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Wells Fargo

Diversified financial services: banking, lending, investments

Investment Banking Summer Associate Intern

Summer 2027Deadline 2/1/27
$150k - $250k+ Incentive opportunities
Internship
MBA
San Francisco, CA, USA+1 moreMore locations: Los Angeles, CA, USA
In Person
Finance & BankingInvestment Banking

About the job

Requirements
  • At least 2 years of investment banking program experience or equivalent experience demonstrated through work, military service, training, or education.
  • If not already held, FINRA registration for SIE, Series 63 (or 66), and Series 79 must be completed within 90 days of hire.
  • Candidates must successfully complete and pass a background check before hire.
  • Candidates subject to statutory disqualification are not eligible to be associated with a FINRA-registered broker-dealer.
  • Employees must comply with ongoing regulatory obligations, including periodic screening and mandatory reporting of certain incidents.
  • Employees are accountable for executing applicable risk programs, following Wells Fargo policies and procedures, fulfilling risk and compliance obligations, escalating and remediating issues, and making sound risk decisions.
Responsibilities
  • Build valuation models and support transaction execution.
  • Conduct company and industry research.
  • Prepare client materials and pitch presentations.
  • Participate in diligence sessions, client meetings, and internal discussions.
  • Collaborate with senior bankers on engagements across sectors and geographies.
  • Contribute to analyses and deliverables supporting client engagements.
  • Support clients through strategic transactions and capital raising by contributing to live projects and building relationships across teams.
  • Proactively monitor, govern, identify, and escalate risks, and make sound risk decisions in line with the business unit’s risk appetite and applicable requirements.
Desired Qualifications
  • An MBA with an expected graduation date from December 2027 to June 2028.
  • Advanced Microsoft Office skills, including Excel, PowerPoint, and Word.
  • A track record of leadership or involvement in professional or academic initiatives.

About the company

Wells Fargo offers a broad range of banking, mortgage, investing, credit card, and wealth and commercial services in the United States. Its products work through a network of branches, ATMs, and digital platforms, combining everyday banking with lending, investment products, and advisory services. The company differentiates itself with a large nationwide branch presence, a wide mix of financial services under one roof, and a focus on secure, user-friendly technology. Its goal is to help customers manage, protect, and grow their money by providing trusted, accessible financial solutions.

Company Size

10,001+

Company Stage

IPO

Headquarters

San Francisco, California

Founded

1851

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Simplify's Take

What believers are saying

  • July 2026 second-quarter revenue rose 9% to $22.6 billion, beating estimates.
  • July 2026 investment banking fees jumped 35% to $939 million, showing capital-markets momentum.
  • 2026 card accounts grew 20% and commercial loans 12%, expanding fee and interest income.

What critics are saying

  • January 2026 severance costs hit $612 million after 5,600 layoffs, signaling ongoing restructuring.
  • CFPB’s 2022 $3.7 billion order keeps auto, mortgage, and deposit misconduct damage alive.
  • One OCC AML enforcement action remains; another control failure triggers fresh penalties and leadership scrutiny.

What makes Wells Fargo unique

  • June 2025 Fed lifted Wells Fargo’s $1.95 trillion asset cap, restoring balance-sheet growth.
  • May 2026 Advisor Gateway gave 200-plus tools and BlackRock Aladdin analytics to wealth advisors.
  • Wells Fargo still owns a top-tier U.S. branch franchise and $2.2 trillion wealth platform.

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Benefits

Health Insurance

401(k) Retirement Plan

Paid Vacation

Paid Sick Leave

Parental Leave

Disability Insurance

Life Insurance

Tuition Reimbursement

Commuter Benefits

Adoption Assistance

Company News

Yahoo Finance
Oct 13th, 2026
JPMorgan misses forecasts despite $15.3B profit as big US banks warn on rates and inflation

Four of the biggest US banks reported higher third-quarter profits on Tuesday, but warned that higher interest rates and inflation could hurt consumers and the economy. JPMorgan Chase, the largest US bank by assets, earned $15.3 billion, or $5.57 a share, up from $14.4 billion a year earlier. It missed analyst forecasts of $5.93 a share, its first miss in nearly three years. Goldman Sachs posted a profit of $5.29 billion, up from $4.1 billion, as equities revenue jumped 72%. Wells Fargo earned $5.95 billion and beat forecasts, while Citigroup's profit rose 40%. JPMorgan chief executive officer Jamie Dimon cited "large fiscal deficits, sticky inflation, elevated asset prices, rising interest rates and geopolitical conditions.

Yahoo Finance
Oct 13th, 2026
Memory stocks slide on Chinese chip breakthrough as UnitedHealth and Goldman beat estimates

US stock futures were mixed on Tuesday as investors weighed a wave of earnings reports. Dow futures rose 0.9%, S&P 500 futures slipped 0.1%, and Nasdaq futures fell 0.7%. Memory stocks fell for a second day after a Chinese chipmaker, CXMT, said it had made a breakthrough in memory chip production. Roundhill Memory ETF fell more than 5% in premarket trading. UnitedHealth rose more than 2% after it earned an adjusted $4.69 per share on $112.69 billion in revenue, beating estimates. It raised its full-year earnings outlook to at least $20.50 per share. Goldman Sachs gained more than 3% on strong results. JPMorgan Chase, Wells Fargo, and Citigroup fell short in parts of their reports. Johnson & Johnson fell 2% after $25.40 billion in sales narrowly missed estimates, though it raised its full-year forecasts.

Yahoo Finance
Oct 13th, 2026
Wells Fargo beats estimates with $5.95B profit as loan losses stay low

Wells Fargo beat Wall Street estimates for the third quarter as consumers and businesses held steady and loan losses stayed low. Net income rose 6.5% to $5.95 billion, or $1.87 a share; analysts expected adjusted earnings of $1.84 a share. Revenue climbed 2% to $21.9 billion. Provision for credit losses totalled $1 billion, and net charge-offs were $983 million, both better than analysts expected. Net interest income rose 4.7% to $12.5 billion, just short of the $12.6 billion consensus. The bank kept its full-year forecast of roughly $50 billion. Net interest margin held at 2.43%, ending several quarters of decline. "Consumers are spending more, loan delinquencies are low, and deposit and investment balances have grown," chief executive officer Charlie Scharf said. Shares fell 1.5% to $82.05 in early trading.

GFM Limited
Oct 13th, 2026
Blackstone leads $1bn private credit financing for Leidos-Analogic security merger

Blackstone is leading a $1bn private credit financing to support the combination of the security enterprise solutions businesses of Leidos Holdings and Analogic Corporation, Bloomberg reported. Blackstone Credit & Insurance is reportedly lead lender and joint lead arranger, alongside HPS Investment Partners, Bank of America, and Wells Fargo. Leidos, a listed engineering and technology services company based in Virginia, serves government and commercial clients. It generated $17.2bn in revenue in 2025. Analogic develops imaging, detection, artificial intelligence, and automation technologies. Private equity firm Altaris acquired it in a $1.1bn take-private deal in 2018. Blackstone was reportedly also among the lenders in a recent financing for Waymo, which was increased to $5bn.

MarketScreener
Oct 12th, 2026
Blackstone : Credit & Insurance Leads $1 Billion Financing to Support Combination of Analogic Corporation and Leidos’ Security Enterprise Solutions Businesses

NEW YORK - October 12, 2026 - Blackstone Credit & Insurance today announced that it is leading a $1 billion financing in support of the combination of Analogic Corporation with the Security...