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Wells Fargo & Company (WFC)

On Nov 24: 27.86 USD   0.00 (0.00%)  
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Wells Fargo & Company
420 Montgomery Street
San Francisco, CA 94104
Phone: 866-249-3302
Fax: 651-450-4033
Web Site: http://www.wellsfargo.com

DETAILS
Index Membership: S&P 100
S&P 500
S&P 1500 Super Comp
Sector: Financial
Industry: Money Center Banks
Employees (last reported count): 159,800

BUSINESS SUMMARY
Wells Fargo & Company, through its subsidiaries, provides banking and financial products and services in the United States. The company operates in three segments: Community Banking, Wholesale Banking, and Wells Fargo Financial. The Community Banking segment offers a suite of deposit products, such as checking accounts, savings deposits, market rate accounts, individual retirement accounts, time deposits, and debit cards. This segment's loan portfolio includes lines of credit; equity lines and loans; equipment and transportation loans, including recreational vehicle and marine; education loans; origination and purchase of residential mortgage loans; servicing of mortgage loans; and credit cards. It also provides 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 credit and debit card processing services. The Wholesale Banking segment provides commercial, corporate, and real estate banking products and services in the United States. Its products include traditional commercial loans and lines of credit, letters of credit, asset-based lending, equipment leasing, mezzanine financing, high-yield debt, international trade facilities, foreign exchange services, treasury management, investment management, institutional fixed income and equity sales, interest rate, commodity and equity risk management, online/electronic products, insurance, and investment banking services. The Wells Fargo Financial segment comprises consumer finance and auto finance operations. It also provides credit cards and lease, and other commercial financing services. As of March 24, 2007, it provided its services through approximately 6000 branches. The company was founded in 1852 and is headquartered in San Francisco, California.
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    OFFICERS
      Pay Exercised
    John G. Stumpf , 54
    Chief Exec. officer, Pres, Director and Pres of Wells Fargo Bank
    $ 6.20M $ 8.30M
    Mr. Howard I. Atkins , 57
    Chief Financial Officer, Sr. Exec. VP, Head of Investor Relations, Head of Controller's Division, Head of Treasury, Head of Corp. Devel., Head of Investment Portfolio, Head of Corp. Properties and Head of Venture Capital
    $ 3.60M $ 602.00K
    Mr. Mark C. Oman , 53
    Sr. Exec. VP and Head of Home & Consumer Fin. Group
    $ 2.75M $ 6.86M
    Mr. David A. Hoyt , 52
    Sr. Exec. VP and Head of Wholesale Banking
    $ 3.90M $ 11.62M
    Ms. Carrie L. Tolstedt , 48
    Sr. Exec. VP of Community Banking
    $ 2.85M $ 3.62M
    Dollar amounts are as of 31-Dec-06 and compensation values are for the last fiscal year ending on that date. "Pay" is salary, bonuses, etc. "Exercised" is the value of options exercised during the fiscal year.
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