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26. Wells Fargo
Wells Fargo
Financials: Latest Results
Rank: 26 (Previous rank: 23)
CEO: John G. Stumpf
Was this company a 2011 top stock?

Wells Fargo had a somewhat mixed 2011, with revenues down 6%, but net income was up by 28% from the previous year. The increase in profits was in large part caused by the bank's more optimistic loan repayment expectations and decreased expenses. And with signs that the mortgage market might be closer to turning a corner -- or at least reaping the benefits of government assistance programs -- the bank is expecting still brighter things to come. It also doesn't hurt that some of Wells Fargo's competitors, like Bank of America, have reduced their mortgage-related activity, leaving some market share for the taking.

The San Francisco-headquartered bank also put the finishing touches on its 2009 merger with Wachovia, which it acquired for $15 billion. Up next? More acquisitions, perhaps. Wells Fargo announced in February that they will acquire BNP Paribas' North American energy loan business for an undisclosed amount.

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Key financials $ millions % change
from 2010
Revenues 87,597.0 -6.1
Profits 15,869.0 28.4
Assets 1,313,867.0
Stockholders' equity 140,241.0
Market value (3/29/2012) 178,973.8
Profits as % of  
Revenues 18.1
Assets 1.2
Stockholders' equity 11.3
Earnings per share  
2011 $ 2.82
% change from 2010 27.6
2001-2011 annual growth rate % 11.1
Total return to investors %
2011 -9.5
2001-2011 annual rate 5.5
Rank Company 500
rank
Revenues
($ millions)
1 Bank of America Corp. 13 115,074.0
2 J.P. Morgan Chase & Co. 16 110,838.0
3 Citigroup 20 102,939.0
4 Wells Fargo 26 87,597.0
5 Morgan Stanley 68 39,376.0
6 Goldman Sachs Group 80 36,793.0
7 American Express 95 32,282.0
8 U.S. Bancorp 132 21,399.0
9 Capital One Financial 148 18,525.0
10 PNC Financial Services Group 165 15,820.0
11 Bank of New York Mellon Corp. 166 15,804.0
12 Ally Financial 201 13,642.0
13 State Street Corp. 262 10,207.0
14 BB&T Corp. 267 9,998.0
15 SunTrust Banks 271 9,602.0
16 Discover Financial Services 300 8,550.3
17 Regions Financial 343 7,427.0
18 Fifth Third Bancorp 372 6,673.0
19 CIT Group 489 4,855.3
20 KeyCorp 499 4,780.0
Issue date: May 21, 2012
Galleries and more
Headquarters
MAPS
Wells Fargo
420 Montgomery St.
San Francisco, CA 94163
866-878-5865
www.wellsfargo.com
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Fortune 500+
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Rank # of Fortune 500 Companies
California 53
Texas 52
New York 50
Company Rank
Google 73
NetApp 474
NuStar Energy 377
Company 2011 $ (millions)
Exxon $41,060.0
Chevron $26,895.0
Apple $25,922.0
FAQ and methodology
Included in the survey are U.S. incorporated companies filing financial statements with a government agency. This includes private companies... More
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