Wells Fargo Bank
1. Wells Fargos stock before the recession in 2008 was around 12.6 billion dollars
2. The stock went down to 12.25 billion after the recession began in 2008
3. Yes, wells fargo also recieved T.A.R.P funds (25 billion in funds)
4. the companys revenue and profit before the crash was 89 billion and the declined down to 85 billion in 2010. However, wells fargo was able to bring it total income back to 12.4 billion from its once before 12.3 billion.
5. Wells fargo did not experience high rates of default in the subprime mortgage lending because mortgages are predominately prime and near-prime.
6. In my opinion it seems like wells fargo did pretty well in handling themselves throughout this whole financial crisis, and if there was any loss of money or setbacks they managed to bring back income fast (within a year). Also, they were involved in any crazy schemes from what i researched.
I like what you said about Wells Fargo. Who know what may happen in the future. There are so many banks that deline and rise back up and its unknow what else Wells Fargo may bring to the table. Wells Fargo may have many shares and in my opinion could provide a better aspect in financial institution for thir customers.
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