Executive Summary



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Article II.Debt Rating Summary


We have one of the highest debt ratings of any financial services company.

WELLS FARGO & CO.

 

Dominion Bond Rating Service

Fitch Ratings

Moody's

Standard & Poor's

Ratings Outlook

Stable

Positive

Stable

Stable

Long-term Issuer Rating

AA

AA

Aa1

AA+

Short-term Issuer Rating

R-1 (middle)

F1+

P-1

A-1+

Senior Unsecured

AA

AA

Aa1

AA+

Subordinated

AA (low)

AA-

Aa2

AA

Preferred Stock

-

AA-

Aa3

AA-




WELLS FARGO BANK, NA

 

Dominion Bond Rating Service

Fitch Ratings

Moody's

Standard & Poor's

Ratings Outlook

Stable

Positive

Stable

Stable

Long-term Issuer Rating

AA (high)

AA

Aaa

AAA

Short-term Issuer Rating

R-1 (high)

F1+

P-1

A-1+

Bank Deposits

-

AA+

Aaa

-

Senior Unsecured

AA (high)

AA

Aaa

AAA

Subordinated

AA

AA-

Aa1

AA+

Bank Financial Strength Rating

-

-

A

-

 

Source: https://www.wellsfargo.com/invest_relations/debt



Appendix B

Commercial Banks Ranked by Assets

On Dec. 31, 2005. Dollars in thousands
Published July 12, 2006

Rank

 

Assets

Deposits

Full-time employees

Branches

Dec. 31, 2005

Change*

Dec. 31, 2005

Change*

1

Bank of America Charlotte

$1,082,242,862

40.30%

$686,648,523

29.60%

161,318

5,808

2

JPMorgan Chase Bank Columbus, Ohio

1,013,985,000

4.8

552,610,000

6.7

131,868

2,667

3

Citibank New York

706,497,000

1.7

485,990,000

5.9

184,489

286

4

Wachovia Bank Charlotte

472,143,000

21.1

333,780,000

22.2

78,571

3,193

5

Wells Fargo Bank Sioux Falls, S.D.

403,258,000

10.1

319,396,000

13.4

121,271

3,194

6

U.S. Bank Cincinnati

208,867,410

7.4

135,603,591

5.7

47,384

2,526

7

SunTrust Bank Atlanta

177,231,290

35.5

123,624,623

39.3

30,652

1,728

8

HSBC Bank USA Wilmington, Del.

150,679,481

9.0

95,047,625

16.9

12,052

433

9

KeyBank Cleveland

88,960,716

3.4

60,855,800

2.5

18,018

959

10

State Street Bank and Trust Co. Boston

87,888,150

-2.6

60,337,941

7.1

21,102

1

11

Bank of New York New York

85,868,000

-6.8

65,318,000

-0.3

18,742

355

12

PNC Bank Pittsburgh

82,876,683

12.3

59,417,540

12.4

15,387

833

13

Regions Bank Birmingham, Ala.

81,074,402

64.8

61,483,342

63.3

21,526

1,415

14

Branch Banking & Trust Co. Winston-Salem, N.C.

80,226,832

7.7

54,318,471

12.3

20,945

943

15

Chase Bank USA Newark, Del.

75,051,579

-15.4

24,860,779

-15.6

18,527

4

16

Countrywide Bank Alexandria, Va.

73,116,292

78.5

39,609,479

97.9

1,889

2

17

LaSalle Bank Chicago

71,060,868

11.5

42,567,578

12.8

5,002

143

18

National City Bank Cleveland

69,482,177

31.2

38,322,018

37.3

12,930

413

19

Bank of America USA Phoenix

62,982,777

41.8

72,379

1070.4

7,272

1

20

Merrill Lynch Bank USA Salt Lake City

60,367,705

-9.5

52,789,997

-4.7

1,207

3

Source: American Banker Online

Appendix C




Source for Both Above: Https://www.wellsfargo.com/pdf/invest_relations/overview/Q406InvestProfile_NC.pdf

Appendix D

2006 2005 2004 2003 2002 2001

Earnings and per share data

Net Income $8,482 $7,671 $7,014 $6,202 $5,434 $3,411

Revenue 35,691 32,949 30,059 8,389 5,249 0,981

Diluted Earnings per Common Share 2.49 2.25 2.05 1.83 1.58 .98

Dividends Declared per Common Share 1.08 1.00 0.93 0.75 0.55 0.50
Key Performance Measures

Return on Assets 1.75% 1.72% 1.71% 1.64% 1.69% 1.20%

Return on Equity 19.65% 19.59% 19.57% 19.34% 18.66% 12.69%

Net Interest Margin 4.83% 4.86% 4.89% 5.08% 5.53% 5.29%

Efficiency Ratio 58.1% 57.7% 58.5% 60.6% 58.3% 65.7%
Period-End Balances

Assets $481,996 $481,741 $427,849 $387,798 $349,197 $307,506

Loans 319,116 310,837 287,586 253,073 192,478 167,096

Core Deposits* 270,224 253,341 229,703 211,271 198,234 182,295

Stockholders’ Equity 45,876 40,660 37,866 34,469 30,319 27,175
Asset Quality Ratios

Non-Performing Loans/Total Loans 0.52% 0.43% 0.47% 0.58% 0.78% 0.98%

Allowance/Total Loans 1.24% 1.31% 1.37% 1.54% 1.98% 2.22%

Allowance/Non-Performing Loans 238% 303% 291% 267% 256% 227%

Net Charge-Offs/Average Total Loans 0.73% 0.77% 0.62% 0.81% 0.96% 1.10%
Net Income by Operating Segments

Community Banking $5,531 $5,473 $4,832 $4,299 $4,006 $2,437

Wholesale Banking 2,086 1,789 1,679 1,435 1,139 1,146

Wells Fargo Financial 865 409 617 531 289 447


Stock Price (NYSE :WFC)

4th Qtr 3rd Qtr 2nd Qtr 1st Qtr

2006 2006 2006 2006 2006 2005 2004

High $36.99 $36.89 $34.86 $32.76 $36.99 $32.35 $32.02

Low 34.90 33.36 31.90 30.31 30.31 28.81 27.16

Close 35.56 36.18 33.54 31.94 35.56 31.42 31.08


*Core deposits are noninterest-bearing deposits, interest-bearing checking, savings certificates and market rate and other savings.

CAUTIONARY NOTE ABOUT FORWARD LOOKING STATEMENTS

This document might have forward-looking statements about Wells Fargo, including descriptions of plans or objectives of management for future operations, products or services

and forecasts of future revenues, earnings and other measures of economic performance. Forward-looking statements discuss matters that are not facts, and often include the word

“believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “project,” “target,” “will,” “can,” “would,” “should,” “could” or “may.” Do not unduly rely on forward-looking statements,

as they give our expectations about the future and are not guarantees. Forward-looking statements speak only as of the date they are made, and we might not update them to reflect

changes that occur after that date. A number of factors—many beyond our control—could cause results to differ significantly from expectations. Some of these factors are described

in our Annual Report on Form 10-K for the year ended December 31, 2006.

Source: Https://www.wellsfargo.com/pdf/invest_relations/overview/Q406InvestProfile_NC.pdf

Appendix E

List of Services offered by most banks:

Banking


Online banking

Checking


e-Savings

Savings


IRAs & Rollovers

Certificates of Deposit

Overdraft Protection

Small Business Banking

Private Banking

Expatriate Banking

Investments & Insurance

Online Investing

Credit Cards

Small Business Credit Cards

Lines & Loans

Home Equity Lines & Loans

Wire Transfers

Appendix F

Percentage of revenue earned from each major service offered by Wells Fargo company.

Source: https://www.wellsfargo.com/about/today1



Appendix G

Survey Plus Information:

Survey #

Age Category

Do you own a house?

If so, do you have a home loan?

What is the APR on that loan?

What kind of other loans do you have?

How do you file your taxes?

Would you be interested in a bank offering tax help?

Would you be interested in our home loan = free tax service?

1

46-55

Yes

Yes

0.09

Car

have a friend do them

No

Yes

2

prefer not to disclose

Yes

No

0

Credit Card

do them myself

No

No

3

26-35

No

No

0.07

Car

do them myself

No

Yes

4

36-45

Yes

Yes

0.08

Car

pay for a service

Yes

Yes

5

36-45

Yes

Yes

0.06

Car

pay for a program

No

No

6

55+

Yes

No

0

none

pay for a program

No

No

7

prefer not to disclose

No

No

0.075

Car

pay for a service

No

No

8

46-55

Yes

Yes

0.05

Car

pay for a service

No

No

9

prefer not to disclose

Yes

No

0

none

do them myself

No

No

10

prefer not to disclose

Yes

No

0

none

pay for a program

No

No

11

36-45

Yes

Yes

0.07

Car

pay for a service

Yes

Yes

12

36-45

Yes

Yes

0.08

Car

do them myself

Yes

Yes

13

46-55

No

No

0

none

pay for a service

Yes

No

14

26-35

Yes

Yes

0.07

Car

pay for a program

No

Yes

15

46-55

Yes

No

0.08

Car

pay for a program

Yes

No

16

36-45

Yes

Yes

0.08

none

pay for a service

Yes

No

17

18-25

No

No

0.06

Car

pay for a program

Yes

Yes

18

18-25

No

No

0.09

Car and School

pay for a service

Yes

Yes

19

18-25

No

No

0.09

Car and School

do them myself

Yes

Yes

20

18-25

No

No

0.08

Car

have a friend do them

Yes

Yes

21

18-25

No

No

0

none

do them myself

Yes

Yes

22

46-55

Yes

Yes

0.07

none

pay for a service

Yes

Yes

23

36-45

No

No

0

none

pay for a program

Yes

No

24

36-45

Yes

Yes

0.06

none

do them myself

Yes

Yes

25

18-25

Yes

Yes

0.01

Other

do them myself

No

Yes

26

36-45

Yes

Yes

0.07

Car

pay for a program

Yes

Yes

27

55+

Yes

No

0

none

pay for a service

No

Yes

28

26-35

No

No

0

Car and School

do them myself

Yes

No

29

18-25

No

No

0

none

pay for a service

Yes

No

30

46-55

Yes

Yes

0.08

Credit Card

do them myself

No

Yes

Appendix H




Appendix I




Appendix J




Appendix K




Appendix L

APR on loans

0.09

0.07

0.08

0.06

0.075

0.05

0.07

0.08

0.07

0.08

0.08

0.06

0.09

0.09

0.08

0.07

0.06

0.01

0.07

0.08




APR on loans







Mean

0.07075

Standard Error

0.004011

Median

0.0725

Mode

0.08

Standard Deviation

0.017938

Sample Variance

0.000322

Kurtosis

6.439162

Skewness

-2.13409

Range

0.08

Minimum

0.01

Maximum

0.09

Sum

1.415

Count

20

Confidence Level(95.0%)

0.008395



>>>>>>>>>>>

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