| Business Summary | | Wells
Fargo
&
Company
is
a
diversified
financial
services
company
providing
banking,
mortgage
and
consumer
finance
through
stores,
the
Internet
and
other
distribution
channels
throughout
North
America
and
elsewhere
internationally.
Its
subsidiaries
provide
retail,
commercial
and
corporate
banking
services
through
banks
located
in
Alaska,
Arizona,
California,
Colorado,
Idaho,
Illinois,
Indiana,
Iowa,
Michigan,
Minnesota,
Montana,
Nebraska,
Nevada,
New
Mexico,
North
Dakota,
Ohio,
Oregon,
South
Dakota,
Texas,
Utah,
Washington,
Wisconsin
and
Wyoming.
Additional
financial
services
are
provided
to
customers
by
subsidiaries
engaged
in
various
businesses,
principally
wholesale
banking,
mortgage
banking,
consumer
finance,
equipment
leasing,
agricultural
finance,
commercial
finance,
securities
brokerage
and
investment
banking,
insurance
agency
services,
computer
and
data
processing
services,
trust
services,
mortgage-backed
securities
servicing
and
venture
capital
investment. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | WFC
is
a
holding
company
whose
subsidiaries
are
engaged
in
banking
and
a
variety
related
businesses.
For
the
six
months
ended
6/30/01,
total
interest
income
rose
9%
to
$9.70
billion.
Net
interest
income
after
loan
loss
provsion
rose
6%
to
$5.04
billion.
Net
income
applicable
to
Common
fell
48%
to
$1.70
billion.
Net
interest
income
reflects
increased
income
on
loans,
partially
offset
by
higher
interest
expense.
Net
income
suffered
from
losses
on
net
venture
capital. | More
from
Market Guide: Significant
Developments |
| | | | FY2000
Compensation | | Pay | Exer | |
| Richard Kovacevich, 57 Chairman,
Pres, CEO | $7.1M | -- | Leslie Biller, 53 Vice
Chairman, COO | 4.8M | $3.6M | Howard Atkins CFO,
Exec. VP | -- | -- | Stanley Stroup, 57 Exec.
VP, Gen. Counsel | -- | -- | Patricia Callahan, 47 Exec.
VP- HR | -- | -- | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.; "Exer" is the value of options excercised during the fiscal year. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|