Wells Fargo & Company (WFC-PQ)
| Previous close | 23.53 |
| Open | 23.65 |
| Bid | 0.00 x 800 |
| Ask | 24.50 x 1000 |
| Day's range | 23.34 - 23.66 |
| 52-week range | 22.22 - 25.39 |
| Volume | |
| Avg. volume | 210,594 |
| Market cap | 188.557B |
| Beta (5Y monthly) | 1.17 |
| PE ratio (TTM) | 4.86 |
| EPS (TTM) | 4.83 |
| Earnings date | N/A |
| Forward dividend & yield | 1.46 (6.22%) |
| Ex-dividend date | 27 Feb 2023 |
| 1y target est | N/A |
- Yahoo Finance Video
Senator on banks: This is not 2008
As the U.S. continues to deal with the aftermath of the Silicon Valley Bank collapse, executives at the failed bank are facing growing calls for clawbacks. A clawback is a clause that requires a worker to return money already paid by an employer in the event of fraud or misconduct. According to several reports, days before the chaos ensued, SVB paid its employees annual bonuses, while CEO Greg Becker cashed out over $2 million worth of the bank stocks. Maryland Senator Chris Van Hollen, a member of the Senate Banking Committee, joined Brad Smith and Julie Hyman to discuss the bank collapse. "It really is important that we find ways to claw back proceeds, because people who are responsible for decisions that collapsed a bank should not be able to make profits or get compensation from that bank," he says. "Certainly not in close proximity to the time that it went under," he adds.The Senator emphasized that although emergency measures were taken, this move by the government was not a bailout. "This is not 2008, when there was a bailout of the banks. This was a very different response," he says. Watch the entire interview here. Key Video Moments 00:00:50: Compensation clawbacks 00:01:20: Importance of clawbacks
- Zacks
Wells Fargo (WFC) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Wells Fargo (WFC) closed at $37.38, marking a -1.55% move from the previous day.
- Reuters
Wells Fargo to pay $97 million for sanctions compliance failures
(Reuters) -Wells Fargo & Co will pay fines of about $97.8 million for inadequate oversight of its compliance risks, enabling the apparent violation of U.S. sanctions against Iran, Syria and Sudan, federal authorities said on Thursday. The Federal Reserve and the Treasury Department's Office of Foreign Assets Control (OFAC) said the bank's deficient oversight enabled it to violate U.S. sanctions by providing a trade finance platform to a foreign bank that used it to process $532 million in prohibited transactions. The Fed fined Wells Fargo $67.8 million, while OFAC fined the bank $30 million for inadequate oversight of its compliance risks from 2010 to 2015.
