- Rank29
- Previous Rank25
- CEOJohn G. Stumpf
- Address420 Montgomery St., San Francisco, CA 94163
- Websitewww.wellsfargo.com
Strong loan and deposit growth led to increased profits for Wells Fargo in 2013 — to the tune of $21.9 billion, up 16% from $18.9 billion the previous year. The banking behemoth had nearly $826 billion in loans on the books at the end of the year, compared with nearly $800 billion at the end of 2012. In 2014, the company is looking to strengthen its dominant mortgage lending business by lowering the minimum credit score for residential mortgages. It also wants to build up its relatively weak credit card business by launching two new credit card products aimed at big spenders.
Key Financials
| $ Millions | % change | |
|---|---|---|
| Revenues | 88,069 | -3.5 |
| Profits | 21878 | 15.8 |
| Total Assets | 1,527,015 | - |
| Total Shareholder Equity | 170,142 | - |
| Market Value (on March 31, 2014) | 261,217 | - |
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Profit as a % of
| Sales | 24.8 |
| Assets | 1.4 |
| Stockholders' Equity | 12.9 |
Earnings Per Share
| Earnings Per Share ($) | 3.89 |
| EPS % Change (from 2012) | 15.8 |
| EPS % Change (5 year) | 40.9 |
| EPS % Change (10 year) | 7.9 |
Total Return to Investors
| Total Return to Investors | 36.7 |
| Total Return to Investors (5 year, annualized) | 11.6 |
| Total Return to Investors (10 year, annualized) | 7.6 |