27 Dec
John Stumpf Chairman of the Board, President, Chief Executive Officer
Howard Atkins Chief Financial Officer, Senior Executive Vice President
James Strother Executive Vice President, General Counsel
Richard Levy Executive Vice President, Controller
Julie White Executive Vice President – Human Resources
Patricia Callahan Executive Vice President – Office of Transition
David Hoyt Senior Executive Vice President – Wholesale Banking
Carrie Tolstedt Senior Executive Vice President – Community Banking
Michael Loughlin Executive Vice President, Chief Credit and Risk Officer
Kevin Rhein Executive Vice President – Card Services and Consumer Lending
David Carroll Senior Executive Vice President – Wealth Management, Brokerage and Retirement Services
Oscar Suris Executive Vice President, Head – Corporate Communications
Philip Quigley Lead Director
Directors
McCormick, Richard
Milligan, Cynthia
Engel, Susan
Rice, Donald
Runstad, Judith
Swenson, Susan
Hernandez, Enrique
Sanger, Stephen
Dean, Llyod
Moore, Nicholas
Chen, John
Baker, John
James, Donald
McDonald, Mackey
Steel, Robert
27 Dec
Wells Fargo & Company is a public company based in the United States and traded on the New York Stock Exchange (NYSE) under the stock symbol WFC. Officially the company serves as a financial holding company and a banking holding company. As of 2009 it is a +$100 billion market cap company, making it one of the largest financial institutions in the United States. Some of its largest businesses are wholesale banking and mortgage related services. It also has a large business in consumer finance. The company added a huge piece in the consumer, retail banking field with the purchase of Wachovia Corporation at the end of 2008. This makes community banking one of Wells Fargo’s largest divisions. Wells Fargo Financial, its auto loan and consumer finance division, is its smallest unit, something that is no surprise given the current economic climate.
Through the financial crisis, Wells Fargo remained a dividend earning stock, though the company cut its dividend to investors during 2009 to 5 cents per quarter, generally making the yield less than 1 percent depending on the stock price quote in 2009.
Since it began being publicly traded in 1978, the stock has return nearly 3000%. The company currently operates in 39 states and the District of Columbia, making it a near national American institution.