Wells Fargo Securities, LLC · Charlotte, NC United States
Company Description
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This link will open in a new window Wells Fargo Securities, formerly Wachovia Capital Markets, provides investment banking and capital markets services for businesses. Offerings include financial and corporate advisory services, private capital and debt placement, underwriting, and equity investing. It also offers real estate financing, risk management services, and structured products such as asset-backed finance products. The firm has expertise with municipalities and in the retail, aerospace, financial services, energy, health care, real estate, media, and technology industries. Wells Fargo Securities and its former parent, Wachovia Corporation , were acquired by Wells Fargo in late 2008. To read the full description, subscribe now.
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Key Wells Fargo Securities, LLC Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Employees | 2,000 |
Wells Fargo Securities, LLC Executives
20 executives listed for Wells Fargo Securities, LLC's Charlotte, NC location.
| Title | Name & Bio | Contact |
| Head of Company | Stephen Cummings | Network |
| CFO | David Pitelka | Network |
| CIO | Susan Certoma | Network |
Competition
Competitive Landscape for Wells Fargo Securities, LLC
Demand is driven by economic activity that results in company mergers, acquisitions, or public financing. The profitability of an investment bank depends on its ability to accurately assess both the value of a business transaction and the readiness of the market to buy the attendant debt or equity. Big firms have an advantage because large customer transactions require firms with substantial financial resources. Small investment banks can compete by participating in syndications and operating in regional markets or specialized industries. Although labor-intensive, the industry produces very high value: average annual revenue per employee at large firms is under $1 million. The global financial crisis of 2008-2009 dramatically altered the landscape of the investment banking industry. Morgan Stanley and Goldman Sachs, the only large firms still intact, have changed their status from investment banks to bank-holding companies. Both firms still engage primarily in investment banking, but former industry leaders such as Bear Stearns, Merrill Lynch, and Lehman Brothers have either been acquired or have filed for bankruptcy protection. The demise of these firms and the late 2000s recession have likely ushered in a new era in which the creation of innovative but risky financial instruments will be replaced by more traditional banking services. The new environment also means more industry oversight by the federal government, which had to step in and bail out dozens of financial services firms with billions of dollars of taxpayers' money. To read the full description, subscribe now.Top Wells Fargo Securities, LLC Competitors
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