Essay Wells Fargo

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Wells Fargo offers a wide range of financial services, claiming in its investor presentations to operate more than 80 divisions while still being able to stand for more then one thing. In addition, the company claims to be one of the most "integrated" of financial services companies. For example, instead of running a stock brokerage with separate branches and different customers, Wells Fargo stock brokers sit in retail branches, and generally only serve banking customers. (wellsfargo.com)
Despite this wide range of divisions, Wells Fargo only describes in detail three different business segments when reporting results, which are Retail Banking, which is typically your everyday banking where you have your savings, checking accounts, loan
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It's not unlikely that another company would come and take over the place of Wells Fargo as far as also dominating the financial market, because they are a lot of independent companies hoping to get the same success as Wells Fargo and they are all learning from the mistakes of other companies who succeed and failed, but also gaining a lot of knowledge from the same companies. If one is out there, it would have to be a company well established already or merging with one who is well established.
The largest Threat to the market of banking would have to be the Government with the changing of interest rates and pricing of a lot of products. If the interest rates drop then that helps the market and people go take more loans out and spend more money at the same time, but if interest rates go up as they are now, consumers tend to just save money and not spend as much, also not take out any loans. Which in the end hurts the whole market?
Opportunities
Opportunities for companies to become larger and more successful should always be a main topic, unless your mission statement is to stay local "mom and pop store", I doubt that Wells Fargo's mission statement is of that, not if net income increased 13 percent in 2004, dividends per common

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