BNET Industries
Market Cap:$125.6B
Last Fiscal Year Sales:$39.3B
- Public
- US
Dow Jones Description
Wells Fargo & Company is a diversified financial services company with $1.4 trillion in assets, providing banking, insurance, investments, mortgage and consumer finance through almost 11,000 stores and the internet across North America and internationally. Wells Fargo Bank, N.A. has the highest possible credit rating, ?Aaa,? from Moody?s Investors Service and the highest credit rating given to a U.S. bank, ?AA+,? from Standard & Poor?s Ratings Services.
Number of Employees 159,800
Contact Information
420 Montgomery Street
San Francisco, California 94104-1205
415.396.7152
Peer Companies
NAICS Code Commercial Banking: 522110
Recent Events
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Wells Fargo announces new executive appointment
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Bailout banks won't repay soon
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Regency Centers REG Downgraded By Wells Fargo
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Wells Fargo Initiates Coverage on Starwood Property Trust STWD with a Market Perform
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Wells Fargo May Close Some Branches
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Wells Fargo Names James Kimball Head of Commercial Banking for California's North Coast
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Boardwalk Pipeline Partners BWP Downgrade Alert, Watch for 30.8% Technical Uptrend Reversal
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Wells Fargo Initiates Coverage on Dole Food Company DOLE with a Market Perform; Well-Aligned With...
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Wells will rebrand Wachovia
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This Just In: Upgrades and Downgrades
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Upgrades and Downgrades: American Eagle Soars
News & Analysis
Filter by
financial and wells fargo & co. - All News and Analysis
Wells Fargo Thinks It Doesn't Have to Reserve Against Bad Loans
Seeking Alpha
- 2009-11-22
Washington's Blog submits: Chris Whalen has a must-read essay at Zero Hedge: In the case of WFC [Wells Fargo], the bank has taken the position that NONE of its conforming residential exposures should be brought on balance sheet despite the FASB rule change. As we discussed in The Institutional...
Bloomberg?s Weil: Wells Fargo Needs TARP
Seeking Alpha
- 2009-11-19
Ockham Research submits: Bloomberg opinion columnist Jonathan Weil has a talent for navigating balance sheets of often complex financial firms. In his latest piece, he writes about Wells Fargo WFC, the bank who rejected the idea that it needed TARP funds in the first place, yet has to...
Why Warren Buffett Loves Wells Fargo
Seeking Alpha
- 2009-11-15
Amit Shah submits: I am in the process of putting together a detailed presentation on Wells Fargo WFC, but I thought it would be useful to understand why Warren Buffett loves Wells Fargo. Wells is the most diversified financial services firm with a leading position in US banking stores, small...
Wells Fargo's Mortgage Conversion Scheme: Delaying the Inevitable
Seeking Alpha
- 2009-11-06
Trader Mark submits: If you are not familiar with what an option ARM mortgage is, read this piece [Aug 13, 2008: Option ARMs- Who Thought Up these Time Bombs?]. I too was unfamiliar with it, despite following markets closely, until I read a BusinessWeek article in October 2006. Interest...
Wells Fargo Tries 'Family Values' on Legacy Wachovia Pick-A-Pay Mortgages
Seeking Alpha
- 2009-11-05
Michael Steinberg submits: The Wall Street Journal’s “Wells Fargo Takes Chance With a Loan Exchange”, subtitled “Option ARMs Are Shifted to Interest-Only in a Recovery Bet”, suggests that the bank is playing “kick-the-can down the road” with its Pick-A-Pay mortgages. Wells Fargo WFC is holding $107B in legacy Wachovia ARMs...
Those Lucrative Interest-Rate Hedges
Seeking Alpha
- 2009-11-05
Felix Salmon submits: Peter Eavis notes something quite astonishing today: The interest rate on [Goldman's] long-term borrowings was a minuscule 0.92% in the third quarter, down from 3.53% in the third quarter of 2008. This $203 billion of debt is Goldman’s largest single funding source,...
Why Wells Fargo Is a Great Buy
Seeking Alpha
- 2009-11-05
Amit Shah submits: I find it interesting to read all the negative commentary on banks by a few "highly respected" research analysts, notably Dick Bove at Rochdale Securities and Meredith Whitney at Meredith Whitney Advisory LLC. Dick Bove has been consistently wrong throughout the financial crisis and Meredith Whitney has...
Wells Fargo Is Doing Worse than It Seems
Seeking Alpha
- 2009-10-23
Reggie Middleton submits: Reggie Middleton on Wells Fargo's 3Q09 Reported Performance Results Review - 3Q09 Wells Fargo & Co. WFC reported higher-than-expected earnings for 3Q-09, beating consensus estimates for the second time in a row, primarily on back of...
Dick Bove?s Wells Fargo Sell Rating Drains Any Credibility He Had Left
Seeking Alpha
- 2009-10-22
Tate Dwinnell submits: Whatever credibility Dick Bove of Rochdale Securities has left can now be thrown out the window. It won’t matter at CNBC or Fox Business though, because for some reason he’s considered a guru analyst in the financial sector. Following Wells Fargo’s WFC earnings yesterday...
Wells Fargo's Balance Sheet: Not a Pretty Picture
Seeking Alpha
- 2009-10-22
Ray submits: Looking through Wells Fargo’s WFC earnings I see nothing that makes me think the crisis has really ended or that credit is even close to expanding. The company has a very complex balance sheet, so picking it a part is not an easy task and...
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Glass Door
Wells Fargo
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