|Bid||956.05 x 2500|
|Ask||1,063.00 x 500|
|Day's Range||956.05 - 959.98|
|52 Week Range||833.70 - 1,220.00|
|PE Ratio (TTM)||239.65|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Wells Fargo has performed below its major banking (XLF) peers, mainly due to lower credit offtake, higher spending, and lower wealth management growth.
The largest bank in New Mexico is getting a bit smaller. Wells Fargo is closing five branches this year, according to the Albuquerque Journal . It plans to close a branch at Holloman Air Force Base and a fifth undisclosed location.
The Fed's rising rates have helped commercial banks improve margins on earning assets, though these have been partially offset by the rising cost of liabilities.