Wells Fargo
 Get Quote: WFC
Financials: Latest Results
Top 50 rank: 14
Rank in Megabanks: 4 (Previous rank: 3*) Overall score: 6.38 Why it's admired Wells Fargo earned its reputation as a strong, Western U.S.-focused retail bank, shunning costly acquisitions and Wall Street. The San Francisco-based financial services company is now a national player - the nation's fourth largest with $1.3 trillion in assets - after buying troubled rival Wachovia in Oct.But its stock slid nearly 70% since September and bad Wachovia loans led to a $2.73 billion fourth-quarter loss. After taking $25 billion in government aid, the bank drew fire for sponsoring golf tournaments and was pressured into canceling a Las Vegas business meeting critics considered an employee casino junket. Still, CEO John Stumpf hopes to continue the cautious, regional mentality that Wells Fargo is admired for - it's what they know best. -L.D. | ||||||||||||||||||||||
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