Financial Case Analysis
...Wells Fargo (WFC) is a diversified financial services company and one of the United States' top-40 largest private employers. Headquartered in San Francisco, Wells Fargo is decentralized so that every local Wells Fargo store is the headquarters for their customers. The vision of Wells Fargo is to satisfy all their customers' financial needs, while helping them succeed financially, Wells Fargo desires to become known as one of America's great companies and the number one financial services provider in each of their markets.
Today Wells Fargo is the only Moody's "Aaa" rated bank in the United States as well as one of the industry leaders in financial services competing in virtually every segment of the financial industry. Wells Fargo & Company (the Parent) is a financial holding company and a bank holding company. Wells Fargo is a distributor of financial service products via the Internet and other distribution channels across North America and elsewhere internationally. With 11 Executive Officers and 14 Board of Directors, Richard Kovacevich Chairman, President and CEO continues to lead the company into the 21 century by connecting to the past while focusing on the future.
The company is a $420 billion dollar financial services company providing banking, insurance, investments, mortgage and consumer finance to the United States and abroad. WFC strives to provide its customer with many distribution channels 24/7 to achieve anytime, anywhere banking. With over 6000 stores, 146,000 team members, 23 million customers and 1.7 billion common shares outstanding with a market value of $97 billion dollars, WFC is a publicly traded company with listings on the New York Stock Exchange.
The company ranks forth in assets and forth in market value of their stock as of June 30, 2004. The net income for WFC in 2003 was $6.2 billion with earnings per share of $3.69 and...
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