The pre-tax pre-provision profit of Wells Fargo decreased considerably between 2009 and 2023. Wells Fargo's pre-tax pre-provision profit, a figure that allows to assess the company’s ability to generate capital to cover credit losses through a credit cycle, amounted to approximately 27 billion...
Many observers today say the ultimate failure of that strategy led first to Crocker’s 1980 acquisition by London’s Midland Bank and then to its recent sale to Wells Fargo. Wells Fargo Bank is a direct descendant of the Wells Fargo stagecoach and freight-forwarding firm created in 1852 to s...