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Last $900.01 MXN
Change Today +28.51 / 3.27%
Volume 2.9K
As of 4:09 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

wells fargo & co (WFC*) Snapshot

Open
$895.14
Previous Close
$871.50
Day High
$905.00
Day Low
$895.14
52 Week High
07/30/15 - $957.70
52 Week Low
10/15/14 - $637.00
Market Cap
4.6T
Average Volume 10 Days
1.8K
EPS TTM
--
Shares Outstanding
5.1B
EX-Date
08/5/15
P/E TM
--
Dividend
$1.46
Dividend Yield
2.43%
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: 08/5/15
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

Independent ATM Operators Gain Legal Backing Against Card and Banking Companies

Independent ATM operators in the US have won an important legal victory in Washington. The US Court of Appeals for the District of Columbia has reopened two class action suits, which allege that some banking companies resorted to anti-competitive strategies. Visa, MasterCard, Bank of America, JPMorgan Chase and Wells Fargo were alleged to have resorted to anticompetitive and illegal strategies. Visa and MasterCard are alleged to have enacted rules that protected them from competition from lower-cost ATM networks. If the cases are successful, lower-cost networks could provide a reduction in fees for both businesses and consumers.

Wells Fargo & Company Announces Executive Changes to the Wells Fargo Home Lending

Wells Fargo & Company announced that Michael J. 'Mike' Heid, executive vice president and head of Wells Fargo Home Lending, will retire after nearly 28 years with the company and 11 years leading the mortgage division. Effective Oct. 1, 2015, Franklin Codel, executive vice president and currently head of Mortgage Production, will succeed Heid as head of Wells Fargo Home Lending. Reporting to Avid Modjtabai, senior executive vice president and head of Wells Fargo’s Consumer Lending Group, Codel will oversee the business and strategic direction of the company’s home lending operation, which includes 45,000 team members. Heid will continue in his current leadership role at Wells Fargo until Sept. 30, 2015 and will remain with the company until the end of the year to ensure a smooth transition. Codel has more than 26 years of experience in the mortgage industry and has led Wells Fargo’s Mortgage Production team since 2011, including sales, operations, quality, compliance, underwriting, and support functions for both Consumer and Correspondent Lending.

Wells Fargo Mulls Sale Of Rural Community

Wells Fargo & Company (NYSE:WFC) intends to sell Rural Community Insurance Agency, Inc. "Wells Fargo regularly evaluates the strengths and strategic fit for each of its businesses," the company said in a statement. "As our model continues to evolve, we are more focused on increasing cross sell and growing the distribution side of the insurance business. As a result, we are considering strategic options for Rural Community Insurance Services that may include a sale of the business (excluding the Wells Fargo Insurance Crop Agency)."

 

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WFC*:MM $900.01 MXN +28.51

WFC* Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Agricultural Bank of China Ltd CNY2.96 CNY -0.02
Bank of America Corp $16.44 USD +0.38
Industrial & Commercial Bank of China Ltd CNY4.19 CNY -0.05
JPMorgan Chase & Co $64.48 USD +1.57
Microsoft Corp $43.90 USD +1.19
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Industry Analysis

WFC*

Industry Average

Valuation WFC* Industry Range
Price/Earnings 12.7x
Price/Sales 3.2x
Price/Book 1.6x
Price/Cash Flow 11.7x
TEV/Sales NM Not Meaningful
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