Wells Fargo & Company
News and overview for Wells Fargo & Company
Wells Fargo Named Best Consumer Internet Bank in North America by Global Finance Magazine [Press Release]
Business Wire | 2 days 19 hours 28 minutes ago
Wells Fargo & Company (NYSE:WFC) was named Best Consumer Internet Bank in North America by Global Finance magazine at the annual awards ceremony last night in New York. The bank also received awards for:
Wells Fargo is America s #1 Small Business Lender According to Government Data [Press Release]
Business Wire | 3 days 18 minutes ago
Wells Fargo & Company (NYSE:WFC) today announced it is the #1 Small Business Administration (SBA) 7(a) lender in dollars and the #2 lender in units. Figures for the federal fiscal year, which ended September 30, 2009, show Wells Fargo, together with Wachovia, extended 2,347 SBA-guaranteed loans totaling $827 million in financing to small businesses. Wells Fargo is the #1 SBA lender in both dollars and units in six states: Alaska, Arizona, California, Colorado, Nevada and Texas.
Wells Fargo Insurance Services Names Todd Wartchow Senior Finance Officer [Press Release]
Business Wire | 4 days 18 hours 18 minutes ago
Wells Fargo Insurance Services has named veteran Wells Fargo executive Todd Wartchow as senior finance officer.
Wells Fargo Expands Commercial Banking in Anaheim [Press Release]
Business Wire | 19 days 22 hours 18 minutes ago
Wells Fargo & Company (NYSE:WFC) has opened a Regional Commercial Banking Office (RCBO) here to serve companies in the industrial corridor between Orange and Los Angeles counties, including Anaheim, Brea, Fullerton, and Santa Fe Springs.
Wells Fargo Acquires Sierra Self Insurance Services [Press Release]
Business Wire | 19 days 15 hours 15 minutes ago
Wells Fargo Insurance Services, Inc. – part of Wells Fargo & Company (NYSE:WFC) - said today it has acquired Sierra Self Insurance Services, LLC. Sierra Self Insurance Services is a single office, a retail insurance broker in Grass Valley, California, northwest of Sacramento. The acquisition closed on October 1, 2009; terms of the transaction were not disclosed.
National Urban League and Wells Fargo Launch National Initiative to Address Pressing Needs in the African American Community [Press Release]
Business Wire | 2 days 19 hours 52 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 Public Finance Hires Three Veteran Bankers [Press Release]
Business Wire | 16 days 20 hours 19 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.
Latest Wells Fargo Survey: Expectations for Increased Revenues Improve Small Business Owner Optimism [Press Release]
Business Wire | 5 days 18 minutes 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.
Workers Failing to Save Enough for Expected Retirement Lifestyle, Wells Fargo Study Finds [Press Release]
Business Wire | 3 days 17 minutes ago
When it comes to their retirement, America’s 50-somethings seem to be in a state of denial. Although the recent economic downturn has forced pre-retirees ages 50 to 59 to consider working years longer than they had hoped, their current rate of savings is unlikely to fund the retirement lifestyles they expect, according to fifth annual Retirement Fitness Survey from Wells Fargo & Company (NYSE:WFC).
Fitch Rates Wells Fargo Stage Trust, Series 2009-77C Floater & Residual Certificates [Press Release]
Business Wire | 2 days 20 hours 15 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 2009-77C.
Fitch Rates Wells Fargo Stage Trust, Series 2009-76C Floater & Residual Certificates [Press Release]
Business Wire | 2 days 19 hours 58 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 2009-76C.
Wells Fargo Overtime Lawsuit: Federal Court Certifies Nationwide Class Of Wells Fargo Technical Support Workers Seeking Overtime Pay [Press Release]
Business Wire | 11 days 18 hours 33 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 | 5 days 18 hours 27 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.
Wells Fargo Aims to Reduce Its U.S. Based Greenhouse Gas Emissions by 20 Percent [Press Release]
Business Wire | 24 days 23 hours 6 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 | 27 days 1 hour 17 minutes 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.
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 |
