Wells Fargo&Co. - S&P Global Ratings’ Credit Research

Wells Fargo&Co.

Wells Fargo&Co. - S&P Global Ratings’ Credit Research
Wells Fargo&Co.
Published Jul 20, 2009
8754 words — Published Jul 20, 2009
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

A leading U.S. retail banking franchise for deposits and loans Low-volatility business profile and related core earnings performance Systemic importance to U.S. banking High exposure to residential mortgage assets in weak housing markets Near-term pressure on earnings because of the weak credit cycle and higher loan losses Merger risks of Wachovia Corp. acquisition Wells Fargo&Co. should continue to weather the problems in the banking industry in better shape than many others. First-quarter 2009 earnings, at 0.98% return on adjusted assets despite heavy reserve-building, attest to the organization's earnings power and the benefits of the Wachovia merger. Preprovision earnings should remain strong thanks to both Wells' and Wachovia's strong client franchises in retail and middle-market lending. In addition to

  
Brief Excerpt:

RESEARCH Wells Fargo & Co. Publication date: 20-Jul-2009 Primary Credit Analyst: Tanya Azarchs, New York (1) 212-438-7365; tanya_azarchs@standardandpoors.com Secondary Credit Analyst: John K Bartko, C.P.A., New York (1) 212-438-7368;...

  
Report Type:

Full Report

Ticker
WFC
Issuer
Wells Fargo&Co.
GICS
Diversified Banks (40101010)
Sector
Global Issuers , Public Finance , Structured Finance
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Wells Fargo&Co." Jul 20, 2009. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Wells-Fargo-Co-734895>
  
APA:
S&P Global Ratings’ Credit Research. (). Wells Fargo&Co. Jul 20, 2009. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Wells-Fargo-Co-734895>
  
US$ 500.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.