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Bank of America vs Wells Fargo

Bank of America and Wells Fargo grade similarly overall (Bank of America: F, Wells Fargo: F). Both graded from public records across nine values categories.

F
Bank of America
40.7/100
F
Wells Fargo
40.7/100

Political donations

Bank of America

FEC: $32K PAC donations; 70% to Republican, 30% to Democratic committees. [CA CalAccess + NY COELIG + TX Ethics adds state-level totals.]

Wells Fargo

No FEC PAC contributions on record. [CA CalAccess + NY COELIG + TX Ethics adds state-level totals.]

Environment

Bank of America

Banking on Climate Chaos 2024: $333.2B in fossil-fuel financing 2016-2023 (#4 globally).

Wells Fargo

Banking on Climate Chaos 2024: $296.0B in fossil-fuel financing 2016-2023 (#3 globally).

Labor

Bank of America

339 federal penalties totaling $87.9B since 2000 (Violation Tracker).

Wells Fargo

274 federal penalties totaling $28.0B since 2000 (Violation Tracker).

DEI

Bank of America

HRC Corporate Equality Index: 100/100 — Equality 100 Leader (2025). Top-rated LGBTQ+ workplace policies, benefits, and culture. Disability:IN Equality Index score 100/100. JUST Capital JUST 100 — ranked #5 of Russell 1000 (2025) for treatment of workers, customers, communities, environment. Bloomberg Gender-Equality Index member (2024) — transparent on female leadership, equal pay, inclusive culture. Held by 1 ESG/SRI fund(s) (gender-equality-funds) — investor-screen positive signal. HRC Corporate Equality Index 100/100 (2025) — top-tier LGBTQ+ workplace equality rating.

Wells Fargo

HRC Corporate Equality Index: 100/100 — Equality 100 Leader (2025). Top-rated LGBTQ+ workplace policies, benefits, and culture. Bloomberg Gender-Equality Index member (2024) — transparent on female leadership, equal pay, inclusive culture. HRC Corporate Equality Index 100/100 (2025) — top-tier LGBTQ+ workplace equality rating.

Charity

Bank of America

$220M reported corporate giving in 2024 (~0.23% of revenue) via Bank of America Charitable Foundation. JUST Capital JUST 100 — ranked #5 of Russell 1000 (2025) for treatment of workers, customers, communities, environment. Newsweek Most Trustworthy Companies in America — ranked #17 (2024). Operates the Bank Of America Charitable Foundation Inc: $225.6M in charitable contributions, gifts & grants paid (FY2023, IRS Form 990-PF).

Wells Fargo

$285M reported corporate giving in 2024 (~0.34% of revenue) via Wells Fargo Foundation. Operates the Wells Fargo Foundation: $217.6M in charitable contributions, gifts & grants paid (FY2023, IRS Form 990-PF).

Animal testing

Bank of America

No public record found.

Wells Fargo

No public record found.

Firearms

Bank of America

No public record found.

Wells Fargo

No public record found.

Privacy

Bank of America

CFPB consumer complaints: 179812 on record (100 in past 12mo); 100% timely response rate.

Wells Fargo

CFPB consumer complaints: 168730 on record (100 in past 12mo); 100% timely response rate.

Executive pay

Bank of America

Federal banking regulator action (CFPB/OCC): $150M total — $100M to customers + $50M civil penalty for double-dipping on overdraft fees, withholding cash rewards, and opening unauthorized accounts.

Wells Fargo

2 federal banking regulator actions (~$3.7B in penalties). OCC formal agreement — anti-money-laundering and sanctions compliance deficiencies; lifted 2018 asset cap remains in place.

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