Wells Fargo 2006 Annual Report Download - page 4

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2
Among Our Achievements:
• Diluted earnings per share, a record $2.49, up 11 percent.
• Net income, a record $8.5 billion, up 11 percent.
• Revenue, a record $35.7 billion—the most important measure
of success in our industry—rose 8 percent, up 12 percent in
businesses other than Wells Fargo Home Mortgage.
• The quarterly cash dividend on our common stock increased
almost 8 percent to 28 cents a share—the 19th consecutive
year our dividend has increased and 13th-largest dividend
payout of any U.S. public company. Since 1989, our dividend
has increased at a compound annual growth rate of 15 percent.
• Return on equity—19.65 percent (after-tax profit for every
shareholder dollar)—and return on assets of 1.75 percent
(after-tax profit for every $100 of assets).
• Our stock split two for one—our company’s eighth stock
split in 47 years.
• Our stock price reached a record-high close of $36.81 on
October 18, 2006.
• Total return on our stock this year, including reinvested
dividends, was 17 percent, exceeding the S&P 500®—
and the total market value of our company rose 14 percent
to $120 billion.
Again this year, our talented team—158,000 strong and pulling
together for our customers—achieved outstanding results, among
the best not just in financial services but all industries.
To Our Owners,
Richard M. Kovacevich, Chairman and CEO (right);
John G. Stumpf, President and COO