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Bonneville Seattle is raising funds for the construction of a second Fisher House at Joint Base Lewis-McChord in Tacoma and we need your help.Wells Fargo at a glance
December 6, 2012 @ 2:09 pm
(AP) - Some facts about Wells Fargo:
_ It is the country's fourth-largest bank by assets, with roughly $1.4 trillion. That puts it behind JPMorgan Chase, Bank of America and Citigroup. It is the biggest by stock market value _ about $174 billion at Thursday's close.
_ In 2011, it earned $15 billion. It reported revenue of $81 billion, third behind JPMorgan and Bank of America.
_ Wells is the biggest player in U.S. mortgages, making roughly a third of all mortgage loans, according to Inside Mortgage Finance.
_ Of the six U.S. megabanks, Wells is the only one trading above book value. That means its value on the stock market is more than the underlying value of all its parts.
(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
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Bonneville Media encourages site users to express their opinions by posting comments. Our goal is to maintain a civil dialogue in which readers feel comfortable. At times, the comments can descend to personal attacks. Please do not engage in such behavior. We encourage your thoughtful comments which: have a positive and constructive tone, are on topic, are respectful toward others and their opinions. Bonneville reserves the right to remove comments which do not conform to these criteria.