|Bid||35.31 x 42300|
|Ask||35.35 x 21500|
|Day's Range||34.41 - 35.17|
|52 Week Range||34.26 - 50.11|
|Beta (5Y Monthly)||1.39|
|PE Ratio (TTM)||9.91|
|Forward Dividend & Yield||0.84 (2.41%)|
|Ex-Dividend Date||Jun 02, 2022|
|1y Target Est||N/A|
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Investors are becoming increasingly concerned about global growth with optimism at an all-time low, as they increase their cash holdings to the highest level in two decades, according to BoFA Securities' monthly fund manager survey. The investors, who manage just under $1 trillion in assets, are now the most underweight equities since May 2020 at net 13% underweight, from 6% overweight in the April survey. Growth expectations remain weak, BofA said, with optimism about the economic outlook falling to a record low in its survey history, the U.S. investment bank said.
The loss of the famed investor as a major shareholder might take away some of the luster and prestige that Wells Fargo once enjoyed.
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