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Last $57.87 USD
Change Today -0.28 / -0.48%
Volume 12.4M
As of 8:04 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

wells fargo & co (WFC) Snapshot

Open
$58.23
Previous Close
$58.15
Day High
$58.25
Day Low
$57.79
52 Week High
07/23/15 - $58.77
52 Week Low
10/15/14 - $46.44
Market Cap
298.0B
Average Volume 10 Days
13.2M
EPS TTM
$4.11
Shares Outstanding
5.1B
EX-Date
08/5/15
P/E TM
14.1x
Dividend
$1.50
Dividend Yield
2.46%
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.

265,800 Employees
Last Reported Date: 07/14/15
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 Reports Un-Audited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Announces Net Charge-Offs for the Second Quarter of 2015

Wells Fargo & Company reported un-audited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net income applicable to common stock of $5.4 billion, or $1.03 per diluted common share compared with $5.4 billion, or $1.01 per share, for second quarter 2014, and $5.8 billion, or $1.04 per diluted share, for first quarter 2015. Net interest income increased $284 million from first quarter 2015 to $11.3 billion, primarily due to broad-based asset growth including investment securities, loans, trading assets and mortgages held-for-sale and net interest income was $10.8 billion in second quarter of 2014. The company reported total interest income of $12.2 billion compared to $11.8 billion, income before income tax expense of $8.5 billion compared to $8.7 billion, net income before non-controlling interests of $5.8 billion compared to $5.8 billion, return on assets was 1.33% compared to 1.47% and return on equity was 12.71% compared to 13.40% in the last year. For the six months, the company reported net income applicable to common stock of $10.8 billion, or $2.07 per diluted common share compared with $11.0 billion, or $2.06 per diluted share, total interest income of $24.2 billion compared to $23.4 billion, net interest income of $22.2 billion compared to $21.4 billion, income before income tax expense of $16.7 billion compared to $17.0 billion, net income before non-controlling interests of $11.7 billion compared to $11.9 billion for the last year. Book value per common as on June 30, 2015 was $32.96 compared to $31.18 per share as on June 30, 2014. The company announced net charge-offs of $650 million, down $67 million from second quarter 2014 and $708 million in the first quarter of 2015.

Wells Fargo Appetites For More GE Capital Assets

Wells Fargo & Company (NYSE:WFC) is looking at more financial assets being unloaded by General Electric Company (NYSE:GE)'s General Electric Capital Corporation after it bought $9 billion of real estate loans from GE. Portions of GE's $74 billion Commercial Loans and Leases portfolio that are up for sale now "fit nicely with the businesses at Wells Fargo," John Shrewsberry, Chief Financial Officer of Wells Fargo, said.

Wells Fargo Is Looking For Acquisitions

Wells Fargo & Company (NYSE:WFC) is looking for acquisitions. Wells Fargo's strong liquidity position and capital level has positioned well to serve existing customers, while growing customer base organically and through acquisition.

 

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WFC:US $57.87 USD -0.28

WFC Competitors

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Industry Analysis

WFC

Industry Average

Valuation WFC Industry Range
Price/Earnings 14.1x
Price/Sales 3.6x
Price/Book 1.8x
Price/Cash Flow 13.0x
TEV/Sales NM Not Meaningful
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