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41. Wells Fargo
Wells Fargo
Financials: Latest Results
Rank: 41 (Previous rank: 41)
Compare tool: Wells Fargo vs. Top 10
CEO: John G. Stumpf
Address: 420 Montgomery St.
San Francisco, CA 94163
Phone: 866-878-5865
Website: www.wellsfargo.com
The nation's second-largest home lender withstood 2008 better than most of its competition and made headlines last fall when it outmaneuvered Citigroup in a fight to acquire Wachovia for $12.5 billion. CEO John Stumpf expects $5 billion of annual cost savings from the deal.

But skeptics point to Wachovia's large portfolio of adjustable-rate mortgages. To head off concerns, Stumpf raised Wells Fargo's bad loan reserves by $5.6 billion and took a $37.2 billion writedown. Still, the bank reported its first loss since 2001, losing $2.55 billion in the fourth quarter. --Jia Lynn Yang

  $ millions % change from 2007
Revenues 51,652.0 -3.6
Profits 2,655.0 -67.0
Assets 1,309,639.0
Stockholders' equity 99,084.0
Market value (3/27/2009) 66,066.9
Profits as % of  
Revenues 5.1
Assets 0.2
Stockholders' equity 2.7
Earnings per share  
2008 $ 0.70
% change from 2007 -70.6
1998-2008 annual growth rate % 1.8
Total return to investors %
2008 2.4
1998-2008 annual rate 7.1
Rank Company 500
rank
Revenues
($ millions)
1 Bank of America Corp. 11 113,106.0
2 Citigroup 12 112,372.0
3 J.P. Morgan Chase & Co. 16 101,491.0
4 Morgan Stanley 30 62,262.0
5 Goldman Sachs Group 40 53,579.0
6 Wells Fargo 41 51,652.0
7 GMAC 66 35,445.0
8 American Express 74 31,877.0
9 U.S. Bancorp 129 19,229.0
10 Capital One Financial 145 17,868.5
11 Bank of New York Mellon Corp. 156 16,355.0
12 State Street Corp. 206 12,922.0
13 SunTrust Banks 211 12,800.8
14 BB&T Corp. 260 10,404.0
15 PNC Financial Services Group 278 9,680.0
16 Regions Financial 280 9,636.6
17 Fifth Third Bancorp 302 8,554.0
18 KeyCorp 382 6,499.0
19 CIT Group 397 6,228.9
20 Northern Trust Corp. 430 5,677.9
21 M&T Bank Corp. 535 4,216.6
22 Marshall & Ilsley Corp. 550 4,025.8
23 Comerica 559 3,944.0
24 Huntington Bancshares 611 3,505.5
25 Zions Bancorp. 666 3,164.6
26 Popular 670 3,134.9
27 First Horizon National Corp. 676 3,098.0
28 Synovus Financial Corp. 823 2,292.8
Issue date: May 4, 2009
Acquired Wachovia Corp. (2007 rank: 38), Dec. 31, 2008.
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