FORTUNE 500 2007  
FORTUNE 500    

Wells Fargo Ranks No. 41 on the 2007 Fortune 500


NEW YORK (Fortune) -- Wells Fargo (WFC (Charts, Fortune 500)) ranks no. 41 on FORTUNE's list of America's largest corporations.

The San Francisco, CA-based company was ranked No. 46 on the 2006 list. Its 2006 revenues were up 18.7 percent from the previous year; profits were up 10.6 percent from the previous year.

Other companies in the Commercial Banks sector on this year's Fortune 500 include: Citigroup (C (Charts, Fortune 500)) ranked No. 8; Bank of America Corp. (BAC (Charts, Fortune 500)) ranked No. 9; J.P. Morgan Chase & Co. (JPM (Charts, Fortune 500)) ranked No. 11; Wachovia Corp. (WB (Charts, Fortune 500)) ranked No. 46 and U.S. Bancorp (USB (Charts, Fortune 500)) ranked No. 123.

Last year, Fortune 500 firms, which cover a large swath of the U.S. economy including 31 non-public companies, earned a record $785 billion, up 29 percent from 2005. "Put simply, American companies are enjoying the most sumptuously profitable period in the 500's 53-year history," said Shawn Tully, Fortune's editor at large. "Virtually every conceivable force, from mild labor costs to a falling dollar to soaring productivity, has favored big companies."

The Fortune 500 ranks companies based on revenues. New York boasts the most Fortune 500 firms this year with 57 companies, while Texas and California took the No. 2 and 3 spots, with 45 and 22 headquarters respectively.  Top of page

See Wells Fargo's Fortune 500 details, including financial stats and contact information.
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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.