analysis and research, the following factors has been identified as the critical market trends during the forecast period 2021-2025:

Industry consolidation through partnershipsGrowing digitization and strategyInvestors collaborating with InsurTech firms

The bancassurance market report also provides several other key information including:

CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will drive bancassurance market growth during the next five years
Precise estimation of the bancassurance market size and its contribution to the parent market
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The growth of the bancassurance market industry across APAC, Europe, South America, North America, and MEA
A thorough analysis of the market’s competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of bancassurance market vendors

Financial overview and grant giving statistics of Wells Fargo & Company Employee Benefit Trust

Financial overview and grant giving statistics of Wells Fargo & Co Employee Benefit Trust for Retiree

Xtract.io's bank location data delivers a comprehensive geographical snapshot of the United States banking infrastructure. This dataset provides financial institutions, market researchers, and business strategists with granular insights into the distribution of top banks and their ATM networks. By mapping precise locations, organizations can analyze market penetration, identify potential expansion opportunities, and develop targeted marketing strategies. The data supports competitive intelligence, demographic studies, and strategic planning across the financial services landscape.

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The market capitalization of Wells Fargo increased in 2024, but remained well below the highest values between 2004 and 2024. At the end of 2024, Wells Fargo's market cap was 236.76 billion U.S. dollars, up from 178.74 billion U.S. dollars in 2023. The bank's market cap was significantly higher between 2013 and 2019, with the peak value measured in 2017.

Wells Fargo’s quarterly net income grew overall between 2007 and 2025, though with significant fluctuations. Following the 2007-2008 financial crisis, the bank’s earnings rose relatively steadily until 2019, when they began to decline sharply. The first quarter of 2020 marked a record low, driven by the economic slowdown caused by the COVID-19 pandemic. Income rebounded in 2021 but fell again from early 2022, with the fourth quarter posting a year-over-year decline of **** percent, the steepest drop since Q3 2020. In recent years, however, Wells Fargo’s net income has stabilized, supported by strong quarterly results. In Q3 2025, the bank reported nearly **** billion U.S. dollars in net income, up almost **percent from the same quarter of the previous year.

The US retail banking market, a sector characterized by intense competition and evolving customer expectations, is projected to experience steady growth. While the provided data lacks specific market size figures, a reasonable estimation can be made. Given a CAGR of 4% and a base year of 2025, we can infer substantial market value. The growth is driven by factors such as increasing digital adoption among consumers, the rise of fintech innovation pushing traditional banks to adapt, and the persistent demand for personalized financial products and services. This necessitates banks to invest heavily in technology, enhance customer experience through seamless digital platforms, and expand their product offerings to remain competitive. Furthermore, regulatory changes and evolving consumer financial behaviors contribute to market dynamism. Despite robust growth projections, the market faces challenges. These include increasing operational costs, stringent regulatory compliance requirements, and the potential for economic downturns to impact consumer spending and loan demand. The competitive landscape, with established giants like JPMorgan Chase & Co., Bank of America Corp., and Wells Fargo & Co. alongside emerging fintech players, necessitates strategic adaptation and innovation to maintain market share. Successful players will be those who can successfully balance profitability with customer-centric strategies, effectively leveraging technology to improve efficiency and enhance customer experience, while adhering to evolving regulatory frameworks. Segmentation within the market will continue to be vital, with specialized offerings targeting demographics and individual needs. Recent developments include: In May 2021, HSBC announced that it is exiting the retail and small business banking market in the United States, in line with its strategy to refocus on corporate and investment banking in Asia., In November 2020, Wells Fargo announced a new solution to help business customers eliminate paper checks by using one-time virtual card numbers to digitally pay invoices through the WellsOne Virtual Card Payments service.. Key drivers for this market are: Next generation technologies, Optimized physical distribution: Analytics and workforce fluidity; Developing an omnichannel workforce. Potential restraints include: Next generation technologies, Optimized physical distribution: Analytics and workforce fluidity; Developing an omnichannel workforce. Notable trends are: The Spending by Retail Banks for digital banking is increasing in US..

The quarterly total revenue of Wells Fargo fluctuated between 2007 and 2025, with an overall increasing trend in recent years. The second quarter of 2022 recorded a record-low quarterly value of approximately 17 billion U.S. dollars. In the last quarter of 2024, the revenue of the bank amounted to 20.38 billion U.S. dollars, marking a small increase compared to the previous quarter. While Wells Fargo's revenue increased since 2020, the bank did not reach its pre-pandemic performance. As of the second quarter of 2025, the revenue is reported to be 20.82 billion U.S. dollars.