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Last $54.70 USD
Change Today -0.16 / -0.29%
Volume 15.3M
As of 8:04 PM 04/24/15 All times are local (Market data is delayed by at least 15 minutes).

wells fargo & co (WFC) Snapshot

Open
$54.76
Previous Close
$54.86
Day High
$54.92
Day Low
$54.61
52 Week High
03/23/15 - $56.29
52 Week Low
10/15/14 - $46.44
Market Cap
282.4B
Average Volume 10 Days
16.2M
EPS TTM
$4.09
Shares Outstanding
5.2B
EX-Date
02/4/15
P/E TM
13.4x
Dividend
$1.40
Dividend Yield
2.56%
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: 04/14/15
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
Senior Executive Vice President of Wholesale ...
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

SunTrust, Apollo, Ares Reportedly Eyeing GE’s Buyout-Lending Unit

Potential suitors are eyeing unit of General Electric Company (NYSE:GE) (GE). Bloomberg reported, citing people with knowledge of the matter as saying that SunTrust Banks, Inc. (NYSE:STI), Apollo Global Management, LLC (NYSE:APO), and Ares Management, L.P. (NYSE:ARES) are considering offers for buying GE’s unit that lends to private-equity firms in the United States. The news report mentioned that GE is working with Citigroup to sell the business, expected to be worth $10 billion. The division is among the $200 billion of assets put up for sale in April 2015. GE is also working with Bank of America Corp on a separate sale process for its European private equity-lending arm, which has about $6 billion in loans, Bloomberg report mentioned. According to the news report, Sue Bishop, a GE Capital spokeswoman, declined to comment. On Monday, Reuters reported that GE is in early-stage talks with Wells Fargo & Company (NYSE:WFC) for selling its $74 billion U.S. commercial lending and leasing portfolio.

General Electric In Talks To Sell $74 billion Unit To Wells Fargo

General Electric Company (NYSE:GE) is in talks to sell all or part of its a $74 billion unit that provides loans to midsize U.S. businesses to Wells Fargo & Company (NYSE:WFC). Other bidders are also involved, the paper reported, citing people familiar with the matter.

GE Reportedly Talks With WFC

General Electric Company (NYSE:GE) is in early-stage talks with Wells Fargo & Company (NYSE: WFC) about selling its entire $74 billion U.S. commercial lending and leasing portfolio to the bank, according to a source familiar with the situation. The discussions with Wells Fargo started just last week and other parties may also hold talks with GE about buying the entire U.S. CLL portfolio, the source said. The source asked not to be identified because the talks are confidential. GE and Wells Fargo declined to comment. GE has hired JPMorgan Chase & Co and Goldman Sachs Group Inc. to coordinate the overall finance disposition plan but has brought in more banks to explore the sale of pieces of commercial lending and leasing, according to people familiar with the matter.

 

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WFC Competitors

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Industry Analysis

WFC

Industry Average

Valuation WFC Industry Range
Price/Earnings 13.4x
Price/Sales 3.4x
Price/Book 1.7x
Price/Cash Flow 12.3x
TEV/Sales NM Not Meaningful
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