Last Updated: Dec 14 2010 - Silobreaker

Fact Sheet for Wells Fargo & Company

Name: Wells Fargo & Company
Nationality: United States
Contact Address: 420 Montgomery Street San Francisco   CA   94163 P: +1866.2493302
General: Wells Fargo & Company is a diversified financial services company. The Company provides retail, commercial and corporate banking services through banking stores located in 39 states and the District of Columbia. It provides other financial services, through subsidiaries engaged in various businesses, principally wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, insurance agency and brokerage services, computer and data processing services, trust services, investment advisory services, mortgage-backed securities servicing and venture capital investment. The Company operates in three segments: Community Banking, Wholesale Banking, and Wealth, Brokerage and Retirement. As of December 31, 2009, the Company provided banking, insurance, investments, mortgage and consumer finance from more than 10,000 stores under various types of ownership and leasehold agreements.   In April 2010, the Company announces that Wells Fargo Bank, N.A. has completed its acquisition of the North American factoring portfolio of the Commercial Services Division of GMAC Commercial Finance. In July 2010, Wells Fargo & Co. announced the restructuring of its Wells Fargo Financial division, including closing its 638 Wells Fargo Financial stores across the United States and exiting the origination of non-prime portfolio mortgage loans. The remaining consumer and commercial loan products offered through Wells Fargo Financial will be realigned with those offered by other Wells Fargo business units and will be available through Wells Fargo's network of community banking and home mortgage stores.   Community Banking   Community Banking offers a line of diversified financial products and services for consumers and small businesses, including investment, insurance and trust services in 39 states and District of Columbia, and mortgage and home equity loans in all 50 states and District of Columbia. Community Banking includes Wells Fargo Financial. Community Banking also offers investment management and other services to retail customers and securities brokerage through affiliates. These products and services include the Wells Fargo Advantage Funds, a family of mutual funds. Loan products include lines of credit, equity lines and loans, equipment and transportation (recreational vehicle and marine) loans, education loans, origination and purchase of residential mortgage loans and servicing of mortgage loans and credit cards. Other credit products and financial services available to small businesses and their owners include receivables and inventory financing, equipment leases, real estate financing, small business administration financing, venture capital financing, cash management, payroll services, retirement plans, health savings accounts and merchant payment processing. Consumer and business deposit products include checking accounts, savings deposits, market rate accounts, individual retirement accounts, time deposits and debit cards.   Community Banking serves customers through a range of channels, including traditional banking stores, in-store banking centers, business centers, automated teller machines (ATMs), and Wells Fargo Customer Connection, a 24 hours a day, seven days a week telephone service. Online banking services include single sign-on to online banking, bill pay and brokerage, as well as online banking for small business. Community Banking also includes Wells Fargo Financial consumer finance and auto finance operations. Consumer finance operations make real estate loans to individuals in the United States and the Pacific Rim, and also make direct consumer loans to individuals and purchase sales finance contracts from retail merchants from offices throughout the United States, and in Canada and the Pacific Rim. Auto finance operations specialize in purchasing sales finance contracts directly from auto dealers in Puerto Rico and making loans secured by autos in the United States and Puerto Rico. Wells Fargo Financial also provides credit cards, lease and other commercial financing.   Wholesale Banking   Wholesale Banking provides a line of commercial, corporate, capital markets, cash management and real estate banking products and services. These include traditional commercial loans and lines of credit, letters of credit, asset-based lending, equipment leasing, mezzanine financing, high-yield debt, international trade facilities, trade financing, collection services, foreign exchange services, treasury management, investment management, institutional fixed-income sales, interest rate, commodity and equity risk management, online/electronic products, such as the commercial electronic office (COO) portal, insurance, corporate trust fiduciary and agency services, and investment banking services....

Compilation by Silobreaker
Although Silobreaker has relied on what it regards as reliable sources while compiling the content herein, Silobreaker cannot guarantee the accuracy, completeness, integrity or quality of such content and no responsibility is accepted by Silobreaker in respect of such content. Readers must determine for themselves what reliance they should place on the compiled content herein.

Related Stories

First reported 9 hours ago - Updated 1 hour ago - 2 reports

Brookfield Residential Properties Downgraded by Wells Fargo & Co. to Market Perform (BRP)

Brookfield Residential Properties (NYSE:BRP)Shares of Brookfield Residential Properties (NYSE:BRP) traded down 0.90% on Friday, hitting $23.18. The stock had a trading volume of 1,218,605 shares. Brookfield Residential Properties has a one year low of ... [Published American Banking News - 1 hour ago]
First reported 13 hours ago - Updated 11 hours ago - 3 reports

Is refinancing your mortgage worth it?

The interest rate pendulum has swung in favor of homeowners again.A steady decline in recent weeks brought down the average rate for a 30-year fixed home loan below 4 percent to 3.92 percent this week, the lowest level in more than a year. As recently ... [Published Imperial Valley Press - 11 hours ago]
First reported Oct 23 2014 - Updated 12 hours ago - 3 reports

How New Mortgage Rules Will Spur Home Loans Across The Country

Bidness Etc discusses whether the new mortgage rules, which come into effect next year, will lead to increased home loans across the USPage 1 of 2Published: October 24, 2014 at 4:53 pm EST By: Troy Kuhn Click Ticker to See live coverageRegulators are ... [Published Bidness Etc - 12 hours ago]
First reported Oct 23 2014 - Updated 16 hours ago - 2 reports

Retiring Wells Fargo leader, Laura Schulte, reflects on challenging times in Charlotte’s banking sector

Long before Laura Schulte was running Wells Fargo's Eastern U.S. community bank operations, she was trying to get a job as a teller for a predecessor bank. Schulte, 17 at the time, said she applied for a teller position with U.S. National Bank in her ... [Published Charlotte Observer - 16 hours ago]
First reported Oct 23 2014 - Updated 16 hours ago - 4 reports

When should you refinance your home mortgage?

With mortgage rates dropping for the fifth week in a row, and hitting 72-week lows, many homeowners are refinancing to lower their monthly payments. Rates are currently at the lowest levels this year, though experts are unsure how long they can last at ... [Published Realty Times - 16 hours ago]
First reported Oct 24 2014 - Updated 18 hours ago - 4 reports

Company Update (NYSE:WFC): Wells Fargo CEO defends bank’s pay model

at 08:53 AM EDT [at MarketWatch] – Wells Fargo Chief Executive John Stumpf discusses his bank’s pay structure at a company town-hall meeting, after an employee emails him and others at the lender about getting a raise. . . . → Read More: Company Update ... [Published - 18 hours ago]
First reported Oct 23 2014 - Updated 23 hours ago - 6 reports

Mortgage market cooling, bankers’ association says

High street lending figures out today suggest the mortgage market is cooling, with house purchase approvals for September 10 per cent down on a year ago.Equity release and remortgaging approvals have also fallen, the British Bankers’ Association (BBA)’s  ... [Published What Mortgage - 23 hours ago]
First reported Oct 23 2014 - Updated Oct 23 2014 - 3 reports

Poll: Some would rather die early than retire poor

New survey results from Wells Fargo & Co. paint a gloomy outlook for retirement readiness, particularly for those 50 or older,  the San Francisco Business Journal reported.The median amount of retirement savings in 401(k) plans, Individual Retirement ... [Published Des Moines Business Record - Oct 23 2014]
First reported Oct 23 2014 - Updated Oct 23 2014 - 6 reports

Mortgage firm fattens up with Oregon acquisition

Guild Mortgage Co., a San Diego mortgage banking company that generated more than $7 billion in loans last year, has acquired the Portland area's largest purchase mortgage lender.The acquisition of Northwest Mortgage Groupgives Guild NMG's eight Oregon ... [Published Portland Business Journal - Oct 23 2014]
First reported Oct 23 2014 - Updated Oct 23 2014 - 13 reports

Mortgage rates sink again

The lowest mortgage rates of the year sank a bit lower this week, with Freddie Mac reporting that lenders were offering 30-year fixed loans at an average of 3.92 percent,Click to Continue » ... [Published Macon Telegraph - Oct 23 2014]
Entities: Mortgages, Freddie Mac
First reported Oct 23 2014 - Updated Oct 23 2014 - 2 reports

Wells Fargo (WFC) Approaches New Upside Target of $50.88

Written on Thu, 10/23/2014 - 10:39amBy James QuinnShares of Wells Fargo ( NYSE:WFC ) opened today above their pivot of $50.33 and have already reached the first level of resistance at $50.53. Analysts will be watching for a cross of the next upside pivot ... [Published Comtex SmarTrend - Oct 23 2014]
First reported Oct 23 2014 - Updated Oct 23 2014 - 11 reports

Mortgage lending still rising

By Jonathan DaviesMortgage lending in September was 7% higher than in the same month last year, according to the British Bankers Association (BBA).The BBA said buyers borrowed £10.6bn in September, down slightly on the £11bn borrowed in August.It adds ... [Published Fresh Business Thinking - Oct 23 2014]


sort by: Date | Relevance
Wells Fargo CEO Shares Company Role in Communit... [Published theCSRfeed - Aug 28 2014]
SOURCE: Wells Fargo & Company DESCRIPTION: In this interview , Wells Fargo CEO, John Stumpf speaks with Mindy Lubber, president of Ceres, a nonprofit advocating for sustainable business practices. Mindy and John discuss Wells Fargo’s role in rebuilding ...
Wells Fargo (WFC) continues to boost mortgage b... [Published - Sep 19 2014]
Wells Fargo & Company (WFC) has taken yet another step to drive up mortgage originations. The Wall Street banking giant, being one of the largest originators of home loans in the U.S., is loosening lending requirements for people purchasing certain types ...
5 charts show how Wells Fargo plans to grow its... [Published Housing Wire - May 20 2014]
While other banks have been shedding – voluntarily or involuntarily – their mortgage business, Wells Fargo plans to grow it, according to the bank’s investor day presentation. ...
Wells Fargo earnings [Published FOX Business - Video - Jul 11 2014]
FBN’s Cheryl Casone on Wells Fargo’s 2Q earnings, which matched estimates. ...
Wells Fargo Offers Financial Education Webinars... [Published theCSRfeed - Aug 27 2014]
Free online sessions Aug. 26-28 focus on homebuying, credit, money management SOURCE: Wells Fargo & Company DESCRIPTION: DES MOINES, Iowa, August 27, 2014 /3BL Media/ - As part of a commitment to serve military members, veterans and their families, ...
1 2 3 4 5 6 7 8 9 10 ...


sort by: Date | Relevance
Wells Fargo snaps earnings streak [Published Reuters Video: Business - Jul 11 2014]
Wells Fargo expands credit card strategy [Published Reuters Video: Business - May 06 2014]
Stocks look to rebound; Wells Fargo reports [Published MarketWatch Morning Stock Talk - Jul 11 2014]
Big spender? Wells Fargo wants you [Published Reuters Video: Business - May 06 2014]
Breakingviews: Wells Fargo's big problem [Published Reuters Video: Business - Jul 11 2014]
1 2 3 4 5 6 7 8 9 10 ...

Press Releases

sort by: Date | Relevance
Earnings Briefing - Wells Fargo [Published Financial Services - Oct 16 2014]
Wells Fargo Shares Employees' Expertise with No... [Published Financial Services - Aug 05 2014]
The Cooper Companies to Present at Wells Fargo ... [Published GlobeNewswire: Acquisitions News - Jun 13 2014]
Stock Building Supply to Present at Wells Fargo... [Published GlobeNewswire: Acquisitions News - May 01 2014]
GOBankingRates Reveals Why Many People Are Wron... [Published Financial Services - Jul 08 2014]
1 2 3 4 5 6 7 8 9 10 ...
Contact Us

Freebase CC-BY Some image thumbnails are sourced from Freebase, licensed under CC-BY

Copyright (C) 2014 Silobreaker Ltd. All rights reserved.
The selection and placement of stories and images on any Silobreaker page are determined automatically by a computer program.
The time or date displayed reflects when an article was added to or updated in Silobreaker.