Wells Fargo & Company (WFC)
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John G. Stumpf, President/CEO/Director
420 Montgomery Street
San Francisco, CA 94163
US
Map it ![]()
Phone: (866) 249-3302
Fax: (626) 312-3015
Latest news from Portfolio
-
'Not Bad' is the New 'Great!'Jul 18 2008
-
Housing Head FakeMay 16 2008
-
A Subprime Freeze?Nov 30 2007
-
Rate-Cut Hopes Fuel RallyNov 28 2007
-
Wells Fargo Joins the ClubNov 28 2007
Overview
A diversified financial services company which provides retail, commercial and corporate banking services through banking stores located in 23 states.
Portfolio Articles
-
'Not Bad' is the New 'Great!'
In the financial sector, it's easy to fool investors into believing what they want to believe. It happened all week.
Jul 18 2008 -
Housing Head Fake
Starts surge, but glut remains.May 16 2008 -
A Subprime Freeze?
Paulson organizes effort to suspend rates.Nov 30 2007 -
Rate-Cut Hopes Fuel Rally
Financial shares lead market surge.Nov 28 2007 -
Wells Fargo Joins the Club
Bank says it will take a $1.4 billion hit.Nov 28 2007
News Feeds
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Sector Snap: National banks trade higher
AP
Jul 23 2008
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Ala. court rules in state's favor on tax refunds
AP
Jul 18 2008
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Wells Fargo shares dip amid loan loss concerns
AP
Jul 17 2008
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Wells Fargo profit drops, but dividend rises
AP
Jul 16 2008
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Wells Fargo leads bank shares to huge gains
Reuters
Jul 16 2008
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Wells Fargo 2Q earnings drop, revenues increase
LA
Jul 16 2008
-
Wells Fargo results ease fears, shares surge
Reuters
Jul 16 2008
-
Wells Fargo's Q2 earnings down sharply, yet better than expected
Albuquerque
Jul 16 2008
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Earnings roundup: Wells Fargo, Abbott Labs
AP
Jul 16 2008
-
Wells Fargo Q2 profit down 23% but beats estimates on record revenue
East Bay
Jul 16 2008
Portfolio Blogs
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How Jingle Mail Might Help Make Short Sales Easier
Apr 17 2008
-
The Problem of Artificially Inflated House Prices
Dec 19 2007
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Silvio Berlusconi for Citigroup CEO!
Dec 05 2007
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Mark to Make Believe Accounting
Aug 23 2007
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Do-It-Yourself Dubious Accounting
Aug 23 2007
Press Releases
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Wells Fargo Tower in Austin, Texas Acquired by AFIAA Jul-23-2008, 01:35PM EDT
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ONN Sidewinder Video Report: Wells Fargo (WFC) Sees Heavy Option Volume Jul-23-2008, 12:46PM EDT
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Wells Fargo's New Banking Stores Reducing Energy Use 20 Percent Jul-23-2008, 11:39AM EDT
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John Brackett Named Vice President, Business Banking, at First Business Bank Jul-22-2008, 03:07PM EDT
News From Around the Web
News
-
Wells Fargo reduces energy and water use in new banks
(BizJournals)Jul 23 2008 -
Are You Taking Dividends for Granted?
(Motley Fool)Jul 23 2008 -
ONN Sidewinder Video Report: Wells Fargo (WFC) Sees Heavy Option Volume
(Investors Business Daily)Jul 23 2008 -
Wells Fargo's New Banking Stores Reducing Energy Use 20 Percent
(iStockAnalyst)Jul 23 2008 -
Jul 23 2008
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Time to Bank on Wells Fargo?
(iStockAnalyst)Jul 23 2008 -
Bay Area News in Brief
(San Jose Mercury News)Jul 23 2008 -
Jul 22 2008
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Wells Fargo 2Q earnings drop, revenues increase
(BizJournals)Jul 22 2008 -
The Calm Before the Next Bank Storm
(SeekingAlpha)Jul 22 2008
Blogs
-
'Insider' expert sticks with Wells Fargo (WFC)
(Blogging Stocks)Jul 23 2008 -
Financial Dip Buyers Forget To Ask "What's Next?"
(Mish's Global Economic Trend Analysis)Jul 22 2008 -
Corporate Bond Sales Collapse
(Mish's Global Economic Trend Analysis)Jul 21 2008 -
Panic By The Fed: Anatomy of a Short-Squeeze
(Mish's Global Economic Trend Analysis)Jul 20 2008 -
Jul 19 2008
Employees
Number of Employees: 159,800
Revenue per Employee: $339,196
Top Executives
Patricia R. Callahan, Divisional Executive VP
Richard D. Levy, Controller/Executive VP
David A. Hoyt, Senior Executive VP
James M. Strother, Executive VP/General Counsel
Julie M. White, Executive VP, Divisional
Carrie L. Tolstedt, Divisional Executive VP
Mark C. Oman, Senior Executive VP
Avid Modjtabai, Executive VP, Divisional
Michael J. Loughlin, Executive VP/Other Executive Officer
Howard I. Atkins, CFO/Senior Executive VP
Board of Directors
Susan E. Engel, Director
Nicholas G. Moore, Director
Richard M. Kovacevich, Chairman of the Board/Director
Financials
Quarterly
Annual
| Income Statement | 04/2008 | 01/2008 | 10/2007 | 07/2007 |
|---|---|---|---|---|
| Sales | NA | NA | NA | NA |
| Gross Operating Profit | 13.65 Bil. | 13.96 Bil. | 7.4 Bil. | 6.82 Bil. |
| Operating Income before D & A (EBITDA) | 13.65 Bil. | 13.96 Bil. | 7.4 Bil. | 6.82 Bil. |
| Total Income Before Interest Expenses (EBIT) | 13.65 Bil. | 13.96 Bil. | 7.4 Bil. | 6.82 Bil. |
| Total Net Income | 2 Bil. | 1.36 Bil. | 2.28 Bil. | 2.28 Bil. |
| Basic EPS, Total | 0.61 | 0.41 | 0.69 | 0.68 |
| Diluted EPS, Total | 0.6 | 0.41 | 0.68 | 0.67 |
| BALANCE STATEMENT | 04/2008 | 01/2008 | 10/2007 | 07/2007 |
|---|---|---|---|---|
| Cash and Equivalents | NA | NA | NA | NA |
| Total Assets | NA | NA | NA | NA |
| Total Liabilities | NA | NA | NA | NA |
| Total Capitalization | 48.16 Bil. | 147.02 Bil. | NA | NA |
| Cash Flow | 04/2008 | 01/2008 | 10/2007 | 07/2007 |
|---|---|---|---|---|
| Net Cash From Continuing Operations | NA | NA | NA | NA |
| Net Cash From Investing Activities | NA | NA | -59.4 Bil. | -54.39 Bil. |
| Net Cash From Financing Activities | NA | NA | 52.88 Bil. | 43.15 Bil. |
| Net Change in Cash & Cash Equivalents | NA | NA | -2.83 Bil. | -2.31 Bil. |
| Income Statement | 2008 | 2007 | 2006 | 2005 |
|---|---|---|---|---|
| Sales | NA | NA | NA | NA |
| Gross Operating Profit | 53.59 Bil. | 25.03 Bil. | 19.01 Bil. | 14.59 Bil. |
| Operating Income before D & A (EBITDA) | 53.59 Bil. | 25.03 Bil. | 19.01 Bil. | 14.59 Bil. |
| Total Income Before Interest Expenses (EBIT) | 53.59 Bil. | 25.03 Bil. | 19.01 Bil. | 14.59 Bil. |
| Total Net Income | 8.06 Bil. | 8.48 Bil. | 7.67 Bil. | 7.01 Bil. |
| Basic EPS, Total | 2.41 | 2.52 | 2.28 | 2.08 |
| Diluted EPS, Total | 2.38 | 2.49 | 2.25 | 2.05 |
| BALANCE STATEMENT | 2008 | 2007 | 2006 | 2005 |
|---|---|---|---|---|
| Cash and Equivalents | NA | NA | NA | NA |
| Total Assets | NA | NA | NA | NA |
| Total Liabilities | NA | NA | NA | NA |
| Total Capitalization | 147.02 Bil. | NA | NA | NA |
| Cash Flow | 2008 | 2007 | 2006 | 2005 |
|---|---|---|---|---|
| Net Cash From Continuing Operations | NA | NA | NA | NA |
| Net Cash From Investing Activities | NA | -20.7 Bil. | -30.07 Bil. | -53.04 Bil. |
| Net Cash From Financing Activities | NA | -11.76 Bil. | 41.9 Bil. | 30.3 Bil. |
| Net Change in Cash & Cash Equivalents | NA | -369 Mil. | 2.49 Bil. | -2.64 Bil. |
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