Wells Fargo Ranks 31st in Trading Volume with 17.69 Billion Shares Exchanged Amid Tech Banking Team Expansion

On April 14, 2025, Wells Fargo (WFC) saw a trading volume of 17.69 billion, ranking 31st in the day's stock market activity. The stock price increased by 0.94%.

Wells Fargo has expanded its technology banking team by 20% over the past year, driven by the growth in the U.S. tech sector. The bank has plans for additional hires in 2025 to further bolster its team. The technology banking unit focuses on companies operating in areas such as software, fintech, e-commerce, and semiconductors. The team, led by Dzung Nguyen, Matt Servatius, and Jim Bryski, has over 60 bankers and has added relationship managers as part of the expansion.

Wells Fargo's first-quarter profit exceeded expectations, thanks to cost-cutting measures and reduced provisions for potential loan losses. However, CEO Charlie Scharf cautioned that U.S. tariffs could slow economic growth. This expansion in the technology banking team reflects Wells Fargo's strategic focus on leveraging the growth in the tech sector, which has seen significant venture funding and attention due to the rise of artificial intelligence.