Last fall, the lender, which had exercised caution during the housing boom, announced a writedown of $1.4 billion to liquidate home equity loans that it bought from other banks. That's no small figure, but it's not nearly as large as the hits taken by big Wall Street firms - and a sign that the bank had been relatively unscathed by the mortgage crisis. For the year, the company's profit dipped 5%.
|
Revenues |
53,593.0 |
11.7 |
Profits |
8,057.0 |
-5.0 |
Assets |
575,442.0 |
— |
Stockholders' equity |
47,628.0 |
— |
Market value (3/28/2008) |
96,769.1 |
— |
Revenues |
15.0 |
Assets |
1.4 |
Stockholders' equity |
16.9 |
2007 $ |
2.38 |
% change from 2006 |
-4.4 |
1997-2007 annual growth rate % |
10.5 |
2007 |
-12.2 |
1997-2007 annual rate |
7.4 |
4 | Wachovia Corp. | 38 | 55,528.0 | 5 | Wells Fargo | 41 | 53,593.0 | 6 | U.S. Bancorp | 122 | 20,308.0 | 7 | Capital One Financial | 130 | 18,965.5 | 8 | Bank of New York Mellon Corp. | 172 | 14,798.0 | 9 | SunTrust Banks | 193 | 13,464.6 | 10 | State Street Corp. | 225 | 11,818.0 | 11 | National City Corp. | 226 | 11,791.3 | 12 | Regions Financial | 245 | 10,753.8 | 13 | BB&T Corp. | 250 | 10,668.0 | 14 | PNC Financial Services Group | 264 | 9,956.0 | 15 | Fifth Third Bancorp | 307 | 8,494.0 | 16 | KeyCorp | 321 | 7,873.0 | 17 | Marshall & Ilsley Corp. | 425 | 5,745.2 | 18 | Northern Trust Corp. | 447 | 5,395.1 | 19 | Comerica | 501 | 4,618.0 | 20 | M&T Bank Corp. | 509 | 4,477.8 | 21 | Synovus Financial Corp. | 511 | 4,462.8 | 22 | Popular | 571 | 3,822.5 | 23 | Zions Bancorp. | 589 | 3,617.7 | 24 | Huntington Bancshares | 610 | 3,419.6 | 25 | Commerce Bancorp | 643 | 3,179.7 | 26 | First Horizon National Corp. | 650 | 3,165.9 | 27 | Colonial Bancgroup | 964 | 1,742.7 |
From the May 5, 2008 issue
|
|
See Wells Fargo in...
...Featured Companies
(1 of 1)
|