WFC - Wells Fargo & Company

NYSE - NYSE Delayed Price. Currency in USD
+1.02 (+1.98%)
At close: 4:01PM EDT
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Previous Close51.54
Bid0.00 x 0
Ask0.00 x 0
Day's Range51.82 - 52.82
52 Week Range49.27 - 66.31
Avg. Volume24,152,387
Market Cap256.171B
PE Ratio (TTM)12.55
EPS (TTM)4.19
Earnings DateJul 13, 2018
Forward Dividend & Yield1.56 (3.07%)
Ex-Dividend Date2018-02-01
1y Target Est63.00
Trade prices are not sourced from all markets
  • MarketWatch9 hours ago

    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.

  • MarketWatch9 hours ago

    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.

  • MarketWatch12 hours ago

    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.

  • MarketWatch12 hours ago

    Weekend roundup: Amazon’s prime success | Wells Fargo’s sins | Netflix’s blowout

    Here are MarketWatch articles to read this weekend.

  • Wells Fargo's Big Fine Puts Fresh Focus on Power of Trump Tweets
    Bloomberg20 hours 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 Journal21 hours 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 Journalyesterday

    [$$] 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 ...

  • CNBCyesterday

    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.

  • TheStreet.comyesterday

    Closing Bell: LIVE MARKETS BLOG

    Markets fell across the board Friday.

  • Big banks saved $3.6B in taxes last quarter under new law
    Associated Pressyesterday

    Big 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 ...

  • U.S. banks push mortgage apps as home lending slows

    U.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.

  • Wells Fargo fined $1B for mortgage, auto lending abuses
    Associated Pressyesterday

    Wells 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 ...

  • MarketWatchyesterday

    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.

  • Triad banks contribute to tornado relief efforts
    American City Business Journalsyesterday

    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.

  • Reutersyesterday

    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.

  • Wells Fargo must pay $1B fine in order from federal regulators
    American City Business Journalsyesterday

    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.

  • Wells Fargo May Not Be Done Paying for Its Misdeeds

    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.

  • Forbesyesterday

    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.

  • Benzingayesterday

    CFPB Fines Wells Fargo $1 Billion

    Wells Fargo & Co (NYSE: WFC ) has agreed to pay a $1-billion fine to the government related to abusive lending and auto insurance practices. What Happened Wells Fargo said Friday that it has agreed to ...

  • Investopediayesterday

    How Wells Fargo Became One Of the The Biggest Banks In America

    Wells Fargo ( WFC) is currently embroiled in a scandal where it is alleged that employees opened millions of fake accounts under the names of unwitting customers. The scandal has rocked the banking industry, and has dealt a critical blow to the bank's reputation. The Federal Reserve recently announced that it will restrict the bank's growth in the light of consumer abuses till it sufficiently improves its governance and controls. How does Wells Fargo usually make money?

  • TheStreet.comyesterday

    Wells Fargo Hit With $1 Billion in Fines Over Car-Insurance Probe

    Wells Fargo, led by CEO Tim Sloan, is struggling to recover from a series of scandals stemming from an alleged corporate culture of aggressive sales practices, including the opening of millions of unauthorized ...

  • Barrons.comyesterday

    Wells Fargo's Huge Penalty: What's the Point?

    • The new fine is in addition to $4.25 billion that Wells set aside last year to cover liabilities around its fake accounts scandal as well as mortgage-backed securities problems prior to the financial crisis. • Two months ago, the Federal Reserve ordered the bank to contain its balance sheet to its end-of-2017 size. President Trump has kicked the bank around as well, citing “their bad acts against their customers and others.” Stewart thinks that Wells may have been punished enough.

  • Wells Fargo fine doesn't fit the crime, it should be high...
    CNBC Videosyesterday

    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.

  • What consumers need to know about the Wells Fargo settlem...
    CNBC Videosyesterday

    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.

  • OMB's Mulvaney Says Wells Fargo Fine Was 'Right Thing to Do'
    Bloomberg Videoyesterday

    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."