Business Finance Project

Business Finance Project - Business Finance Project...

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Business Finance Project Evergreen Investments; Evergreen Global Dividend Opportunity Fund Declares Monthly Dividend Anonymous . . Atlanta: Mar 27, 2010 . pg. 28 Wells Fargo and Co. seems to understand its position in the market and utilizes its strength well. Wells Fargo & Company is an establishment that handles financial services with $1.2 trillion in assets. Throughout North America and various other places around the world, it offers banking, insurance, investments, mortgage and consumer finance in 11,000 stores. Also, it conducts business through Wells Fargo & Company carries out its investment management business though About Evergreen Investments Evergreen Investments. This branch serves more than four million individuals and investors through different products. Recently, the Evergreen Investments announced the dividend declaration for Evergreen Global Dividend Opportunity Fund. Evergreen Global Dividend Opportunity Fund is a closed-end fund which invests in a varied portfolio of common stocks of U.S. and non-U.S. companies. The objective of this Fund is to maximize their income, and the secondary objective is long- term growth of capital. The dividends are to be paid out quarterly. The fund is not offered to the public anymore. It is only offered through the secondary market with brokers/dealers. Evergreen Investments manages more than $142.9 billion in assets. Wells Fargo is definitely and if not should be on the radar of major banks and mortgage lenders. The company has about 6,600 bank branches in some 40 states and over 4,000 mortgage and consumer finance offices all over the nation. Thus, is one of the largest banks in the United States, and has the largest mortgage services. Wells Fargo owns one of the world’s largest insurance brokerage firms, Wells Fargo Insurance Services, and also plays an influential role in mutual funds and online brokerage services. Wells Fargo is constantly scanning to remain successful in this troubled economy. At the end of 2008, Wells Fargo acquired Wachovia because of its troubled mortgages threatened to bring the bank billions of dollars of losses. This acquisition allowed the company to double in size. However, Wachovia is allowed to keep its identity. Wells Fargo is creating a merger that should be completed sometime this year with Wells Fargo’s Advantage Fund with Wachovia’s Evergreen Investments. As a result, this will form a $250 billion firm. It has already combined its asset- based lending companies with the company’s Capital Finance department. This includes Wachovia Capital Finance, Wells Fargo Business Credit, Wells Fargo Foothill, and Wells Fargo Trade Capital. As a whole, this merger serves more than 2,300
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This note was uploaded on 02/24/2011 for the course FIN 3403 taught by Professor Tapley during the Spring '06 term at University of Florida.

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Business Finance Project - Business Finance Project...

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