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Truist Financial vs Wells Fargo

On overall TruNorth grade, Wells Fargo scores higher (Truist Financial: F, Wells Fargo: F). Both graded from public records across nine values categories.

F
Truist Financial
34/100
F
Wells Fargo
40.7/100

Political donations

Truist Financial

No FEC PAC contributions on record.

Wells Fargo

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

Environment

Truist Financial

No public record found.

Wells Fargo

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

Labor

Truist Financial

60 federal penalties totaling $1.7B since 2000 (Violation Tracker).

Wells Fargo

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

DEI

Truist Financial

EEO-1 workforce demographics on federal record (FY2020, DOL OFCCP FOIA release): 54,537 US employees — 64.3% women, 35.9% racial/ethnic minorities; management 53.5% women, 24.5% minorities.

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

Truist Financial

$72M reported corporate giving in 2024 (~0.24% of revenue) via Truist Foundation.

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

Truist Financial

No public record found.

Wells Fargo

No public record found.

Firearms

Truist Financial

No public record found.

Wells Fargo

No public record found.

Privacy

Truist Financial

CFPB consumer complaints: 23054 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

Truist Financial

Federal banking regulator action (CFPB): $25M civil penalty — improper management of consumer deposits and failure to honor billing-error rights.

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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