OAKLAND, CA - JANUARY 28:  A pedestrian walks by a sign outside of a Wells Fargo bank branchJanuary 28, 2009 in Oakland, California. San Francisco based Wells Fargo & Co reported a quarterly loss of $2.55 billion, or 79 cents a share, compared to a  profit of $1.36 billion, or 41 cents a share one year ago. The loss comes after Wells Fargo purchased Wachovia Bank late last year and is the first quarterly loss since 2001. Getty Images logo Getty Images 10 months ago

OAKLAND, CA - JANUARY 28: A pedestrian walks by a sign outside of a Wells Fargo bank branchJanuary 28, 2009 in Oakland, California. San Francisco based Wells Fargo & Co reported a quarterly loss of $2.55 billion, or 79 cents a share, compared to a profit of $1.36 billion, or 41 cents a share one year ago. The loss comes after Wells Fargo purchased Wachovia Bank late last year and is the first quarterly loss since 2001.