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23. Wells Fargo
Wells Fargo
Financials: Latest Results
Rank: 23 (Previous rank: 19)
CEO: John G. Stumpf
Compare tool: Wells Fargo vs. Top 10
After passing the Fed's stress test in March, Wells Fargo set about appeasing shareholders -- especially the bank's largest, Warren Buffett, who increased his position by 10% over the past year. CEO John Stumpf quickly raised dividends and approved a stock repurchase plan to buy back an additional 200 million shares.

And with its $15 billion acquisition of Wachovia mostly digested, the nation's largest home lender is once again focusing on its core business: extending credit. In the fourth quarter alone, the bank supplied $210 billion in new loans to businesses and consumers. --P.N.

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Key financials $ millions % change
from 2009
Revenues 93,249.0 -5.5
Profits 12,362.0 0.7
Assets 1,258,128.0
Stockholders' equity 126,408.0
Market value (3/25/2011) 168,630.3
Profits as % of  
Revenues 13.3
Assets 1.0
Stockholders' equity 9.8
Earnings per share  
2010 $ 2.21
% change from 2009 26.3
2000-2010 annual growth rate % 6.6
Total return to investors %
2010 15.7
2000-2010 annual rate 4.2
Rank Company 500
rank
Revenues
($ millions)
1 Bank of America Corp. 9 134,194.0
2 J.P. Morgan Chase & Co. 13 115,475.0
3 Citigroup 14 111,055.0
4 Wells Fargo 23 93,249.0
5 Goldman Sachs Group 54 45,967.0
6 Morgan Stanley 63 39,320.0
7 American Express 91 30,242.0
8 U.S. Bancorp 126 20,518.0
9 Capital One Financial 134 19,067.0
10 Ally Financial 149 17,373.0
11 PNC Financial Services Group 151 17,096.0
12 Bank of New York Mellon Corp. 165 14,929.0
13 BB&T Corp. 220 11,072.0
14 SunTrust Banks 244 10,071.7
15 State Street Corp. 253 9,716.0
16 Discover Financial Services 291 8,241.2
17 Regions Financial 293 8,220.0
18 Fifth Third Bancorp 326 7,218.0
19 CIT Group 364 6,362.5
20 KeyCorp 417 5,458.0
Issue date: May 23, 2011
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Galleries and more
Headquarters
MAPS
Wells Fargo
420 Montgomery St.
San Francisco, CA 94163
866-878-5865
www.wellsfargo.com
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Rank # of Fortune 500 Companies
New York 57
California 53
Texas 51
Company Rank
Microsoft 38
Goldman Sachs 54
Intel 56
Company 2010 $ (millions)
Exxon Mobil $30,460.0
AT&T $19,864.0
Chevron $19,024.0
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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