Wells Fargo & Company Authorizes Buyback of 75 Million Common Shares



    SAN FRANCISCO, Nov. 7 /CNW/ -- Wells Fargo & Company's (NYSE:   WFC) Board
of Directors today authorized the Company to acquire, from time to time, an
additional 75 million shares of the Company's common stock. The Company may
use shares acquired under this authorization to issue common stock for benefit
plans, conversion of convertible securities, acquisitions, and for other
corporate purposes.  The Company has approximately 3.3 billion shares
outstanding.
    Wells Fargo & Company is a diversified financial services company with
$549 billion in assets, providing banking, insurance, investments, mortgage
and consumer finance through almost 6,000 stores and the internet
(wellsfargo.com) across North America and internationally. Wells Fargo Bank,
N.A. is the only bank in the U.S., and one of only two banks worldwide, to
have the highest credit rating from both Moody's Investors Service, "Aaa," and
Standard & Poor's Ratings Services, "AAA."




For further information:

For further information: Media, Julia Tunis, +1-415-222-3858, or 
Investors, Emily Janowsky, +1-415-396-4496, both of Wells Fargo & Company Web
Site: http://www.wellsfargo.com/

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WELLS FARGO & COMPANY

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