Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


Last $55.96 USD
Change Today -0.25 / -0.44%
Volume 17.3M
WFC On Other Exchanges
Symbol
Exchange
New York
Mexico
Sao Paulo
Frankfurt
Bogota
As of 8:04 PM 05/29/15 All times are local (Market data is delayed by at least 15 minutes).

wells fargo & co (WFC) Snapshot

Open
$56.25
Previous Close
$56.21
Day High
$56.26
Day Low
$55.68
52 Week High
05/19/15 - $56.70
52 Week Low
10/15/14 - $46.44
Market Cap
288.1B
Average Volume 10 Days
13.3M
EPS TTM
$4.09
Shares Outstanding
5.1B
EX-Date
05/6/15
P/E TM
13.7x
Dividend
$1.50
Dividend Yield
2.55%
Current Stock Chart for WELLS FARGO & CO (WFC)

wells fargo & co (WFC) Details

Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Its Community Banking segment offers checking, savings, market rate, individual retirement, and health savings accounts, as well as time deposits and remittances; and lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards. This segment also provides equipment leases, real estate and other commercial financing, small business administration financing, venture capital financing, cash management, payroll services, retirement plans, and merchant payment processing and private label financing solutions, as well as purchases retail installment contracts. Its Wholesale Banking segment offers commercial loans and lines of credit, letters of credit, asset-based lending, equipment leasing, international trade facilities, trade financing, collection, foreign exchange, treasury management, investment management, institutional fixed-income sales, interest rate, commodity and equity risk management, insurance, corporate trust fiduciary and agency, and investment banking services, as well as online/electronic products. This segment also provides construction, and land acquisition and development loans; secured and unsecured lines of credit; interim financing arrangements; rehabilitation loans; affordable housing loans and letters of credit; loans for securitization; commercial real estate loan servicing; and real estate and mortgage brokerage services. The company’s Wealth, Brokerage and Retirement segment offers financial advisory, wealth management, brokerage, retirement, trust, and reinsurance services. As of February 25, 2015, it operated through approximately 8,700 locations and 12,500 ATMs; offices in 36 countries; and wellsfargo.com Website. The Company was founded in 1852 and is headquartered in San Francisco, California.

266,000 Employees
Last Reported Date: 05/6/15
Founded in 1852

wells fargo & co (WFC) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $2.8M
Chief Financial Officer and Senior Executive ...
Total Annual Compensation: $991.2K
Head of Wholesale Banking and Senior Executiv...
Total Annual Compensation: $1.8M
Senior Executive Vice President of Consumer L...
Total Annual Compensation: $1.7M
Senior Executive Vice President of Wealth, Br...
Total Annual Compensation: $1.7M
Compensation as of Fiscal Year 2014.

wells fargo & co (WFC) Key Developments

Wells Fargo & Company Announces Executive Changes

Wells Fargo & Company announced it has named Rohan Kalbag, a company veteran with deep national and international experience, as head of Commercial Banking for Northern California. Based in Oakland, California, Kalbag oversees more than 100 team members at offices in Chico, Santa Rosa, Sacramento, Walnut Creek, and San Francisco. Kalbag's appointment follows the promotion of Lisa Finer, former head of Commercial Banking in the greater San Francisco Bay Area, who recently joined the company's Corporate Risk Program Office. Kalbag brings more than 13 years of financial services experience to his new Commercial Banking role. He began his career with Wells Fargo's Global Banking Group as an international relationship manager for Northern California. He served in several management positions, including oversight of Asia-Pacific markets. While based in Hong Kong, Kalbag managed business in Japan, Taiwan, China, Singapore, India, Australia, and Hong Kong. Most recently, Kalbag served as the sales manager for Wells Fargo Commercial Banking in the West, including California, Oregon, and Washington.

Wells Fargo & Company Declares Cash Dividends on Preferred Stock; Payable on June 15, 2015

Wells Fargo & Company announced dividends on eight series of preferred stock. A quarterly cash dividend of $20.00 per share was declared on its 8.00% non-cumulative perpetual class A preferred stock, Series J, liquidation preference $1,000 per share. This dividend equals $0.50 per depositary share, each representing a 1/40th interest in a share of Series J preferred stock, which is traded on the New York Stock Exchange under the symbol ‘WFCPrJ.’ The Series J dividend is payable on June 15, 2015, to holders of record as of the close of business on May 29, 2015. A quarterly cash dividend of $18.75 per share was declared on its 7.50% non-cumulative perpetual convertible class A preferred stock, Series L, liquidation preference $1,000 per share, which is traded on the New York Stock Exchange under the symbol ‘WFCPrL.’ The Series L dividend is payable on June 15, 2015, to holders of record as of the close of business on May 29, 2015. A quarterly cash dividend of $325.00 per share was declared on its 5.20% non-cumulative perpetual class A preferred stock, Series N, liquidation preference $25,000 per share. This dividend equals $0.325 per depositary share, each representing a 1/1,000th interest in a share of Series N preferred stock, which is traded on the New York Stock Exchange under the symbol ‘WFCPrN.’ The Series N dividend is payable on June 15, 2015, to holders of record as of the close of business on May 29, 2015. A quarterly cash dividend of $320.31 per share was declared on its 5.125% non-cumulative perpetual class A preferred stock, Series O, liquidation preference $25,000 per share. This dividend equals $0.32031 per depositary share, each representing a 1/1,000th interest in a share of Series O preferred stock, which is traded on the New York Stock Exchange under the symbol ‘WFCPrO.’ The Series O dividend is payable on June 15, 2015, to holders of record as of the close of business on May 29, 2015. A quarterly cash dividend of $328.13 per share was declared on its 5.25% non-cumulative perpetual class A preferred stock, Series P, liquidation preference $25,000 per share. This dividend equals $0.32813 per depositary share, each representing a 1/1,000th interest in a share of Series P preferred stock, which is traded on the New York Stock Exchange under the symbol ‘WFCPrP.’ The Series P dividend is payable on June 15, 2015, to holders of record as of the close of business on May 29, 2015. A quarterly cash dividend of $365.63 per share was declared on its 5.85% non-cumulative perpetual class A preferred stock, Series Q, liquidation preference $25,000 per share. This dividend equals $0.36563 per depositary share, each representing a 1/1,000th interest in a share of Series Q preferred stock, which is traded on the New York Stock Exchange under the symbol ‘WFCPrQ.’ The Series Q dividend is payable on June 15, 2015, to holders of record as of the close of business on May 29, 2015. A quarterly cash dividend of $414.06 per share was declared on its 6.625% non-cumulative perpetual class A preferred stock, Series R, liquidation preference $25,000 per share. This dividend equals $0.41406 per depositary share, each representing a 1/1,000th interest in a share of Series R preferred stock, which is traded on the New York Stock Exchange under the symbol ‘WFCPrR.’ The Series R dividend is payable on June 15, 2015, to holders of record as of the close of business on May 29, 2015. A quarterly cash dividend of $375.00 per share was declared on its 6.00% non-cumulative perpetual class A preferred stock, Series T, liquidation preference $25,000 per share. This dividend equals $0.375 per depositary share, each representing a 1/1,000th interest in a share of Series T preferred stock, which is traded on the New York Stock Exchange under the symbol ‘WFCPrT.’ The Series T dividend is payable on June 15, 2015, to holders of record as of the close of business on May 29, 2015.

Shahriar Jabbari Files a Lawsuit Against Wells Fargo & Co

Former Wells Fargo & Co. customer Shahriar Jabbari filed a lawsuit against the bank accusing it of high-pressure sales that led to deceiving and defrauding him and other customers. The suit alleges violations of the Fair Credit Reporting Act and California's unfair competition and consumer protection laws. Jabbari, of Campbell, Calif., seeks class-action certification for the lawsuit. The complaint mirrors accusations in another lawsuit filed last week by Los Angeles (Calif.) City Attorney Michael Feuer. Both lawsuits allege that the bank's pressure tactics amounted to a 'fee-generating machine' that encouraged employees to misuse customer information to open unwanted accounts. Some customers never realized they had the accounts until collection agencies began pursuing fees that also alleges the bank hid fees, refused to close accounts on request and forged signatures. Jabbari alleged that debt collectors badgered him to pay fees on Wells Fargo accounts that were opened without his knowledge. His lawsuit, filed in U.S. District Court in San Francisco, seeks restitution from the profits Wells made from the 'unlawful practices'. It also seeks triple damages. The complaint includes detailed allegations about Wells Fargo's so-called gaming of customers and alleges that a current Wells Fargo employee saw bank employees open unauthorized accounts on a 'nearly daily basis'.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
WFC:US $55.96 USD -0.25

WFC Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Agricultural Bank of China Ltd CNY3.64 CNY -0.03
Bank of America Corp $16.50 USD -0.17
Industrial & Commercial Bank of China Ltd CNY5.07 CNY -0.03
JPMorgan Chase & Co $65.78 USD -0.42
Microsoft Corp $46.86 USD -0.59
View Industry Companies
 

Industry Analysis

WFC

Industry Average

Valuation WFC Industry Range
Price/Earnings 13.7x
Price/Sales 3.5x
Price/Book 1.7x
Price/Cash Flow 12.5x
TEV/Sales NM Not Meaningful
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact WELLS FARGO & CO, please visit www.wellsfargo.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.