WFC - Wells Fargo & Company

NYSE - NYSE Delayed Price. Currency in USD
54.90
+0.23 (+0.42%)
At close: 4:01PM EDT
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Previous Close54.67
Open54.60
Bid54.61 x 2900
Ask0.00 x 3100
Day's Range54.53 - 54.99
52 Week Range49.27 - 66.31
Volume17,741,852
Avg. Volume20,110,098
Market Cap267.521B
Beta1.24
PE Ratio (TTM)13.11
EPS (TTM)4.19
Earnings DateJul 13, 2018
Forward Dividend & Yield1.56 (2.85%)
Ex-Dividend Date2018-05-03
1y Target Est60.80
Trade prices are not sourced from all markets
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  • Dodd-Frank roll back to ease rules on some banks
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  • InvestorPlace21 hours ago

    Wells Fargo & Co Stock Is a Rough Diamond — Go Long

    Year-to-date, Wells Fargo & Co (NYSE:WFC) stock is lagging the group, down 10% while other bank stocks like Bank of America Corp (NYSE:BAC) and JPMorgan Chase & Co. (NYSE:JPM) are 10 points better off. WFC stock so far has been able to withstand selling pressure from tremendous market-wide fears, its own inflammatory headlines and tremendous global volatility, and has remained in line with price expectations.

  • Wells Fargo Stock Delivering Payout Yields amid Weak Performance
    Market Realist22 hours ago

    Wells Fargo Stock Delivering Payout Yields amid Weak Performance

    Wells Fargo (WFC) has delivered stable profitability since the beginning of 2017 helped by rates and lower taxes in 2018. The bank has maintained high dividend yields and repurchases in order to boost return on equity (or RoE). It has relatively high capital adequacy ratios and has passed recent stress tests. However, a further hike in payouts will depend on its growth in operating performance. Amid rising rates and lower taxes, credit offtake has been weaker.

  • How Monetary Policy and the Yield Curve Are Shaping Up in 2018
    Market Realist23 hours ago

    How Monetary Policy and the Yield Curve Are Shaping Up in 2018

    The Federal Reserve is expected to increase the Fed funds rate two more times in 2018. The yield curve is flattening, indicating a smaller difference between short-term and long-term interest rates. This has happened because the Fed has pushed for higher short-term rates with no major uptick in long-term rates. A flattening yield curve is a cause for concern, as it indicates weaker expectations from long-term equity and debt assets.

  • How Trump Administration Policies Are Driving Wells Fargo’s Results
    Market Realistyesterday

    How Trump Administration Policies Are Driving Wells Fargo’s Results

    The Trump administration is pushing for policy changes on multiple fronts like tax cuts, trade wars, a push for domestic manufacturing, changes in the Dodd-Frank Act, and immigration policies. Overall, the policies are directed towards improving manufacturing growth and improving operating cash flows for companies in the US. Banks (XLF) with a major domestic presence including Wells Fargo (WFC) and JPMorgan (JPM) are expected to benefit from these policies due to a boost to credit growth.

  • How Rate Hikes Are Affecting Wells Fargo
    Market Realist2 days ago

    How Rate Hikes Are Affecting Wells Fargo

    Wells Fargo (WFC) benefited alongside other bankers from rising rates, which resulted in better rate spreads for existing loan books. The bank continues to command the highest net interest margins (or NIMs) among peers (XLF). However, rate hikes going forward aren’t expected to boost margins, and will instead put pressure on further lending due to higher interest rates.

  • Wells Fargo Stock Sees Impact of Weaker Retail Lending
    Market Realist2 days ago

    Wells Fargo Stock Sees Impact of Weaker Retail Lending

    Wells Fargo Stock Has Been Weak amid Controversy: Can It Recover? Wells Fargo (WFC) continues to see a contraction in its loan book in recent quarters mainly due to strict underwriting guidelines and repayments from existing clientele. Overall banks (XLF) are facing difficulty in expanding their loan books amid rising interest rates, which has pushed corporates to reduce leverage.

  • Forbes2 days ago

    Wells Fargo Exposing Itself To Potential Losses For Near-Term Gains By Expanding Auto Business

    Wells Fargo is looking to grow its auto lending business again, after spending the last two years shrinking the unit. Wells Fargo slashed its auto loan portfolio over 2016-2017 primarily due to a sharp increase in charge-off rates from an increase in sub-prime auto lending. The U.S. banking giant continued to divest its auto loans early this year with the sale of its auto finance business in Puerto Rico (Reliable Financial Services) to Banco Popular de Puerto Rico.

  • Investopedia2 days ago

    Bank Reform Bill to Boost Mortgage Availability: NAR

    The bank reform bill aimed at rolling back regulations from the Dodd-Frank, Wall Street Reform and Consumer Protection Act has won the support of the National Association of Realtors (NAR), which said that it will bring much-needed relief to the banking market and increase the availability of mortgages. With President Donald Trump repeatedly expressing animosity toward the Dodd-Frank Act, it's likely that the new bill will become law when it lands on his desk. After all, once the bill becomes law, smaller banks will be able to lend more – and that includes mortgages.

  • Wells Fargo Stock Has Been Weak amid Controversy: Can It Recover?
    Market Realist2 days ago

    Wells Fargo Stock Has Been Weak amid Controversy: Can It Recover?

    Wells Fargo (WFC) has had a flat operating performance over the past six quarters compared to the stellar performances by its industry peers (XLF) mainly due to controversies involving the fake account opening scam and the latest news about the alteration of internal records. The bank is finding it difficult to shore up its loan book amid such controversies, and its efforts to bump up its integrity through new marketing campaigns are being derailed. The stock has tanked 9.6% over the past one quarter owing to weaker performance and continued controversies surrounding employee culture.

  • How Wells Fargo is reaching out to bring veterans on board
    American City Business Journals2 days ago

    How Wells Fargo is reaching out to bring veterans on board

    Transitioning into the civilian workforce after military service is a daunting task for many veterans. That’s why Charlotte’s financial-services industry offers transitional programs for these potential employees, focusing on veterans’ work ethic, leadership and teamwork skills.

  • Business Wire3 days ago

    Wells Fargo Closed-End Funds Declare Monthly and Quarterly Distributions

    The Wells Fargo Income Opportunities Fund , the Wells Fargo Multi-Sector Income Fund , the Wells Fargo Utilities and High Income Fund , and the Wells Fargo Global Dividend Opportunity Fund have each announced a distribution.

  • Banking Roundup: Wells Fargo hit by reports of altered documents… BofA rolls out AI assistant Erica
    American City Business Journals3 days ago

    Banking Roundup: Wells Fargo hit by reports of altered documents… BofA rolls out AI assistant Erica

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  • InvestorPlace3 days ago

    Wells Fargo & Co Stock Will Take a Long Term Beating for Malfeasance

    As it stands, Wells Fargo stock is down nearly 11%. If headlines are anything to go by, the once-revered financial institution will face even more challenges. The big bank’s troubles began with accusations that lower-level employees were creating fake customer accounts to meet impossible sales targets.

  • Wells Fargo Dismisses Bankers in Struggling Muni-Bond Division
    Bloomberg3 days ago

    Wells Fargo Dismisses Bankers in Struggling Muni-Bond Division

    Wells Fargo & Co.’s new public finance chief Stratford Shields is shaking up the department by dismissing senior bankers in New York, Chicago and Los Angeles and bringing in colleagues from his former employer, Morgan Stanley. Wells Fargo has removed 15 employees from its public finance department, according to a person familiar with the matter. Shields, who took over in November, has hired six bankers and plans to continue hiring, said company spokeswoman AnneMarie McDonald.

  • Barrons.com4 days ago

    Best of the Week: Cetera, Wells Fargo, Holy Advice

    It was a busy week, with news that Cetera may have some serious suitors and more negative headlines for Wells Fargo. As you prepare for your Friday commute home, catch up on some of Barron’s Advisor Center’s top stories: Cetera gets courted. Tuesday brought news that LPL and Lightyear are taking close looks at Cetera Financial Group.

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  • Wells Fargo to Focus on Auto Lending, CRE Raises Concern
    Zacks4 days ago

    Wells Fargo to Focus on Auto Lending, CRE Raises Concern

    Wells Fargo (WFC) continues to restructure its business in order to cope with persistent legal costs.

  • Business Wire4 days ago

    Wells Fargo’s Steve Ellis to Retire; Digital Transformation Executive Lisa Frazier Joins Company to Lead Innovation

    Wells Fargo & Company (WFC) announced today that Steve Ellis, head of the Innovation Group, will retire after nearly 31 years with the company. In September, Lisa Frazier will become head of the group, which focuses on accelerating Wells Fargo’s delivery of next-generation products and services. “Steve has been a champion for customer-centric innovation since he joined the company more than three decades ago,” said Avid Modjtabai, head of Payments, Virtual Solutions and Innovation for Wells Fargo.

  • Investopedia4 days ago

    13F: Tepper Added NVIDIA, Wells Fargo to Q1 Portfolio

    David Tepper, the billionaire founder and head of Appaloosa Management, had a busy first quarter. One of the most noteworthy companies that Tepper invested in for the first time in Q1 was Wells Fargo & Co. ( WFC). Texas-based data analytics company Alerian MLP ( AMLP) was another prominent new position in Appaloosa's portfolio during this period.