Last R$139.00 BRL
Change Today -1.00 / -0.71%
Volume 200.0
WFCO34 On Other Exchanges
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As of 2:00 PM 01/26/15 All times are local (Market data is delayed by at least 15 minutes).

wells fargo - bdr (WFCO34) Snapshot

Open
R$139.00
Previous Close
R$140.00
Day High
R$139.00
Day Low
R$139.00
52 Week High
12/23/14 - R$151.60
52 Week Low
04/10/14 - R$105.13
Market Cap
725.6B
Average Volume 10 Days
3.2K
EPS TTM
--
Shares Outstanding
5.2B
EX-Date
11/5/14
P/E TM
--
Dividend
R$3.60
Dividend Yield
2.38%
Current Stock Chart for WELLS FARGO - BDR (WFCO34)

wells fargo - bdr (WFCO34) Details

Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. The company’s Community Banking segment offers checking and market rate accounts, savings and time deposits, individual retirement accounts, and remittances; and lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and credit and debit 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, health savings accounts, 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 December 3, 2014, it operated through 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.

264,500 Employees
Last Reported Date: 01/14/15
Founded in 1852

wells fargo - bdr (WFCO34) Top Compensated Officers

Chairman, Chief Executive Officer and Preside...
Total Annual Compensation: $2.8M
Senior Executive Vice President of Community ...
Total Annual Compensation: $1.7M
Senior Executive Vice President of Wholesale ...
Total Annual Compensation: $1.7M
Head of Consumer Lending Group and Senior Exe...
Total Annual Compensation: $1.7M
Head of Wealth, Brokerage & Retirement Divisi...
Total Annual Compensation: $1.7M
Compensation as of Fiscal Year 2013.

wells fargo - bdr (WFCO34) Key Developments

Wells Fargo & Company Restates Certificate of Incorporation

Article fourth of Wells Fargo & Company's restated Certificate of Incorporation, as amended, authorized the issuance from time to time of shares of Preferred Stock, without par value. On January 22, 2015, the company filed with the Delaware Secretary of State a Certificate of Designation which, effective upon filing, designated a series of such Preferred Stock as 5.875% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series U, authorized 80,000 shares of 5.875% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series U, without par value and with a liquidation preference amount of $25,000 per share and the voting powers, preferences and relative, participating, optional or other special rights, and qualifications, limitations or restrictions thereof, of the Series U Preferred Stock which are not fixed by the company's restated Certificate of Incorporation.

Consumer Financial Protection Bureau Fines Banks for Mortgage Kickbacks

Wells Fargo and JPMorgan Chase have been ordered to pay $35.7 million in penalties for "illegal mortgage kickbacks" as a result of the joint investigation by the Consumer Financial Protection Bureau, the state of Maryland and the Maryland Insurance Administration. In violation of the Real Estate Settlement Procedures Act, the CFPB said both banks allegedly participated in an "illegal marketing-services-kickback scheme" with Genuine Title of Maryland, which went out of business in April of last year. The CFPB said Genuine Title gave the banks' loan officers cash, marketing materials, and consumer information in exchange for business referrals.

Wells Fargo and JPMorgan Chase Settle Mortgage Kickbacks Probe

Wells Fargo and JPMorgan Chase have agreed to pay more than $35 million combined to resolve claims that loan officers at the two banks received kickbacks in exchange for steering mortgage borrowers to a Maryland title company. The Consumer Financial Protection Bureau said that JPMorgan and Wells Fargo each agreed to consent orders filed in federal court to settle the claims. Wells Fargo has agreed to pay $24 million in civil penalties and $10.8 million to consumers affected by the scheme. JPMorgan is to pay $600,000 in penalties and about $300,000 in redress. The CFPB and the Maryland attorney general found that loan officers at the banks referred borrowers to a now-defunct title company, Genuine Title, in exchange for cash and marketing services. Federal law prohibits giving anything of value in exchange for a referral of business related to a real estate settlement service. According to the CFPB, loan officers at Wells Fargo and JPMorgan sent homebuyers financing a mortgage through the banks to Genuine Title, which provided real estate closing services. In return, the title company, which went out of business last April, provided the loan officers with cash, as well as consumer information and marketing services aimed at helping them drum up more loan business, the CFPB said. The CFPB noted that more than 100 Wells Fargo loan officers in at least 18 branches, mainly in Maryland and Virginia, participated in the scheme, referring thousands of loans to Genuine Title.

 

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Industry Analysis

WFCO34

Industry Average

Valuation WFCO34 Industry Range
Price/Earnings 13.0x
Price/Sales 3.3x
Price/Book 1.7x
Price/Cash Flow 11.9x
TEV/Sales NM Not Meaningful
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