Wells Fargo & Company

News and overview for Wells Fargo & Company

Wells Fargo Commercial Banking Increases Focus on Illinois, Names Lisa Johnson Regional Head [Press Release]
Business Wire | 13 days 23 hours 1 minute ago
To satisfy the financial needs of more commercial customers in Illinois, Wells Fargo & Company (NYSE: WFC) said today it has named Lisa N. Johnson as regional head for Commercial Banking in Illinois and southeast Wisconsin. She is based in Chicago and reports to Richard J. Kerbis, head of Commercial Banking’s Midwest Division.


Fitch Rates Wells Fargo Stage Trust, Series 2009-81C Floater & Residual Certificates [Press Release]
Business Wire | 3 days 20 hours 26 minutes ago
Fitch Ratings assigns a rating of 'AA-/F1+' to the floater certificates and a rating of 'AA-' to the residual certificates of Wells Fargo Stage Trust, series 2009-81C. The long-term 'AA-' rating is based on the custody level credit enhancement provided by Wells Fargo & Company (currently rated 'AA-/F1+' by Fitch) securing the custodial receipts deposited into the trust. The short-term 'F1+' rating is based on the liquidity facility provided by Wells Fargo & Company. The 'F1+' rating will expi...


Fitch Rates Wells Fargo Stage Trust, Series 2009-84C Floater & Residual Certificates [Press Release]
Business Wire | 3 days 20 hours 31 minutes ago
Fitch Ratings assigns a rating of 'AA-/F1+' to the floater certificates and a rating of 'AA-' to the residual certificates of Wells Fargo Stage Trust, series 2009-84C. The long-term 'AA-' rating is based on the higher of the rating that Fitch has assigned to the custody level credit enhancement provided by Wells Fargo & Company (currently rated 'AA-/F1+') securing the custodial receipts deposited in the trust and the rating that Fitch has assigned to the Highlands County Health Facilities Aut...


CORRECTING and REPLACING Wells Fargo Brings Commercial Banking Services Wherever You Are with New iPhone Application [Press Release]
Business Wire | 12 days 16 hours 51 minutes ago
The URL in the fourth paragraph should read: www.itunes.com/appstore/ (sted www.ituness.com/appstore/).


Wells Fargo Public Finance Hires Three Veteran Bankers [Press Release]
Business Wire | 31 days 21 hours 2 minutes ago
Wells Fargo & Company (NYSE:WFC) continues to expand its Public Finance group by hiring three veteran bankers to support the capital markets needs of government and institutional clients. Ronald Stack joins Wells Fargo as a managing director and head of the Northeast Public Finance team, Edward Boyles joins as managing director and head of the Southeast Public Finance team, and Robert Hobson joins as a managing director reporting to Boyles.


Thousands of Dollars Donated to Assist Fort Hood Families in the Wake of Tragedy [Press Release]
PRNewswire | 3 days 9 hours 13 minutes ago
...com/foundation Wells Fargo & Company is a diversified financial...internationally. The Company promotes economic growth...America. In 2008, the Company gave $226 million in...boards. The merger of Wells Fargo and Wachovia makes our...


Wells Fargo Aims to Reduce Its U.S. Based Greenhouse Gas Emissions by 20 Percent [Press Release]
Business Wire | 39 days 23 hours 49 minutes ago
Wells Fargo & Company (NYSE: WFC) announced today that it has set a goal to reduce its U.S.–based greenhouse gas emissions by 20 percent below 2008 levels by 2018. The Company is focusing on reducing its carbon footprint as part of its continued environmental commitment to lead by example and to fulfill its pledge as a member of the U.S. Environmental Protection Agency’s (EPA’s) Climate Leaders program, which Wells Fargo joined last year.


Wells Fargo Names Malcom to Lead Equipment Finance Bank Division [Press Release]
Business Wire | 42 days 2 hours 1 minute ago
Wells Fargo & Company has appointed Brent Malcom as executive vice president for its Equipment Finance Division. Based in Minneapolis, Malcom will lead equipment finance sales, credit and service team and activities for the bank division of the newly-combined Wells Fargo Equipment Finance, Inc., and the former Wachovia Equipment Finance.


Fitch Rates Wells Fargo Stage Trust, Series 2009-83C Floater & Residual Certificates [Press Release]
Business Wire | 3 days 20 hours 39 minutes ago
Fitch Ratings assigns a rating of 'AA/F1+' to the floater certificates and a rating of 'AA' to the residual certificates of Wells Fargo Stage Trust series 2009-83C. The long-term 'AA' rating is based on the rating that Fitch has assigned to the Illinois Finance Authority revenue bonds, series 2009B (Central DuPage Health), deposited in the trust. The short-term 'F1+' rating is based on the liquidity facility provided by Wells Fargo & Company. The 'F1+' rating will expire on Nov. 15, 2010, the...


Fitch Rates Wells Fargo Stage Trust, Series 2009-82C Floater & Residual Certificates [Press Release]
Business Wire | 3 days 20 hours 24 minutes ago
Fitch Ratings assigns a rating of 'AA/F1+' to the floater certificates and a rating of 'AA' to the residual certificates of Wells Fargo Stage Trust series 2009-82C. The long-term 'AA' rating is based on the rating that Fitch has assigned to the Indiana Finance Authority, revenue and refunding bonds (Trinity Health Credit Group), series 2009A, deposited in the trust. The short-term 'F1+' rating is based on the liquidity facility provided by Wells Fargo & Company. The 'F1+' rating will expire o...


National Urban League and Wells Fargo Launch National Initiative to Address Pressing Needs in the African American Community [Press Release]
Business Wire | 17 days 20 hours 35 minutes ago
The National Urban League announced today that it has entered a three-year, multi-million dollar partnership with Wells Fargo to address challenges within the African American community, starting with a focus on sustainable housing and community stabilization.


Wells Fargo Overtime Lawsuit: Federal Court Certifies Nationwide Class Of Wells Fargo Technical Support Workers Seeking Overtime Pay [Press Release]
Business Wire | 26 days 19 hours 16 minutes ago
Kelly M. Dermody of Lieff Cabraser Heimann & Bernstein, LLP, announced that current and former Wells Fargo technical support workers throughout the United States are a significant step closer to recovering pay for overtime hours they worked. Yesterday, Judge Claudia Wilken of the United States District Court for the Northern District of California granted plaintiffs’ motion for certification of the case as a collective action. The complaint charges that the workers should have been paid overt...


Wells Fargo to Present at The BancAnalysts Association of Boston [Press Release]
Business Wire | 20 days 19 hours 10 minutes ago
Wells Fargo & Company (NYSE:WFC) said today that President and CEO John Stumpf will present at the BancAnalysts Association of Boston to be held in Boston on Friday, November 6, at 10 a.m. Eastern Time.


Latest Wells Fargo Survey: Expectations for Increased Revenues Improve Small Business Owner Optimism [Press Release]
Business Wire | 20 days 1 hour 1 minute ago
Optimism among small business owners improved during October, driven by improved outlook for revenue, capital spending and hiring, according to the latest results of the quarterly Wells Fargo/Gallup Small Business Index.


Wells Fargo Names Paul Lazar Business Development Leader For the Southeast Region Operations [Press Release]
Business Wire | 39 days 20 hours 47 minutes ago
Wells Fargo Insurance Services Southeast, Inc. has named Paul Lazar as the business development leader for its Southeast region operations, which includes Alabama, Arkansas, Georgia, Louisiana, and Mississippi.





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Company Overview


Company: Wells Fargo & Company
Industry: Money Center Banks
Website: http://www.wellsfargo.com

This stagecoach likely makes a stop near you. One of the top banks in the US, Wells Fargo has about 6,600 bank branches in some 40 states, and more than 4,000 mortgage and consumer finance offices nationwide. Services include consumer and business banking, investment management, insurance, and venture capital investment. A top residential mortgage lender in the US, Wells Fargo is also one of the largest mortgage servicers. The company is a banking industry leader in insurance brokerage through its Wells Fargo Insurance Services subsidiary, as well as leading in mutual funds, online banking, and online brokerage services. In 2008 Wells Fargo bought Wachovia, which increased its assets to some $1.3 trillion.


Key Numbers

Sales in U.S. Dollars (mil.) 41,897 (2008)
One-year % Growth in Sales 6.4 (2008)
Net Income in U.S. Dollars (mil.) 2,655 (2008)
One-year % Growth in Net Income -67.0 (2008)
Number of Employees 281,000 (2008)
One-year % Growth in Number of Employees 75.8 (2008)
Fiscal Year-End December