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Wells Fargo & Company (WFC-PY)

NYSE - NYSE Delayed price. Currency in USD
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26.16+0.04 (+0.15%)
At close: 3:59PM EDT
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  • p
    progtal2012
    Dividend Doubling Declaration Date today?
  • J
    Johnson
    Great looking chart, on a down day. Good news on the horizon.
  • e
    erika
    Wfc the only stock that’s been green no matter what. Now with the new dividends, time to buy more !
  • F
    Franklin
    Former CEO of WFC was on CNBC talking down economy and markets. Such a negative ship.
  • B
    B.A.
    We seem to be stuck in a range pending the Q3 buyback numbers and Q3 earnings release. I think that is just the way Charlie wants it. Less $ for more shares.
  • M
    Monday
    Buying WFC under $45 is the best thing you can do today for your 2022
    Thank me later
  • M
    Mike
    Phase 3 of uptrend after cup-n-handle is roaring now
    See you at $50 soon
  • w
    wb 46
    (Reuters) -Wells Fargo & Co's Chief Executive Officer Charlie Scharf said the bank was not yet planning for the end of a damaging asset cap imposed by regulators after it smashed Wall Street estimates for second-quarter earnings.

    The Federal Reserve in early 2018 ordered Wells Fargo to keep its assets below $1.95 trillion, until it had improved its governance and risk controls following a wave of sales practice scandals.

    The asset cap constrains Wells Fargo's ability to make new loans and grow as rapidly as rival banks, and Scharf has pushed for its removal since his appointment in September 2019.

    Asked by analysts if the bank was factoring an end to the cap into future projections, Scharf replied, "We're not even thinking about what life is like without the asset cap."

    "The work remaining is significant, and as such, this remains a multi-year journey for us," he said.
  • D
    DanielM
    dividend has been doubled!
  • b
    b
    At this moment, I own 23000 shares. Waiting for the dividends to go back to $2 or more. I dream of the day the dividends hit $5 and I can retire. Probably not gonna happen for another 10 years.
  • B
    Bunny
    Capital restriction should be releasing soon.
  • r
    r
    So WFC is down after a fantastic quarter while didi is up and Nio is still holding strong in the 40s after recovery of $2 a share yet nothing with them has changed.
  • R
    Ridge
    Corrupted WF down, big after earnings, BAC down 2.00 5%. Both banks u cannot trust
  • n
    nikolich
    If you’re looking for a short and sweet guide to the day’s biggest news, I recommend (http://Pick-stocks.com). They breakdown the most important pre-market news and it only takes a few minutes to read.
  • b
    b
    Ok. This is not good. I thought I will keep adding when it is low. This much of a jump throws my plans awry.
  • S
    Sincere
    In the green baby
  • K
    Ken
    What's next 50 or 40?
  • b
    bull
    Told yah! Sell!
  • K
    Kevin
    Wealth Management layoffs next week
  • R
    REG
    Regarding the technicals.

    A shorter cup with handle has moved us into the mid 40's. Consolidating since.

    If we see a new 52 week high thru 49-50 then...a much larger cup with handle chart points to a potential 64-81 target.

    catalysts-

    Dividend increase?

    10% share buy back?

    Loan loss releases?

    Expense ratio reduction?

    Asset cap removal or increase?

    Higher 10 year treasury rates?

    I'm in.