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Wells Fargo

Nationwide banking and financial services

Consumer Banking and Lending Intern

Summer 2027Posted on 7/2/2026Deadline 10/5/26
$40.87
Internship
Bachelor's
Charlotte, NC, USA
In Person
No H1B Sponsorship

About the job

Requirements
  • At least 6 months of work experience, or equivalent demonstrated through work experience, training, military experience, or education.
  • Currently pursuing a bachelor’s degree with an expected graduation date between December 2027 and June 2028.
  • Be presently authorized to work for any employer in the United States and not require work visa sponsorship from Wells Fargo now or in the future to retain that authorization.
  • Demonstrate critical thinking and data analysis skills and the ability to learn quickly, adapt to change, and contribute to innovative initiatives.
  • Be able to execute with urgency, support business reporting, and contribute to operational excellence with an enterprise mindset.
  • Apply business and financial concepts to support decision-making and deliver service through coursework, internships, or problem-solving experiences.
  • Act with integrity, manage risk effectively, and apply appropriate risk controls.
  • Have familiarity with artificial intelligence tools and applying artificial intelligence to coursework, such as Copilot or NotebookLM.
  • Have proficiency in one or more of Power BI, Tableau, Alteryx, Python, SQL, or other analytics tools.
Responsibilities
  • Complete formal onboarding and ongoing training to broaden professional and technical skills and business acumen across Consumer Banking and Lending.
  • Analyze data, extract insights, and present recommendations to team members and senior leaders.
  • Contribute to customer-focused projects that streamline processes and identify best practices across multiple business areas.
  • Gain exposure to strategy, planning, and project management with cross-functional teams.
  • Participate in an ongoing capstone project focused on solving a real business challenge and present recommendations to senior leadership.
  • Build a professional network through cohort activities, collaboration with teammates, and engagement with managers and business leaders.
Desired Qualifications
  • A bachelor’s degree candidate with a concentration in Business, Economics, Data Science, Quantitative Analytics, Computer Science, Mathematics, Engineering, Finance, Entrepreneurship, Management Information Systems, or Statistics; all majors are welcome to apply.
  • Strong collaboration and communication skills, the ability to present ideas effectively, and the ability to contribute to inclusive, feedback-driven team environments.

About the company

Wells Fargo provides banking, investment, and payment services to individuals, businesses, and institutions. Its products include checking and savings accounts, loans, credit cards, wealth management, and payments, accessible through branches, online and mobile platforms, and full payment rails. The company combines a wide national footprint with a long history and a business model that integrates banking, investment, and payments, supported by a large network of branches and ATMs. Its goal is to help customers manage money, grow wealth, and move funds safely and reliably.

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 11th, 2026
Wells Fargo faces HUD probe ahead of October 13 earnings; shares down 10% in 2026

Wells Fargo will report third-quarter results before the market opens on October 13. Bank stocks face a tough backdrop as rising Treasury yields weigh on the sector. Shares fell 1.5% on October 7 after The Wall Street Journal reported a federal investigation into the bank's lending practices. The US Department of Housing and Urban Development is examining whether it violated fair lending laws. The stock is down nearly 7% over the past month and 10% so far in 2026. In the second quarter, Wells Fargo posted net income of $6.4 billion and revenue of $22.6 billion, up 9% year-over-year. Adjusted earnings per share were $1.96, against the consensus estimate of $1.73. Analysts rate the stock "Moderate Buy," with an average price target of $99.67.

PR Newswire
Oct 8th, 2026
DailyPay secures $200M asset-backed securitisation, reaches $1.4B in total debt financing

DailyPay, the on-demand pay provider, has completed a $200 million asset-backed securitisation of its receivables. This marks the company's second such transaction, following a $200 million securitisation in June 2025. The New York-based firm now has approximately $1.4 billion in debt financing backed by its on-demand pay receivables, including a $960 million secured credit facility. DailyPay is the only on-demand pay provider to access the asset-backed securitisation market. The company serves more than 2,000 employers and over 6 million employees. Its platform allows workers to access wages they have already earned before payday, with DailyPay funding the transfers without affecting employer cash flow. Citi acted as lead bookrunner and structuring agent for the transaction.

Yahoo Finance
Oct 7th, 2026
Wells Fargo in talks with Kraken parent Payward for crypto liquidity provision

Wells Fargo is in talks with Payward, the parent company of crypto exchange Kraken, to use it as a crypto liquidity provider, according to two people familiar with the matter who spoke to CoinDesk. Under the potential arrangement, Wyoming-based Payward would supply liquidity for digital asset trading. Both companies declined to comment. The discussions reflect a broader trend of major banks partnering with established crypto companies rather than viewing them as competitors. Regulatory changes under the Trump administration have accelerated this shift. The GENIUS Act, signed in July 2025, created a federal framework for payment stablecoins, giving banks clearer rules for connecting crypto markets to traditional finance. Wells Fargo already offers spot Bitcoin ETFs to eligible wealth clients and has backed crypto compliance firm Elliptic.

Yahoo Finance
Oct 5th, 2026
Morgan Stanley upgrades Wells Fargo to buy, sees 27% upside as margins stabilise

Morgan Stanley upgraded Wells Fargo to buy from hold on Monday, setting a $102 price target that implies 27% upside. The bank is scheduled to report third-quarter earnings next Tuesday. Wells Fargo shares are down roughly 12% this year, lagging major peers. The underperformance stems partly from margin pressures after the Federal Reserve lifted a $1.95 trillion asset cap in June 2025. Wells Fargo expanded rapidly using pricier wholesale funding, which hurt profitability. Morgan Stanley expects margins to improve as balance-sheet growth moderates and the bank shifts toward cheaper deposit funding. Investment banking also presents upside: Wells Fargo has hired 150 senior bankers over four years and doubled fee revenue since 2022, yet still lags peers. The firm forecasts return on tangible common equity will reach 18% by 2028.

MarketScreener
Oct 2nd, 2026
NETSTREIT Corp. Announces $550.0 Million in Additional Financing Commitments and Amendments to Existing Credit Facilities

NETSTREIT Corp. announced the closing of $550.0 million in additional financing commitments and amendments to its existing credit facilities agented by PNC Bank, National Association , Wells Fargo...

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