![]() ![]() That’s nearly 10% of Wells Fargo’s $7.2 billion pre-tax income for Q4 2012. So how much does the business affect bottom line figures for the country’s fourth biggest bank? To put things in perspective, Norwest Equity Partners sold off Becker Underwood to Germany-based chemical firm BASF last November for a tidy sum of $1.02 billion, booking a pre-tax gain of $715 million on the deal. The two business units Norwest Equity Partners (NEP) and Norwest Venture Partners (NVP), look for suitable investment opportunities in small companies and manage capital worth $5 billion and $3.7 billion respectively. ![]() One of the lesser known businesses of Wells Fargo’s diversified business model is its private equity business – something it acquired as a part of its merger with the Norwest Bank in 1998. Wells Fargo’s Private Equity Business At A Glance See our complete analysis of Wells Fargo here We maintain a $38 price estimate for Wells Fargo’s stock, which is about 5% ahead of current market prices. What To Expect From Wells Fargo Stock In Q4?. ![]()
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