Last €44.61 EUR
Change Today +0.075 / 0.17%
Volume 2.5K
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As of 3:59 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

420 Montgomery Street

San Francisco, CA 94104

United States

Phone: 866-249-3302

Fax:

interim financing arrangements for completed structures, rehabilitation loans, affordable housing loans and letters of credit, permanent loans for securitization, CRE loan servicing and real estate and mortgage brokerage services. Wealth, Brokerage and Retirement This segment provides a range of financial advisory services to clients using a planning approach to meet each client's financial needs. This segment provides affluent and high net worth clients with a range of wealth management solutions, including financial planning, private banking, credit, investment management, and fiduciary services. Abbot Downing, the company's business, provides wealth management services to ultra high net worth families and individuals, as well as endowments and foundations. Brokerage serves customers' advisory, brokerage and financial needs as part of the full-service brokerage firm in the United States. Retirement provides institutional retirement and trust services (including 401(k) and pension plan record keeping) for businesses, retail retirement solutions for individuals, and reinsurance services for the life insurance industry. Loan Portfolio As of December 31, 2013, the company’s loan portfolio included commercial loans, such as commercial and industrial, real estate mortgage, real estate construction, lease financing, and foreign loans; and consumer loans, such as real estate 1-4 family first mortgage, real estate 1-4 family junior lien mortgage, credit card, automobile, and other revolving credit and installment loans. Investment Portfolio As of December 31, 2013, the company’s investment portfolio included securities of U.S. treasury and federal agencies; securities of U.S. states and political subdivisions; mortgage-backed securities, such as federal agencies, and residential and commercial; and other debt and equity securities. Deposits As of December 31, 2013, the company’s deposits included interest-bearing checking, market rate and other savings, savings certificates, other time deposits, and deposits in foreign offices. Customers The company provides banking, insurance, investments, mortgage, and consumer and commercial finance through approximately 9,000 locations, 12,000 ATMs, and the Internet (wellsfargo.com). It has offices in 36 countries. Strategy The company’s primary strategy to increase the number of its products its customers utilize and to offer them all of the financial products that fulfill their needs. Its cross-sell strategy, diversified business model and the breadth of its geographic reach facilitate growth in both strong and weak economic cycles. Regulation and Supervision As a bank holding company, the company is subject to regulation under the Bank Holding Company Act of 1956, as amended and to inspection, examination and supervision by its primary regulator, the Board of Governors of the Federal Reserve System (Federal Reserve Board or FRB). The company is also subject to the disclosure and regulatory requirements of the Securities Act of 1933, as amended; and the Securities Exchange Act of 1934, as amended, both as administered by the Securities and Exchange (SEC). As a company with securities listed on the New York Stock Exchange (NYSE), the company is subject to the rules of the NYSE for listed companies. The company’s subsidiary national banks, and their subsidiaries, are subject to regulation and examination primarily by the Office of the Comptroller of the Currency (OCC) and also by the Federal Deposit Insurance Corporation (FDIC), the FRB, the Consumer Financial Protection Bureau (CFPB), the SEC, and the Commodities Futures Trading Commission (CFTC). The company’s state-chartered bank is subject to primary federal regulation and examination by the FDIC, and in addition, is regulated and examined by its state banking department. Majority of the company’s nonbank subsidiaries are also subject to regulation by the FRB and other applicable federal and state agencies. Its insurance subsidiaries are subject to regulation by applicable state insurance regulatory agencies, as well as the FRB. Its brokerage subsidiaries are regulated by the SEC, the Fina

 

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Industry Analysis

NWT

Industry Average

Valuation NWT Industry Range
Price/Earnings 13.5x
Price/Sales 3.5x
Price/Book 1.7x
Price/Cash Flow 12.5x
TEV/Sales NM Not Meaningful
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