BNET Industries
Wells Fargo & Co. (WFC) is in the Financial Services Industry
- Revenue
- Dec 31 2007
- $53.5B
- Profit
- Dec 31 2007
- $8.0B
- Market Cap
- May 14 2008
- $95.4B
Latest News and Analysis
U.S. Stocks Little Changed as Oil at Record
By Herbert Lash NEW YORK (Reuters UK) - U.S. stocks were little changed on Friday as oil prices streaking toward $128 a barrel lifted energy shares and offset investor worries about a slump in U.S. consumer confidence to a 28-year low. Gold, a traditional hedge against...
Buffett Sees No Bank Panic, But Expects More Losses
OMAHA, Nebraska (Reuters) - Warren Buffett on Sunday said he does not expect financial markets to panic as write-downs and losses for bad debts mount in the financial services industry, but said those losses were not over "by a long shot." The world's...
Buffett Tells Flock: Lower Sights Or Sell Berkshire
By Jonathan Stempel OMAHA, Nebraska (Reuters) - Warren Buffett told shareholders of his Berkshire Hathaway Inc BRKa BRKb not to expect the out-sized gains his insurance and investment company has historically enjoyed, but they could still sleep well owning its stock...
Morgan Stanley See Big Bank Woes Just Beginning
By Joseph A. Giannone NEW YORK (Reuters) - Morgan Stanley MS analysts on Monday told clients to "sell the rally" in financial stocks, slashing forecasts for big bank earnings and warning that the current credit crunch is only just beginning. In aggregate, Morgan...
Appeals Court Orders New Credit Card Case Trial
By Leslie Gevirtz NEW YORK (Reuters) - A U.S. appeals court reinstated a class-action suit on Friday against a group of banks that force their credit card customers to use arbitration instead of the courts to settle disputes. The credit cardholders "alleged that...
Freddie Mac to Announce Agreement With Lenders: Report
NEW YORK (Reuters) - Freddie Mac FRE is set to unveil a pact with three major lenders on Thursday as it seeks to make more funds available for big home loans, the Wall Street Journal said. Quoting Freddie Mac officials, the report said...
JPMorgan and Wells Fargo Results Soothe Investors
By Jonathan Stempel and Joseph A. Giannone NEW YORK (Reuters UK) - JPMorgan Chase & Co JPM and Wells Fargo & Co WFC posted first-quarter results that soothed investors who had counted on the giant banks to handle the U.S. housing and credit crises better than...
Bank Results Soothe Investors
By Jonathan Stempel and Joseph A. Giannone NEW YORK (Reuters) - JPMorgan Chase & Co JPM and Wells Fargo & Co WFC posted first-quarter results that soothed investors who had counted on the giant banks to handle the U.S. housing and credit crises...
Wells Fargo Net Tops Views
By Jonathan Stempel NEW YORK (Reuters) - Wells Fargo & Co WFC on Wednesday posted a quarterly profit that easily topped forecasts, as it won more mortgage customers, boosted revenue and cut costs, helping to offset a big increase in bad loans. Though...
Ad Agency Exec Mark Monteiro: Making a Good Business Great
A few years ago DDB Los Angeles Chief Creative Officer Mark Monteiro called his staff in and told them it was time to admit their work was crap. To his surprise, they not only agreed, but were relieved. Now the ad agency is one of the most awarded in the...
Income Funds
This paper explores the income fund as it is defined and seeks current income and total return. Establishing a target range for the Fund's average portfolio duration based on the average portfolio duration of the mutual funds included in the Lipper Corporate A-Rated Debt Average (which is generally about 4-6...
Wells Fargo White Paper: Merchant Techniques for Advanced Fraud Protection
This white paper provides information on essential fraud control methods and services for businesses that accept orders and payments over the Internet. It was created by Javelin Strategy and Research, an objective third-party research firm, with the help of Wells Fargo's payments experts and builds on facts collected from merchants,...
A Guide to Equity Investing in Today's Uncertain Markets
This paper provides guild lines to structure portfolio. Diversify equity investments with growth and value styles considering the advantages of professional portfolio management And Discover ways to help mitigate the risk of market volatility by incorporating growth- and value-style investments, investors can build the basic structure of their long-term investment...
A Diversified Approach to Fixed-Income Investing
This paper discusses about the diversification of the fixed income bonds. A portfolio containing a sensible mix of stocks and bonds can help smooth out the peaks and valleys that often characterize stock market cycles. Although these securities can be subject to credit and interest rate risk, fixed-income securities, commonly...
Home Buying Tutorial
Read this article which actually is a tutorial to guide you while taking a loan for home buying. This guide takes you through the steps of the home-buying process. Along the way it'll point you to checklists, easy-to-use planning calculators and other helpful information such as organizing your finance and...
Additional Resources
FohBoh Announces Advisory Board
SAN FRANCISCO -- Michael Atkinson, Chairman & CEO, and Ted Cohn, President & CTO, of FohBoh, Inc. are delighted to announce the company's inaugural advisory board members. They include Christopher Condy, founding partner at C&L Partners, CEO at Aqua Development Group and FohBoh Director; David Dodson, Cultivator at The Cultivation...
2008 Ad
Award-Winning News Team to Report Directly From Beijing Olympics This Summer SAN FRANCISCO, May 6 /PRNewswire/ -- With anticipation and excitement building around the 2008 Olympic Games in Beijing, KTSF Television -- the nation's largest Asian-language broadcast station -- today unveiled its China Games program line-up. ...
Fast-Growing UC Davis Bay Area MBA Program Moves to New Home in Bishop Ranch
(Editor's note: Black-and-white floor plan diagram and color photos of facilities available on request.) DAVIS, Calif. -- Following three years of rapid enrollment growth in one of the nation's most competitive MBA markets, the UC Davis Graduate School of Management is moving its Bay Area MBA Program for...
Richard Kovacevich Joins Speaker Lineup for ACG Los Angeles Annual Business Conference
The executive widely credited for inventingthe modern style of retail banking, Wells Fargo & Company Chairman RichardKovacevich, will be a keynote speaker at the 2008 ACG Los Angeles BusinessConference, to be held September 16 and 17 in Beverly Hills. Mr. Kovacevich secured his position as an M&A mergers and acquisitionsuperstar...
Biggest U.S. Mortgage Lenders
DALLAS, May 5 /PRNewswire/ -- First quarter mortgage originations tumbled from a year earlier but were better than the fourth quarter, according to an analysis of earnings data by http://www.mortgagedaily.com/. Among 14 of the largest U.S. primary lenders, residential volume was $370.6 billion during the first quarter...
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- Incorporated: 1929
- CEO: Mr. John G. Stumpf
- Employees: 159,800
Wells Fargo is a financial holding company that provides retail, commercial and corporate banking services through banking stores in 23 states. Co. also provides other financial services through subsidiaries engaged in various businesses, mainly: wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, insurance agency and brokerage services, computer and data processing services, trust services, investment advisory services, mortgage-backed securities servicing and venture capital investment. As of Dec 31 2007, Co. had assets of about $575.00 billion and deposits of about $344.00 billion.
Key Competitors
Wells Fargo & Co. Company Info
Board of Directors
Mr. Richard M. Kovacevich
Chairman
Mr. Philip J. Quigley
Dr. Donald B. Rice
Ms. Judith M. Runstad
Mr. Stephen W. Sanger
Mr. John G. Stumpf
Ms. Susan G. Swenson
Mr. Michael W. Wright
Mr. John S. Chen
Mr. Lloyd H. Dean
Ms. Susan E. Engel
Mr. Enrique Hernandez Jr.
Mr. Robert L. Joss
Mr. Richard David McCormick
Ms. Cynthia H. Milligan
Mr. Nicholas G. Moore
Contact Information
420 Montgomery Street
San Francisco, CA
866 249-3302
NAICS Code
Commercial Banking: 522110Brought to you by IBMSponsored Resources
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