Wells Fargo&Co. (Wells Fargo) has superior geographic and business line diversity among bank holding companies in the U.S., with a wide variety of strongly performing business lines, augmenting a deep penetration of a complete line of lending products in its branch area, the western half of the U.S., with nationwide businesses in mortgage banking and consumer finance, wholesale lending, and a variety of fee-based businesses. The company achieves this with a mix of high- and low-risk assets that overall produce stable high returns for a moderate-risk profile. An extremely strong core deposit-funding base contributes to higher-than-average liquidity and lending margins. An innovator in the area of service delivery channels and customer service, the company enjoys a superior customer
