Wells Fargo & Company

News and overview for Wells Fargo & Company

Wills Fargo swing band forced to change name by Wells Fargo
Telegraph (London) | 1 day 10 hours 36 minutes ago
A seven-strong blues/western swing band from Essex has been forced to change its name after a showdown with one of the world's leading financial institutions.


Wells Fargo Aims to Slash GHG Emissions 20 Percent
GreenerBuildings | 39 days 19 hours 8 minutes ago
Wells Fargo & Company is upping the ante on its environmental commitments by targeting a 20 percent reduction in greenhouse gas emissions by 2018, based on 2008 levels.


Snazzy ATMs start a demise
News & Observer (Raleigh, N.C.), The | 2 days 12 hours 29 minutes ago
Wachovia has started replacing its ATMs in the Triangle with next-generation machines, part of the bank's transformation under the ownership of Wells Fargo.


Wells Fargo's fund unit set for post-merger growth - MarketWatch
MarketWatch | 46 days 1 hour 49 minutes ago
Shoppers will likely be more cautious this holiday season, and retailers should throw the old rules out the window.


Comcast profit rises 22% - MarketWatch
MarketWatch | 19 days 5 hours 44 minutes ago
The results surpassed expectations "across the board," said Marci Ryvicker, cable and satellite analyst at Wells Fargo Securities, as the company gained more overall customers, digital video, broadband and telephone subscribers than experts had predicted.


Navarre gets new credit facility
Video Business Online | 10 days 19 hours 35 minutes ago
NOV. 12 | PHYSICAL: Distributor Navarre Corp. has entered into a three-year $65 million revolving credit facility with a division of Wells Fargo & Company.


Surprise suing Wells Fargo over portfolio move that lost $2 mil
Arizona Republic (Phoenix), The | 34 days 15 hours 11 minutes ago
Surprise suing Wells Fargo over portfolio move that lost $2 mil, Surprise is suing Wells Fargo for an investment that the city claims was fraudulent and that lost more than $2 million.


Wells Fargo Expands Foreign Exchange Website
Centre Daily Times (State College, Pa.) | 34 days 5 hours 53 minutes ago
SAN FRANCISCO To provide increased access to financial products and resources for U.S. travelers going abroad, Wells Fargo & Company (NYSE:WFC) has expanded its Foreign Exchange website, now allowing travelers to choose from more than 70 currencies.


Wells Fargo profit rises, loan losses too
Globe and Mail (Toronto), The | 33 days 3 hours 57 minutes ago
Company's retail banking operations, including the loan business it acquired with the purchase of Wachovia, offset rising loan losses


JP Morgan may hear break-up talk in the health debate
Financial Express (India), The | 1 day 21 hours 18 minutes ago
David Reilly Investors in the US are wondering just how far Congress will go toward breaking up big banks


Wachovia Renews 78,000 Square Feet
GlobeSt.com | 18 days 7 hours 52 minutes ago
According to a press release detailing the transaction, the lease for the space at 800 N. Magnolia Ave. was set to expire in two years. Their early renewal decision is an indicator of the market s positive view of this property and we look forward to our continued long-term relationship, stated Jim Gray, a principal of Eola Capital, who represented the building's ownership in the negotiation. Representatives from Eola Capital did not return a phone call by deadline.


Deliver the Dream honors Ray Imperial at 'Denim & Diamonds' -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 33 days 5 hours 25 minutes ago
D eliver the Dream, a South Florida-based nonprofit that organizes retreat programs for Florida and Southeastern families facing serious illness, unveiled details of their sixth annual "Denim & Diamonds" Gala. The Saturday, October 24 event, which encourages guests to pair blue jeans with black tie, begins at 6:30 p.m. at the Hilton Fort Lauderdale Marina and will feature a cocktail reception, dinner, silent and live auctions, two humanitarian awards, and dancing with music ...


Catalyst Health Solutions enters into an amended agreement with Wachovia Bank to extend its credit facility
News-Medical.Net | 40 days 13 hours 21 minutes ago
Catalyst Health Solutions, Inc. (NASDAQ:CHSI), a pharmacy benefit management (PBM) company, announced today that it has entered into an amended agreement with Wachovia Bank, N.A., a Wells Fargo Company, to extend and increase its secured revolving credit facility. The new credit facility will mature on October 9, 2012 and has been increased from $50 million to $100 million.


Bank Insurance Revenue Down Slightly In First Six Months
National Underwriter | 27 days 33 minutes ago
Insurance revenue at U.S. banks was off by $100 million in the first six months at $23.6 billion compared to $23.7 billion during the first half of 2008, a consulting firm reported.


Wells Fargo agrees to buy back $1.4B in securities
Oregonian (Portland), The | 4 days 17 hours 31 minutes ago
Wells Fargo & Co. today agreed to repay customers about $1.4 billion to settle a lawsuit and regulatory investigations alleging the company improperly marketed risky investments as safe.





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3021 Results

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