Essay about Wells Fargo Financial Analysis - 1348 Words

Wells Fargo Financial Analysis For this project, we researched Wells Fargo?s performance in the last couple of years as a way to check on its progress to greatness. What we found was an overwhelmingly charismatic company that not only puts down its values in ink, but also strictly abides by them. Much to our surprise, a huge chunk of their thick annual report for 2002 was an honest listing of all the threatening factors that stand in the company?s way rather than its exceptional rankings in its sector. In this paper, we will focus specifically on Wells Fargo?s leadership, company culture, SWOT analysis, and financial performance analysis. We will try to link our findings to Jim Collins?s book as a way to prove that the company has†¦show more content†¦The responses to these surveys are used to analyze the management style and to see if there is any need or opportunity for further improvement. In other words, the management of Wells Fargo has already passed from good to great. Kovacevich strives to create an atmosphere of employee satisfaction and trust. It is true that he finds it profitable to maintain happy workers who execute their jobs better but we saw much more than the pure profit added to these open management ? employee relations: we saw a caring leader, humble enough to risk his authority to be undermined by critiques. Several years after Collins? book was published, the management at Wells Fargo is still approachable, humble, humane, and very charismatic. Company Culture, Values and Visions We found Wells Fargo as charismatic a company as its CEO Kovacevich is. It has preserved proudly its values for 150 years now, and anyone can look at them on their homepage (www.wellsfargo.com). Wells Fargo places its employees above their customers and above their products. An employee is what makes a service company successful. As Kovacevich says for RMA journal, ? Our ability to provide outstanding sales and services all gets down to our people ? they?re our one true sustainable competitive advantage.? On top of the values for Wells Fargo is maintaining outstandingShow MoreRelatedWells Fargo Financial Analysis Essay1139 Words   |  5 PagesIn March 1852 Henry Wells and William Fargo founded Wells, Fargo amp; Co. to serve the West. The new company offered banking (buying gold, and selling paper bank drafts as good as gold) - and express (rapid delivery of the gold and anything else valuable). Wells Fargo opened for business in the gold rush port of San Francisco, and soon Wells F argo’s agents opened offices in the other new cities and mining camps of the West. In the boom and bust economy of the 1850s, Wells Fargo earned a reputationRead MoreCareer And Company Analysis : Wells Fargo1284 Words   |  6 PagesCareer and Company Analysis We all have some skills and we are all good in different areas. For me I have always been good in math and that is what led me to choose a career in accounting. At the moment I currently work as an accounting intern and I am gaining experience in being in an office. I think it would be beneficial to further my work experience and I think a bank would be a good choice so I can learn even more skills to become a good accountant. This is why I choose Wells Fargo as my companyRead MoreEnvironmental Scan Essay1306 Words   |  6 Pages competitive advantage, value, and measurements used at Wells Fargo and Verizon wireless. Most of the supporting data are summaries from the Wells Fargo, and Verizon websites. Wells Fargo is a large financial institution with five strategic priorities: putting customers first, growing revenue, reducing expenses, living the vision and values, and connecting with communities, and stakeholders (Wells Fargo, 1999 - 2013). The Wells Fargo strategy includes cross-selling, (selling additional products)Read MoreWells Fargo As A Community Based Bank1558 Words   |  7 PagesThroughout the years Wells Fargo has made sure that they never dismissed their focus on helping customers and organizations in the real economy. All the way from checking accounts and debit cards to preserving merchandise to treasury administrations, they help customers deal with their day by day financial lives. Wells Fargo are able to help families purchase their first homes and cars. They also provide financial assets to small and large businesses across the country, which it provides an expansionRead MoreThe Banking Industry And Wells Fargo1703 Words   |  7 PagesThe banking indust ry and Wells Fargo must use analytics to better understand market segments to allow them to correctly identity which markets to enter. Without the correct capital allocation within certain markets, any financial institution can see their revenue shares dwindle thus creating a direct need for market forecasting. I can recall a town hall meeting from 2011, where John Stumpf, CEO of Wells Fargo, and several high ranking executives spoke on Wells Fargo’s ability to overcome the obstaclesRead MoreKey Relationships Between Bank of America and Wells Fargo1040 Words   |  5 PagesKey Financial Relationships: Bank of America and Wells Fargo Bank of America and Wells Fargo are separate banks, however; both of these institutions share many similarities when reporting their financial statements. The inter-relationships of the data provided in the statements seem to exemplify the correlation of accounting practices between these two banks. As large as these two banks have become, and as complex, one can see that the banks’ roots are still tied firmly to the basic accountingRead MoreBank Of Americ Market Prospect And Based On Long Term Investitors Profitability1249 Words   |  5 PagesIntroduction Analyzing all the ratios applied to the financial services industry, Wells Fargo emerges as the best company to invest in. We arrived at this conclusion through a process started from the analysis of the market prospect and based on long-term investitors’ profitability. First of all we compared all the four building blocks of the analysis making a selection and finding out that few companies were not as convenient as the others. Even though it isn t the BEST in most of these fieldsRead MoreMaster Of Science And Information Management1015 Words   |  5 PagesPricing 8 5.0 Market Analysis 10 6.0 Requirements Gathering and Analysis 11 7.0 Work Breakdown Structure (WBS) 12 8.0 Project Schedule 13 9.0 Change Management Policy 14 10.0 Communications Management Plan 15 10.1 Communications Matrix 15 11.0 Risk Management Plan 16 11.1 Risk Identification and Assessment 16 12.0 Project Completion 20 12.1 Acceptance and Sign-off 20 12.2 Project Closure 20 Appendix A: Lessons Learned (TBW) 20 References 21 2.0 Company Overview Wells Fargo was founded in 1852Read MoreWells Fargo Case Study1666 Words   |  7 PagesFraud At Financial Institutions: What Does The Wells Fargo Cases Portend For Policy In The United States?    Wells Fargo under fire after U.S. House Financial Services Committee announced they would launch an investigation into the bank.   There were allegations that employees had been covertly creating bogus accounts without customer authorization for years.   In this paper, I will provide an analysis of Wells Fargo fraudulent activity in the State of California by opening as many as 2 million fraudulentRead MoreManagement, Strategy And Marketing851 Words   |  4 Pagesdemands and works well within time-sensitive environments. Versatile strategist, target marketer, and sales support professional with focus on smart branding, reputation management and corporate compliance. Strong focus on customer experience and customer expectations in the financial industry. †¢ 18 years of strategic planning and execution of sales programs/initiatives, advertising and merchandising, customer experience, sponsorships and events in support of 172 Wells Fargo Bank branches in the