WFC - Wells Fargo & Company
| Previous Close | 52.89 |
| Open | 53.07 |
| Bid | 52.61 x 1000 |
| Ask | 52.62 x 1400 |
| Day's Range | 52.19 - 53.15 |
| 52 Week Range | 50.26 - 66.31 |
| Volume | 2,646,564 |
| Avg. Volume | 19,642,046 |
| Market Cap | 245.991B |
| Beta (3Y Monthly) | 1.35 |
| PE Ratio (TTM) | 12.33 |
| EPS (TTM) | N/A |
| Earnings Date | N/A |
| Forward Dividend & Yield | 1.72 (3.25%) |
| Ex-Dividend Date | 2018-08-09 |
| 1y Target Est | N/A |
- Market Realist•1 hour ago
Bank of America’s Operating Efficiency Improved in Q3
Bank of America (BAC) has been reducing its administrative expenditures and increasing its spending on technology to improve its operating efficiency and margins. Improved operating efficiency and margins have led the bank’s earnings to grow at a faster pace.
Market Realist•3 hours agoHigher Interest Rates Drove BAC’s Consumer Banking Revenues in Q3
In the third quarter, Bank of America’s (BAC) CB (Consumer Banking) segment’s revenues increased 7.0% YoY to $9.4 billion. This increase was driven by a 10.0% increase in net interest income and partially offset by a modest decline in non-interest income.
- Barrons.com•3 days ago
Week’s Best: Morgan Stanley Pays Up, Wells Fargo Is Sued
To compete, wirehouses have rolled out in-house succession programs that pay retiring advisors to transfer their clients to junior advisors. On Thursday, (MS) took things a steps further, announcing it’s sweetening its sunset retirement packages for top-producing advisors. If participating advisors leave the firm, they’re barred from joining rivals for 90 days, and they lose their retirement program bonuses.
- Yahoo Finance•3 days ago
China's slowdown casts light on understated exposure at largest US banks
The big four banks have low direct exposure to a slowing Chinese economy, but the interconnectedness of the global economy means that the banks still face a lot of secondary risk.
Market Realist•3 days agoWhat Drove Bank of America’s Q3 Profits to Jump 37% YoY?
On October 15, Bank of America (BAC) reported better-than-expected bottom-line results for the third quarter. The bank posted earnings of $0.67, beating the Wall Street estimate of $0.62 and marking ten consecutive quarters of earnings beats.
- Barrons.com•3 days ago
Ex-Wells Fargo Advisors: Scandals Hurt Our Business
Teamed advisors John Perry and Robin Johnson left Wells at the beginning of the month for RBC Capital Markets.
- American City Business Journals•3 days ago
Wells Fargo to relocate Center City offices from South Broad Street
The financial institution will consolidate three of its Philadelphia offices in a much smaller space than it had been in over the years. It will, however, continue to operate a bank branch at 123 S. Broad St.
Yahoo Finance•3 days agoThe biggest US banks are battling over where to build physical branches
The brick-and-mortar model isn’t dead — it’s just evolving.
- Zacks•3 days ago
Is Wells Fargo Premier Large Company Growth A (EKJAX) a Strong Mutual Fund Pick Right Now?
Mutual Fund Report for EKJAX
- TheStreet.com•4 days ago
Jim Cramer: The Move Out of Regional Banks Is Fed-Fueled
JP Morgan's stock was the most upsetting. Citigroup's stock hung in and then rallied, but it had been the most abused coming into the quarter -- which is always helpful, especially when the company is the biggest buyer of its own stock of the group, something it can do because it has gone from worst to first in the eyes of the regulators. It's worth noting that the stock of Goldman Sachs has had two strong days after the quarter, an aberration from the usual, negative pattern -- particularly on the second day, when the window opens for insider selling.
Reuters•4 days agoSenator Warren urges Fed to require removal of Wells Fargo CEO
WASHINGTON/NEW YORK (Reuters) - U.S. Senator Elizabeth Warren said on Thursday the Federal Reserve should not allow Wells Fargo & Co (WFC.N) to grow in size until the bank replaces Chief Executive Officer Tim Sloan. In a letter to Fed Chairman Jerome Powell, Warren said Sloan, a 30-year veteran of Wells, was "deeply implicated" in prior bank misconduct and it was untenable for him to remain at the bank as the Fed sought a drastic overhaul of its operations. "The Wells Fargo Board of Directors cannot plausibly claim that it is 'ensuring senior management's ongoing effectiveness in managing the firm's activities' while retaining a CEO that helped oversee this much misconduct," she wrote.
- Bloomberg•4 days ago
Elizabeth Warren Escalates Her Campaign Against Wells Fargo's CEO
The Massachusetts Democrat escalated her criticism of the San Francisco-based bank in a letter Thursday to Fed Chairman Jay Powell, requesting that he maintain growth limits imposed earlier this year to ensure that real changes are made to fix oversight gaps that allowed consumer abuses including opening millions of accounts without customers’ knowledge. “The Federal Reserve should not remove the growth cap on WFC until the Board replaces Mr. Sloan with a new CEO who has not contributed to the very problems the Federal Reserve is seeking to fix,” Warren wrote.
Reuters•4 days agoU.S. Senator Warren urges Fed to require removal of Wells Fargo CEO
U.S. Senator Elizabeth Warren said on Thursday the Federal Reserve should not allow Wells Fargo & Co to grow in size until the bank replaces Chief Executive Officer Tim Sloan. In a letter to Fed Chairman Jerome Powell, Warren said Sloan, a 30-year veteran of Wells, was "deeply implicated" in prior bank misconduct, and it was untenable for him to remain at the bank as the Fed sought a drastic overhaul of its operations. "The Wells Fargo Board of Directors cannot plausibly claim that it is 'ensuring senior management's ongoing effectiveness in managing the firm's activities' while retaining a CEO that helped oversee this much misconduct," she wrote.
- American City Business Journals•4 days ago
Dallas tax company gets $1.1B valuation with new investment
Ryan LLC in Dallas has joined a special club of companies valued at more than $1 billion. The tax services and software provider has received a $317 million investment from private equity firm Onex Corp. that values the company at $1.1 billion, according to a statement by the companies. Onex is based in Toronto and has more than $33 billion in assets under management.
- CNBC•4 days ago
Elizabeth Warren calls on the Fed to demand Wells Fargo fire CEO Tim Sloan
Sen. Elizabeth Warren on Thursday sent a letter to Federal Reserve Chairman Jerome Powell calling on the Fed to maintain its growth cap on Wells Fargo until the bank replaces CEO Tim Sloan. Calling Sloan "deeply implicated in the bank's repeated and egregious misconduct," Warren urged the central bank to continue to enforce a February order that bars Wells Fargo from growing any larger. The Fed slapped the bank with the penalty in response to Wells Fargo's 2016 fake accounts scandal, in which employees opened millions of scam bank accounts.
InvestorPlace•4 days ago3 Stock Charts for Thursday: Wells Fargo, CSX and Macy’s
All things considered, it could have been worse. The S&P 500 could have closed at Wednesday’s low of 2,781.81, logging a 1% loss for the session, quelling any hopes for a rebound built on Monday’s big bounce. But the market snapped back at mid-day, closing the gap to a loss of only 0.03% yesterday.
Bloomberg•4 days agoBig Bank Earnings Are Less Than Meets the Eye
Wells Fargo & Co., perhaps unsurprising given its recent problems, has the biggest gap between what it reported as earnings growth, which was cheered as a sign of improvement, and the profits its operations produced. More than half of the non-operating boost came from the tax change, which saved the nation’s six biggest banks $3.3 billion in the third quarter alone.
- Motley Fool•5 days ago
Could Wells Fargo Be the Earnings Season Winner Among the Big Banks?
Wells Fargo reported a non-terrible quarter for the first time in a while.
- Motley Fool•5 days ago
Is Wells Fargo & Company a Buy?
A bounce-back quarter, rising interest rates, and putting distance between itself and its many recent scandals are all positives. It's also dirt cheap.
- Zacks•6 days ago
Wells Fargo (WFC) Gains But Lags Market: What You Should Know
Wells Fargo (WFC) closed at $53.68 in the latest trading session, marking a +0.83% move from the prior day.
- Investopedia•6 days ago
Investing in 'Too Big to Fail' Banks After Earnings
Recent earnings releases from the four "too big to fail" money center banks did not result in share price volatility, as each stock remained below its 2018 highs set between Jan. 29 and March 12. My most significant observation is that banks were supposed to benefit from higher interest rates, and the Federal Reserve has been hiking the federal funds rate since December 2015. Bank of America Corporation ( BAC) is the second largest of the four "too big to fail" money center banks, with total assets of $1.776 trillion at the end of the second quarter, down from $1.784 trillion at the end of the first quarter.
- Reuters•6 days ago
Wells Fargo to shift European investment banking business to Paris as Brexit looms
The San Francisco-based bank, whose purchase of a high-profile location near the Bank of England two years ago was seen as a vote of confidence in the Brexit process, said it would continue to service UK and non-EU clients from London. The company said a new subsidiary based in Paris would provide capital markets and investment banking services for European and international customers who require access to the EU and the European Economic Area. The company gave no indication whether the move would lead to job cuts in London or how many it would employ in Paris.
- Reuters•6 days ago
Wells Fargo to shift European investment banking business to Paris as Brexit looms
Wells Fargo & Co said on Tuesday it had applied for an investment firm license in France as part of a Brexit strategy to shift some of its servicing of European mainland customers out of London. The San Francisco-based bank, whose purchase of a high-profile location near the Bank of England two years ago was seen as a vote of confidence in the Brexit process, said it would continue to service UK and non-EU clients from London. The company said a new subsidiary based in Paris would provide capital markets and investment banking services for European and international customers who require access to the EU and the European Economic Area.
- Yahoo Finance Video•4 days ago
Fed will continue to raise interest rates despite Trump criticism
The Federal Reserve Bank will continue to raise interest rates despite Trump's criticism. Yahoo finance's Seana Smith, and Adam Shapiro discuss.
Yahoo Finance Video•5 days agoMARKETS: Bank stocks are strong, but consumer names are weak—especially after today's housing data
Live from the floor of the New York Stock Exchange, Yahoo Finance's Jared Blikre joins Seana Smith to discuss the latest market moves.
