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EXHIBIT 99.2
CONSENT OF J.P. MORGAN SECURITIES INC.
We hereby consent to (i) the use of our opinion letter to the Board of
Directors of First Security Corporation (the "Company") included as Appendix C
to the Proxy Statement-Prospectus which forms a part of the Registration
Statement on Form S-4 relating to the proposed merger of the Company and Wells
Fargo & Company and (ii) the references to such opinion in such Proxy
Statement-Prospectus. In giving such consent, we do not admit that we come
within the category of persons whose consent is required under Section 7 of the
Securities Act of 1933, as amended, or the rules and regulations of the
Securities and Exchange Commission thereunder, nor do we hereby admit that we
are experts with respect to any part of such Registration Statement within the
meaning of the term "experts" as used in the Securities Act of 1933, as amended,
or the rules and regulations of the Securities and Exchange Commission
thereunder.
/s/ J.P. MORGAN SECURITIES INC.
June 20, 2000
MD CEN 106121
