Wells Fargo & Company
News and overview for Wells Fargo & Company
Wells Fargo profit rises, but so do loan losses
Globe and Mail (Toronto), The | 33 days 12 hours 39 minutes ago
Company's retail banking operations, including the loan business it acquired with the purchase of Wachovia, offset rising loan losses
90 years ago - Daily News, Oct. 16, 1919
San Jose Mercury News (Calif.) | 37 days 8 hours 52 minutes ago
R.S. Elliot Is Promoted To Frisco Office Manager R.S.
Frederick s of Hollywood Group Inc. Reports Fiscal 2009 Fourth Quarter and Year-End Financial Results [Press Release]
Business Wire | 31 days 7 hours 7 minutes ago
Frederick’s of Hollywood Group Inc. (NYSE Amex: FOH) (“Company”) today announced financial results for its fourth quarter and fiscal year ended July 25, 2009 and announced an amendment to its senior credit facility.
Omega Protein Announces New $35 Million Credit Facility [Press Release]
PRNewswire | 32 days 1 hour 52 minutes ago
...of credit. The Company prepaid the term...were transferred to Wells Fargo Bank. Joe von...facility provides the Company with more favorable...relationship with Wells Fargo." In connection...termination of the Company's existing credit...
Newcomers to Florida Banking Market Should Ease Credit Crunch for Florida Businesses, Consumers
Builder Online | 24 days 14 hours 8 minutes ago
By Martha Brannigan, The Miami Herald Oct. 30--The battle for Floridians' wallets is heating up.
Wells Fargo Downgrades Gannett Over Advertising, Circ, and ... Leno?
Editor & Publisher | 25 days 6 hours 12 minutes ago
Wells Fargo Downgrades Gannett Over Advertising, Circ, and ... Leno? By Jennifer Saba Published: October 29, 2009 12:02 PM ET NEW YORK Citing a weak ad recovery, a decline in circulation and the impact of the Jay Leno show on local TV affiliates, Wells Fargo Securities downgraded shares of Gannett Co. this morning from "market perform" to "underperform." Senior analysts John Janedis and Jaime Morris forecasted that newspaper advertising revenue at the McLean, Va.-company will f...
Break for Companies in Bailouts Fine Print
New York Times, The | 17 days 19 hours 53 minutes ago
WASHINGTON One of the federal government’s most opaque methods for bailing out the banking system allowed a handful of giant institutions to save up to $25 billion on their borrowing costs, a Congressional panel estimated on Friday.
ANA Elects Board Members
MediaPost Communications | 13 days 20 hours 1 minute ago
The Association of National Advertisers has elected 10 professionals to its board of directors. They are: Mark W. Addicks, SVP, CMO, General Mills, Inc.
Bank Insurance Brokerage Second-Quarter Income Drops Nearly 7%
National Underwriter | 33 days 11 hours 56 minutes ago
Bank holding company 2009 second-quarter insurance brokerage income fell 6.5 percent to $3.02 billion compared to 2008 second-quarter income of $3.23 billion, according to a consulting firm.
Wells Fargo reports record profits
CNNMoney.com | 33 days 10 hours 53 minutes ago
West Coast banking giant rakes in $3.2 billion in the latest quarter, nearly double what it made just a year ago.
Wells Fargo raises credit card rates
American City Business Journals | 45 days 7 hours 52 minutes ago
Wells Fargo & Co. is raising the interest rates on most of its credit cards by up to 3 percentage points before a new federal law limits such increases.
NutraCea U.S. Files for Protection Under Chapter 11 to Restructure Operations [Press Release]
PRNewswire | 12 days 18 hours 9 minutes ago
...its filing, the Company applied for Bankruptcy...facility provided by Wells Fargo Bank, N. A. The...facility with Wells Fargo Bank, N.A. NutraCea...3,575,000 to Wells Fargo Bank, N.A. under...credit facility. The Company's obligations...
15 Largest U.S. Lenders [Press Release]
PRNewswire | 110 days 16 hours 20 minutes ago
...quarter production." Wells Fargo maintained its ranking as the biggest...from the prior year's combined Wells-Wachovia originations. No...2nd-Quarter 2009 Ranking Rank Company 1. Wells Fargo 2. Bank of America 3. JPMorgan...
On the Boards
Philadelphia Inquirer, The | 42 days 20 hours 9 minutes ago
The Committee of Seventy, a nonpartisan organization fighting for clean and effective government, fair elections and a better informed citizenry in Philadelphia and the region, has elected Susanne Svizeny and Judith S.
Wells Fargo boosts rewards program
American City Business Journals | 5 days 10 hours 5 minutes ago
Wells Fargo & Co. has expanded its rewards program by adding an online shopping site that allows members to earn bonus points for purchases they make at participating online merchants.
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 |