Wells Fargo 2010 Annual Report Download - page 93
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• disruptions in the capital markets and reduced investor
demand for mortgage loans;
• our ability to sell more products to our customers;
• the effect of the economic recession on the demand for our
products and services;
• the effect of the fall in stock market prices on our investment
banking business and our fee income from our brokerage,
asset and wealth management businesses;
• our election to provide support to our mutual funds for
structured credit products they may hold;
• changes in the value of our venture capital investments;
• changes in our accounting policies or in accounting
standards or in how accounting standards are to be applied
or interpreted;
• mergers, acquisitions and divestitures;
• changes in the Company’s credit ratings and changes in the
credit quality of the Company’s customers or counterparties;
• reputational damage from negative publicity, fines, penalties
and other negative consequences from regulatory violations
and legal actions;
• the loss of checking and savings account deposits to other
investments such as the stock market, and the resulting
increase in our funding costs and impact on our net interest
margin;
• fiscal and monetary policies of the FRB; and
• the other risk factors and uncertainties described under
“Risk Factors” in this Report.
In addition to the above factors, we also caution that there is
no assurance that our allowance for credit losses will be adequate
to cover future credit losses, especially if credit markets, housing
prices and unemployment do not continue to stabilize or
improve. Increases in loan charge-offs or in the allowance for
credit losses and related provision expense could materially
adversely affect our financial results and condition.
Any forward-looking statement made by us in this Report
speaks only as of the date on which it is made. Factors or events
that could cause our actual results to differ may emerge from
time to time, and it is not possible for us to predict all of them.
We undertake no obligation to publicly update any forward-
looking statement, whether as a result of new information, future
developments or otherwise, except as may be required by law.
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