Wells Fargo
A bank that keeps money safe and gives loans and home mortgages.
📖 Its story
In 1852, during the California Gold Rush, Henry Wells and William Fargo started a company to move gold, money and letters. They used stagecoaches, which were carriages pulled by horses. Over time it became one of the biggest banks in the United States.
💵 How it makes money
It charges interest on loans, especially mortgages, and fees for its services.
🤯 Fun fact
Its symbol is a stagecoach with horses, because that's how it carried gold and money during the Gold Rush.
👍 The good part
It serves millions of families and small businesses in the United States.
⚠️ The risk
It has gotten fines and penalties from the government for treating its customers badly.
🧠 Did you get it?
What vehicle is the symbol of Wells Fargo?
🗂️ Quick facts
- Founded in: 1852
- Founded by: Henry Wells and William Fargo
- Home: San Francisco, California, USA
🔎 How to find it on the stock market
- Search the internet for WFC stock.
- You can also find it in your parents' investing app with the letters WFC.
- Check how much one share costs and whether today it's green (went up) or red (went down).
🎮 Buy it in the game
Soon you'll be able to invest your Monis in Wells Fargo. Ask your mom or dad to join the list.
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