Wells Fargo & Company
News and overview for Wells Fargo & Company
Wells Fargo steps up efforts to modify mortgages
The Financial Services Roundtable SmartBrief | 87 days 19 hours 42 minutes ago
Wells Fargo modified 240,000 mortgage loans through the end of July. The company said the total included 20,219 trial modification starts under the federal Home Affordable Modification Program. The company has hired 4,000 employees to increase the number of loans it modifies.
Conditions are ideal for transferring ownership of family business
Financial Planning Digest | 6 days 18 hours 42 minutes ago
...ideal time for family businesses to transfer ownership of the company within the family, according to this article. "With business...their heirs more cost-efficiently," said Joseph Fahey of Wells Fargo & Co.'s Private Bank.
Wachovia acquisition lifts Wells Fargo's Q2 earnings 81%
The Financial Services Roundtable SmartBrief | 123 days 19 hours 42 minutes ago
Wells Fargo & Co. recorded second-quarter income...53 cents a share, a year earlier. The company attributed the big jump to its acquisition...Wall Street was showing concern about Wells Fargo's mounting loan losses.
Caterpillar sales of heavy machinery appear to be stabilizing
ELFA SmartBrief | 62 days 19 hours 42 minutes ago
...August show that the market is still weak but stabilizing, the company said. In the quarter that ended Aug. 31, dealer sales of...to suggest global demand may have found a very low bottom," Wells Fargo analyst Andrew Casey said.
Roundtable representatives clean up at 25 Most Powerful Women in Banking event
The Financial Services Roundtable SmartBrief | 47 days 19 hours 42 minutes ago
...member representatives, either chief leaders of their company, or appointed by their CEO to serve as a voice for their...html" target="_blank">Carrie Tolstedt, Wells Fargo; <a href="http://www.americanbanker.com...
5 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 |
