Wells Fargo SWOT Analysis
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Wells Fargo SWOT Analysis

Weakness

  • The company has gone through the 2016 major scandal of opening fake accounts, which led them to a fine of $3 billion
  • It missed opportunities on billions of dollars
  • It suffers because of the aging system

Threat

  • The threats of Wells Fargo are to be taken into account seriously
  • The success and stability of a bank depend on individuals and businesses
  • It has the problem of capped loans because of its fake account scandal

Opportunity

  • The bank has room for strengthening its industrial and commercial lending
  • The bank should also use the opportunity to increase the number of offices and expand its operation to Asia and Africa and work on growth
  • The banking sector being volatile, wells Fargo must protect interest by diversifying into growing and stable industries to avoid bankruptcy

Strength

  • The global presence of the bank is strong indeed
  • The company maintains a solid financial position
  • It is part of the big four influencing America's policymaking, namely, JPMorgan Chase & Co., Bank Of America, City Bank, and Wells and Fargo

Wells Fargo SWOT Analysis

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publish time: 2021-05-20
Lisa Anderson

For the Wells Fargo SWOT analysis, it is crucial to know about its past and future planning. Wells Fargo & Company is a multinational financial services company in America and one of the most revered global financial institutions. A company can constantly develop further by assessing itself. At the same time, the company can look for business diversification to earn long-term stability in the market. Learn more about the Wells Fargo from its strengths, weakness, opportunities, adn threats.

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