WFC - Wells Fargo & Company
| Previous Close | 51.54 |
| Open | 51.93 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's Range | 51.82 - 52.82 |
| 52 Week Range | 49.27 - 66.31 |
| Volume | 31,149,270 |
| Avg. Volume | 24,152,387 |
| Market Cap | 256.171B |
| Beta | 1.24 |
| PE Ratio (TTM) | 12.55 |
| EPS (TTM) | 4.19 |
| Earnings Date | Jul 13, 2018 |
| Forward Dividend & Yield | 1.56 (3.07%) |
| Ex-Dividend Date | 2018-02-01 |
| 1y Target Est | 63.00 |
- CNBC Videos•2 days ago
Wells Fargo fine doesn't fit the crime, it should be high...
Andrew Stoltmann, shareholder advocate, and Chris Whalen, Whalen Global Advisors, discuss the hefty fine and the fact that Wells stock was still up 2 percent on the day.
- CNBC Videos•2 days ago
What consumers need to know about the Wells Fargo settlem...
Wells Fargo is shelling out $1 billion in penalties to regulators. Affected car and home loan borrowers can expect to get their money back. Here's what they should know.
Yahoo Finance Video•2 days agoWells Fargo to pay $1 billion to federal regulators
A big settlement in the banking sector as Wells Fargo agrees to pay $1 billion to federal regulators. The fine is for charging customers for car insurance that wasn't needed and charging mortgage borrowers unfair fees. Yahoo Finance's Seana Smith, Pras Subramanian and Andy Serwer discuss.
- Bloomberg Video•2 days ago
OMB's Mulvaney Says Wells Fargo Fine Was 'Right Thing to Do'
Apr.20 -- OMB Director Mick Mulvaney, acting director of the Consumer Financial Protection Bureau, discusses Wells Fargo's $1 billion fine to settle U.S. probes into mistreatment of consumers, and his role at the CFPB. He speaks with Kevin Cirilli on "Bloomberg Markets."
- The Wall Street Journal•1 hour ago
[$$] Wells Fargo Struggles to Meet an Enforcement-Action Deadline
Wells Fargo is facing more regulatory challenges as it seeks an extension in a deadline to satisfy an enforcement action related to anti-money-laundering controls.
- Reuters•16 hours ago
U.S. banks push mortgage apps as home lending slows
Bank of America Corp (BAC.N) has spent $1 billion on its digital banking services in the last six years and launched its lineup of techy mortgage products last week. Bank of America's app automatically fills in a customer's address, employment history and other information that the bank already has, cutting out hundreds of boxes customers would otherwise have to fill. Quicken Loans was the first to gain traction with digital home loans following its 2016 Rocket Mortgage launch.
- MarketWatch•yesterday
New accounting rule raises revenue for big banks, but not all are highlighting the change
JPM says revenue is higher by $303 million but Citi, Bank of America are less forthcomingReutersJP Morgan CEO Jamie Dimon speaks at a Remain in the EU campaign event attended by Britain's Chancellor of the Exchequer George Osborne (not shown) at JP Morgan's corporate centre in Bournemouth, southern Britain, June 3, 2016. As new accounting standards for recognizing revenue take effect in the first quarter of 2018, big banks are taking decidedly different tacks in explaining how some revenues would be reported going forward, and why they are higher or lower than what investors may have expected. The biggest commercial and investment banks have already explained how new rules for reporting revenue, effective for most public companies on Jan 1, would impact results.
- MarketWatch•yesterday
Mulvaney’s first fine at CFPB is second-largest in history of agency
The $1 billion fine imposed by the Consumer Financial Protection Bureau, and first since Mick Mulvaney took over the agency, ranks as the second-highest in the history of the agency.
- MarketWatch•yesterday
Here’s what Wells Fargo did to trigger a $1 billion fine
Unlike many of the scandals that have triggered billion-dollar penalties for banks, the problems that led to a 10-figure federal government settlement for Wells Fargo & Co. don’t appear to have colorful emails or trader messages describing bad behavior. Wells Fargo’s (WFC) risk management already resulted in an unprecedented Federal Reserve sanction of having its growth limited. Wells Fargo, keep in mind, was fined by the CFPB and other regulators after opening millions of customer accounts without permission.
- MarketWatch•yesterday
Weekend roundup: Amazon’s prime success | Wells Fargo’s sins | Netflix’s blowout
Here are MarketWatch articles to read this weekend.
- Bloomberg•2 days ago
Wells Fargo's Big Fine Puts Fresh Focus on Power of Trump Tweets
For years, Republican lawmakers and regulators have groused about big corporate fines, arguing that they mostly punish blameless shareholders, not the executives who are responsible for misconduct. Then President Donald Trump tweeted his ire about Wells Fargo & Co. and -- at least in the case of the embattled bank -- the GOP is singing a different tune. Watchdogs appointed by Trump -- including a conservative former congressman -- announced Friday that Wells Fargo would pay $1 billion to settle allegations that its auto-lending and mortgage businesses abused consumers.
- The Wall Street Journal•2 days ago
[$$] Wells Fargo to Pay $1 Billion to Settle Risk Management Claims
Wells Fargo agreed to pay $1 billion to settle federal claims of misconduct in its auto and mortgage lending businesses. The fine is the largest against a bank so far in the Trump administration.
- The Wall Street Journal•2 days ago
[$$] How Wells Fargo's $1 Billion Settlement Affects Its Earnings
Wells Fargo said its $1 billion regulatory settlement was prompting it to revise its first-quarter profit downward by $800 million, cutting its per-share earnings to 96 cents a share from the initially ...
- CNBC•2 days ago
Wells Fargo's $1 billion fine doesn't fit the 'crime': Securities attorney
The $1 billion that Wells Fargo must pay to settle lending abuses is not high enough, securities attorney Andrew Stoltmann says.
- CNBC•2 days ago
Wells Fargo's $1 billion fine doesn't fit the 'crime': Securities attorney
The $1 billion that Wells Fargo must pay to settle lending abuses is not high enough, securities attorney Andrew Stoltmann says.
Associated Press•2 days agoBig banks saved $3.6B in taxes last quarter under new law
The nation's six big Wall Street banks posted record, or near record, profits in the first quarter, and they can thank one person in particular: President Donald Trump. While higher interest rates allowed ...
Reuters•2 days agoU.S. banks push mortgage apps as home lending slows
Big U.S. banks are racing to launch websites and mobile apps to make getting a mortgage faster and easier, investments that may have modest near-term payoffs as home lending activity slows. Bank of America Corp (BAC.N) has spent $1 billion on its digital banking services in the last six years and launched its lineup of techy mortgage products last week. Wells Fargo & Co (WFC.N) rolled out its website and app service during the first quarter, and JPMorgan Chase & Co (JPM.N), which is investing $1.4 billion in technology in 2018, plans to launch its offering later this year.
Associated Press•2 days agoWells Fargo fined $1B for mortgage, auto lending abuses
Wells Fargo will pay $1 billion to federal regulators to settle charges tied to misconduct at its mortgage and auto lending business, the latest punishment levied against the banking giant for widespread ...
- MarketWatch•2 days ago
Jump on this opportunity to get Wells Fargo’s stock on sale
It’s the best long-term performer among the big six U.S. banks, yet it’s trading at a low valuation.
- American City Business Journals•2 days ago
Triad banks contribute to tornado relief efforts
Banks including Wells Fargo, Truliant, BB&T and First Bank are pitching in to help the region recover from an April 15 tornado.
- Reuters•2 days ago
Wells Fargo agrees to pay $1 billion to settle customer abuses
The penalty was a record from the U.S. Consumer Financial Protection Bureau (CFPB) and comes more than eighteen months after Wells Fargo admitted it opened sham accounts for customers - a practice that likely ensnared millions. The penalty is the first by Mick Mulvaney, whom U.S. President Donald Trump tapped in November as interim head of the CFPB, and fulfills Trump's vow to come down hard on the country's third-largest lender. Mulvaney has worked to dial back the reach of the independent agency, and Reuters has reported the CFPB has dropped cases against at least two payday lenders.
- American City Business Journals•2 days ago
Wells Fargo must pay $1B fine in order from federal regulators
Wells Fargo & Co. will pay $1 billion in penalties to regulators, as part of a consent order with the Office of the Comptroller of the Currency and Consumer Financial Protection Bureau announced today.
- Bloomberg•2 days ago
Wells Fargo May Not Be Done Paying for Its Misdeeds
Wells Fargo & Co.'s $1 billion settlement with regulators already has some saying that this marks the end of a troubled period for the scandal-plagued bank. Part of the reason for the optimism is the size of the fine. Wells Fargo paid only $185 million for its fake-account scandal, which impacted as many as 3.5 million customers.
- Forbes•2 days ago
Wells Fargo Hammered By Feds For Auto Loan Insurance Scam
Wells Fargo continues to try and change its culture of defrauding customers to book fees. Wells Fargo was hit Friday with a $1 billion fine from the Consumer Financial Protection Bureau and the Office of The Comptroller of the Currency to punish the bank for disregarding its own advertising promise to lock in interest rates on mortgages, as well as coercing consumers to pay for insurance on top of their auto loans that they did not need. Wells Fargo has been caught over the last two years violating numerous regulations, including opening unauthorized accounts for customers as a means for the bank’s sales force to meet quotas and earn bonuses for new business.
