WFC - Wells Fargo & Company
| Previous Close | 55.55 |
| Open | 55.75 |
| Bid | 0.00 x 1000 |
| Ask | 0.00 x 3000 |
| Day's Range | 54.92 - 55.81 |
| 52 Week Range | 50.26 - 66.31 |
| Volume | 36,158,566 |
| Avg. Volume | 18,957,104 |
| Market Cap | 264.84B |
| Beta | 1.31 |
| PE Ratio (TTM) | 14.00 |
| EPS (TTM) | 3.93 |
| Earnings Date | Oct 12, 2018 |
| Forward Dividend & Yield | 1.72 (3.14%) |
| Ex-Dividend Date | 2018-08-09 |
| 1y Target Est | 62.20 |
- Bloomberg Video•2 days ago
Wells Fargo's Sloan Signals He's Prepared to Stay Until He's 65
Sep.21 -- Wells Fargo & Co. Chief Executive Officer Tim Sloan, commenting two days after the bank’s chairman batted back Wall Street whispers that the board is looking to replace him, said he’s prepared to keep running the company for much of the next decade. Bloomberg's Katherine Chiglinsky reports on "Bloomberg Markets: The Close."
- CBS News Videos•2 days ago
Wells Fargo plans to cut up to 26,000 workers and other MoneyWatch headlines
Embattled bank Wells Fargo announces plans to layoff thousands of workers, and it's now completely free for Americans to freeze their credit. These headlines and more from CBS MoneyWatch.
- CNBC Videos•2 days ago
Wells Fargo to slash thousands of jobs
Wells Fargo announced it plans to cut up to 26,500 workers, about 10 percent of its workforce. The bank says it's streamlining operations, but some analysts disagree that's the primary reason for the cuts.
- Barrons.com•2 days ago
Week’s Best: ‘Great Bull’ Is Out, Wells CEO Is In
Wells Fargo CEO Tim Sloan has replaced management, tightened internal controls and overseen a marketing campaign aimed at restoring the company’s scandal-tarred battered image. Late Wednesday, Wells Fargo chairwoman Elizabeth Duke stepped in to defend Sloan. “CEO Tim Sloan has the unanimous support of the board, and this support has never wavered,” Elizabeth Duke said in a statement to reporters.
- Bloomberg•2 days ago
Wells Fargo CEO Says He's Prepared to Stay Until He's 65
Wells Fargo & Co. Chief Executive Officer Tim Sloan said he’s prepared to keep running the company for much of the next decade, as he shifts from two years of navigating crises to focusing on improving shareholder returns. “There’s growth opportunities everywhere,” Sloan, 58, said in an interview Friday, commenting just two days after the bank’s chairman batted back Wall Street whispers that the board is looking to replace him. Sloan is widely credited by analysts for taking tough steps in his nearly two years atop the firm to overhaul it in response to scandals -- installing a new management team, bolstering internal controls and retooling incentives for employees.
- Investing.com•2 days ago
Stocks - Micron Sinks in Pre-market; Wells Fargo, Tesla Fall; Apple, Walmart Gain
Investing.com - Stocks in focus in pre-market trade Friday:
- Zacks•2 days ago
Bank Stock Roundup: Economic Growth Inspires Optimism, WFC & BofA in Focus
Investor sentiment upbeat on expectation of interest rate hike this month along with strong domestic economic growth and a steady labor market.
- Zacks•2 days ago
Wells Fargo to Trim Headcount by 5-10% Over Three Years
Wells Fargo (WFC) promises to enhance client experience and make investments to develop digital modes of banking with a view to leave behind past misconducts.
- CNBC•2 days ago
Stocks making the biggest move premarket: MU, MCD, T, TXN, WMT & more
These are the stocks posting the largest moves before the bell.
- American City Business Journals•2 days ago
7 things to know today and how Amazon's Jeff Bezos aims to conquer space
First retail and now space. Amazon's Jeff Bezos gave an insider's glimpse into his Blue Origin business venture, plus more Friday business headlines to start your workday.
- CNBC•2 days ago
Wells Fargo is going backward with thousands of job cuts as JP Morgan and other banks boom
The U.S. bank with the most employees has, until now, resisted deep job cuts, keeping headcount at about 265,000. That changed Thursday, when CEO Tim Sloan informed employees that as many as 26,500 positions will be eliminated.
- The Wall Street Journal•2 days ago
[$$] Wells Fargo Braces for Lean Years Ahead
& Co. is shrinking, even as rivals are in growth mode. The bank said Thursday that its head count would decline by 5% to 10% over the next three years, reflecting some natural attrition, and what it called “displacements,” or layoffs. Just last week, Wells Fargo’s chief financial officer said business loans were likely to decline from their second-quarter level and acknowledged for the first time that reputational issues could be hurting the bank’s commercial lending operations.
- Reuters•2 days ago
Wells Fargo to cut headcount by 5-10 percent in next three years
As of June 30th, the nation’s fourth largest bank had roughly 264,500 employees, making a 10 percent reduction representative of about 26,450 jobs. Wells Fargo said the latest reduction would reflect displacements as well as normal team-member attrition. Wells Fargo has also said it will reduce its branch count by about 800 by 2020 and sell non-core businesses to lower costs and become more efficient. Last month the bank laid off 600 employees in its mortgage division which has faced headwinds amid a slowdown in refinancing demand.
- American City Business Journals•3 days ago
Wells Fargo CEO calls reports of his pending departure 'just not true'
In an exclusive interview, Wells Fargo CEO Tim Sloan denied a report that the bank's board is seeking to replace him and explained why the company needs to reduce its headcount by as much as 10 percent in the next three years.
- The Wall Street Journal•3 days ago
[$$] Wells Fargo to Cut Jobs Over Next Three Years
Wells Fargo & Co. plans to cut as many as 26,500 jobs over the next three years as it adjusts to changing consumer behavior and works to recover from a series of scandals that have gripped the bank for the past two years. The bank on Thursday said it expects head count to fall by about 5% to 10%, including layoffs as well as typical attrition. It is also under a Federal Reserve imposed asset cap, limiting its growth.
- Associated Press•3 days ago
Business Highlights
Wall Street delivered another set of milestones Thursday as a wave of buying sent U.S. stocks solidly higher, driving the Dow Jones Industrial Average above the all-time high it closed at in January. The S&P 500, the benchmark for many index funds, also hit a new high, eclipsing the peak it reached last month. Energy companies declined along with crude oil prices.
- Reuters•3 days ago
Wells Fargo to cut headcount by 5-10 percent in next 3 years
As of June 30th, the nation’s fourth largest bank had roughly 264,500 employees, making a 10 percent reduction representative of about 26,450 jobs. Wells Fargo said the latest reduction would reflect displacements as well as normal team-member attrition. Wells Fargo has also said it will reduce its branch count by about 800 by 2020 and sell non-core businesses to lower costs and become more efficient. Last month the bank laid off 600 employees in its mortgage division which has faced headwinds amid a slowdown in refinancing demand.
- American City Business Journals•3 days ago
Wells Fargo plans big job cuts as rumors swirl on whether CEO will keep his post
The job cuts come as the entire banking industry re-assesses the role that branches and staff play in a world where most customers prefer to handle their banking on mobile phones.
Associated Press•3 days agoWells Fargo to cut 10 percent of workforce over next 3 years
Wells Fargo plans to cut up to 10 percent of its workforce over the next three years, the bank announced on Thursday, which will result in thousands of job losses for employees of the nation's third-largest bank. Wells Fargo & Co. Chief Executive Tim Sloan made the announcement to employees on Thursday. The San Francisco-based bank has been under multiple clouds of scandal starting in 2015 when it admitted its employees opened millions of fake bank accounts for customers in order to meet unrealistic sales goals.
- Reuters•3 days ago
Wells Fargo to cut headcount by 5-10 pct in next 3 years
Wells Fargo & Co said on Thursday it would reduce its headcount by about 5 percent to 10 percent within the next three years as part of a turnaround plan. As of June 30th, the nation’s fourth largest bank had roughly 264,500 employees, making a 10 percent reduction representative of about 26,450 jobs. Wells Fargo said the latest reduction would reflect displacements as well as normal team-member attrition.
- Bloomberg•3 days ago
Wells Fargo Plans to Cut Staffing Up to 10% Over Three Years
Wells Fargo & Co. plans to trim its workforce by about 5 percent to 10 percent within three years as Chief Executive Officer Tim Sloan works to pull the bank clear of customer-abuse scandals and prop up a lagging stock price. The San Francisco-based lender is struggling to grow under the weight of a Federal Reserve assets cap. “It says something about the revenue environment for them,” Charles Peabody, an analyst at Portales Partners, said in an interview.
- CNBC•3 days ago
Wells Fargo plans to lower headcount by up to 10% in next 3 years
Wells Fargo is lowering its employee headcount by 5 to 10 percent in the next three years, the company announced Thursday. The decline will reflect displacements and team member attrition, the bank's Chief Executive Officer Tim Sloan said in a press release. Wells Fargo has 265,000 employees, meaning the reduction would result in a loss of between 13,250 and...
- CNBC•3 days ago
Wells Fargo plans to cut up to 10% of workforce in the next 3 years
Wells Fargo plans to lower its employee headcount by 5 percent to 10 percent in the next three years. The bank cited changing customer preferences, including the "adoption of digital self-service capabilities," as a key reason. Wells Fargo WFC , the third-biggest U.S. bank, plans to lower its employee headcount by 5 percent to 10 percent in the next three years as part of its ongoing turnaround plan, the company announced Thursday.
- Business Wire•3 days ago
As Wells Fargo Transforms to Meet Customer Needs and Improve Operational Excellence, Company to Be More Efficient
Wells Fargo & Company (WFC) Chief Executive Officer Tim Sloan today shared progress with team members on the company’s ongoing transformation, which addresses industry trends and changes in customer behavior, during a regularly scheduled companywide town hall meeting. Sloan, who hosts bi-monthly town halls broadcast live to all team members, noted that through these efforts, Wells Fargo is continuing to make fundamental changes designed to make the company more customer-focused, streamlined, and better positioned for long-term success and operational excellence. This work includes strengthening risk management, simplifying operations, leveraging digital automation, divesting non-core businesses, and continuing to become a more efficient company.
