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Our annual ranking of America's largest corporations

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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
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
1 Citigroup 8 159,229.0
2 Bank of America Corp. 9 119,190.0
3 J.P. Morgan Chase & Co. 12 116,353.0
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
...Top 50 Headquarters
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...What Readers Say
They speak out on Wells Fargo and other 500 companies...
 
 
 

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