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2009 House Sponsors Richard Mary Langdon Tags: Wells Fargo View |
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Tags: Wells Fargo View |
Tags: Wells Fargo View |
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Tags: Wells Fargo View |
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in light of the 2008 Financial Crisis.
Headquartered in San Francisco, California (its bank, Wells Fargo Bank, N.A., is legally chartered in Sioux Falls, South Dakota), Wells Fargo is a result of an acquisition of California-based Wells Fargo & Co. by Minneapolis-based Norwest Corporation (Norwest) in 1998. The new company chose to keep the name Wells Fargo, to capitalize on the 150-year history of the nationally-recognized Wells Fargo name and its trademark stagecoach. After the merger, the company maintained its headquarters in San Francisco and charter in Sioux Falls.
As of 2009, Wells Fargo has 6,650 retail branches (called stores by Wells Fargo), 12,260 automated teller machines, 276,000 employees and over 48 million customers. Wells Fargo currently operates stores and ATMs under the Wells Fargo and Wachovia names. As of March 20, 2010 Wachovia Dealer Services became Wells Fargo Dealer Services. Wells Fargo Phone bank are located in the USA as well.
Wells Fargo is one of the Big Four banks (Big four banks) of the United States with Bank of America, Citigroup and JP Morgan Chase.
Company Name: Wells Fargo & Co.
Company Logo: (Image:Wells Fargo Bank.svg)
Company Type: Public (Public company) (NYSEWFC)
Slogan: "The Next Stage"
Foundation: city-stateNew York CityNew York, U.S. (United States) (March 18, 1852) (1929 by Merger with Norwest)
Birth Location: San Francisco, California, nowrap, United States
Area Served: Worldwide
Key People: John G. Stumpf ,(Chairman, President & CEO)
Industry: Banking,Financial Services
Products: Retail banking,Investment banking,Commercial banking,Mortgages,Consumer finance,Insurance,Payday advance
Revenue: profit $ (United States dollar)98.636 billion (2009)
Market Cap: profit $114.04 billion (''Feb '09'')
Equity: profit $111.786 billion (2009)
Net Income: increase $12.275 billion (2009)
Assets: loss $1.243 trillion (2009)
Num Employees: decrease 267,300 (2009)
Homepage: WellsFargo.com
Intl: yes Image:Wellsfargobankberkeley.jpgthumbrightAn older Wells Fargo branch (branch (banking)), located in Berkeley, CA Image:wellsfargohq.jpgthumbrightWells Fargo's corporate headquarters in San Francisco, CA Wells Fargo & Co. is a diversified financial services company with operations around the world. Wells Fargo is the fourth largest bank in the US by assets and the third largest bank by market cap. Wells Fargo is the second largest bank in deposits, home mortgage servicing, and debit card. In 2007 it was the only bank in the United States to be rated AAA by S&P (Standard & Poor's) , though its rating has since been lowered to AA-cite web title=S&P Downgrades Wells Fargo, U.S. Bancorp, Other Banks publisher=BusinessWeekdate=2009-06-17 url=accessdate=2009-07-29