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Last $56.18 USD
Change Today +0.14 / 0.25%
Volume 13.1M
As of 8:04 PM 06/2/15 All times are local (Market data is delayed by at least 15 minutes).

wells fargo & co (WFC) Snapshot

Open
$56.01
Previous Close
$56.04
Day High
$56.45
Day Low
$55.74
52 Week High
05/19/15 - $56.70
52 Week Low
10/15/14 - $46.44
Market Cap
289.3B
Average Volume 10 Days
13.7M
EPS TTM
$4.09
Shares Outstanding
5.1B
EX-Date
05/6/15
P/E TM
13.7x
Dividend
$1.50
Dividend Yield
2.54%
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

General Electric To Sell Its US Lending Assets

General Electric Company (NYSE: GE) has launched the sales process for a roughly $40 billion portion of its U.S. commercial lending assets as a part of its broad retreat from its finance businesses, a source familiar with the situation said. GE spokesman declined to comment. U.S. Bancorp (NYSE:USB), Wells Fargo & Company (NYSE:WFC), Ally Financial Inc. (NYSE:ALLY), General Electric Company (NYSE:GE), The Toronto-Dominion Bank (TSX:TD), Capital One Financial Corporation (NYSE:COF) are among the potential bidders for the GE assets, the paper said, citing people familiar with the matter. GE is working with Credit Suisse Group AG and Goldman Sachs Group Inc on the sale, while J.P. Morgan Chase & Co is overseeing all of the sales processes, according to the source.

Wells Fargo & Co. to Lay Off 89 Workers

Wells Fargo & Co. announced that it will lay off 89 workers at the Plaza building at 5th and Market streets in Old City where it houses much of its local administrative operations. The bank announced in a Worker Adjustment and Retraining Notification Act (WARN) notice that the jobs will be cut July 13.

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.

 

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Industry Analysis

WFC

Industry Average

Valuation WFC Industry Range
Price/Earnings 13.7x
Price/Sales 3.5x
Price/Book 1.7x
Price/Cash Flow 12.6x
TEV/Sales NM Not Meaningful
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