|Bid||51.53 x 600|
|Ask||52.20 x 100|
|Day's Range||51.40 - 51.91|
|52 Week Range||43.55 - 59.99|
|PE Ratio (TTM)||12.95|
|Dividend & Yield||1.56 (3.02%)|
|1y Target Est||N/A|
These two banks have underperformed the market, but they could be excellent long-term bargains.
Wells Fargo (WFC) is under investigation for closing real customer accounts.
Wells Fargo & Co. has informed investors that a regulator is looking into whether the bank prematurely closed accounts that customers used and needed, a year after the bank said it had created millions of bogus ones as part of its controversial cross-selling practices. Reuters reports that Wells Fargo disclosed in an Aug. 3 filing that the Consumer Financial Protection Bureau (CFPB) is looking into the whether the bank's closure of accounts of active accounts harmed customers. "A Reuters review of the regulator's complaints database found several instances of customers reporting financial hardship in recent years after Wells Fargo unexpectedly froze or closed their accounts," the news service reports.