WFC - Wells Fargo & Company

NYSE - NYSE Delayed price. Currency in USD
+0.05 (+0.10%)
At close: 4:00PM EDT

52.87 +0.26 (0.49%)
Pre-market: 6:26AM EDT

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Previous close52.56
Bid52.05 x 100
Ask52.92 x 200
Day's range52.17 - 52.84
52-week range49.27 - 66.31
Avg. volume24,425,611
Market cap256.415B
PE ratio (TTM)12.56
EPS (TTM)4.19
Earnings date13 Jul 2018
Forward dividend & yield1.56 (3.07%)
Ex-dividend date2018-02-01
1y target est63.00
Trade prices are not sourced from all markets
  • Reuters6 hours ago

    In Des Moines, Wells Fargo looks to soothe critics

    Wells Fargo & Co (WFC.N) executives planned to convey a message of atonement to shareholders at the bank's annual meeting in Des Moines, Iowa on Tuesday as it works to convince investors and regulators a sweeping sales scandal is a thing of the past. "Our top priority remains rebuilding the trust of our shareholders, customers, team members, communities, and regulators," Chief Executive Tim Sloan wrote in a letter introducing the bank's proxy statement. The letter was also signed by Elizabeth Duke, a former Federal Reserve governor named chair of Wells Fargo's board last year in a broader overhaul.

  • The Wall Street Journal7 hours ago

    [$$] California Treasurer Assails Wells CEO

    California state Treasurer John Chiang called for the removal of Wells Fargo & Co. Chief Executive Timothy Sloan, citing the bank’s widespread problems. A Wells Fargo spokesman said the San Francisco-based bank has made “significant progress on making things right for our customers, and strengthening operational processes, compliance and oversight.” He also cited work the bank has done for its home state, including in 2009 during the state’s cash shortfall and a 2017 loan to the state for repairs to Oroville Dam north of Sacramento. Wells Fargo is one of the top employers in California, with 40,000 workers.

  • The Wall Street Journal16 hours ago

    California Treasurer Calls for Wells Fargo CEO Removal Amid 'Laundry List of Misdeeds'

    Wells Fargo is one of the top employers in California with 40,000 employees. Mr. Chiang spoke at an event in San Francisco scheduled a day before Wells Fargo's annual shareholder meeting Tuesday in Des Moines, Iowa.

  • MarketWatch18 hours ago

    SIG cuts Wells Fargo price targets in the wake of billion-dollar fine

    SIG analyst Jack Micenko on Monday cut his estimates for per-share earnings for Wells Fargo & Co. in the wake of the Friday announcement that the bank would pay $1 billion in fines after years of customer misdeeds. Wells shares have lost 13% for the year to date, while the S&P 500 is roughly flat.

  • Wells Fargo, NextEra Energy Join to Boost Clean Energy in California, Indiana, Nebraska
    Business Wire18 hours ago

    Wells Fargo, NextEra Energy Join to Boost Clean Energy in California, Indiana, Nebraska

    Following Wells Fargo’s $200-billion low-carbon commitment announced last week, its Renewable Energy and Environmental Finance unit today announced the completion of $70 million in tax-equity funding for the Pacific Plains wind projects, including facilities in Indiana, Nebraska, and California.

  • Wells Fargo CEO's pay details spark pushback by some employees
    Reuters18 hours ago

    Wells Fargo CEO's pay details spark pushback by some employees

    WASHINGTON/BOSTON (Reuters) - Wells Fargo & Co's (WFC.N) disclosure of how its chief executive's pay compares to the rest of its workforce has drawn criticism from some company employees ahead of the scandal-plagued bank's annual shareholder meeting. Separately, a worker advocacy group said it plans to raise pay issues on Tuesday at the shareholder meeting in Des Moines, Iowa. Wells Fargo CEO Tim Sloan earned $17.6 million for 2017, according to its proxy filing, an estimated 291 times the median of the annual total compensation of all the bank's workers.

  • Strong ETF Inflows Continued Last Week
    Market Realist20 hours ago

    Strong ETF Inflows Continued Last Week

    ETF inflows maintained the strong momentum last week amid solid corporate earnings growth. According to FactSet, US-listed ETFs attracted $11 billion worth of inflows, which takes the year-to-date inflows to $82.1 billion. The smart recovery in global stocks inspired investors to put $7.9 billion into equities (JPM) (WFC) (C)—$6.8 billion was in US equities, while the remaining was in international equities. US fixed-income ETFs added $2.2 billion, while international fixed-income ETFs garnered $458 million. The benchmark ten-year Treasury yield rose to 3% compared to 2. ...

  • Wells Fargo Pays Some More Fines
    Bloomberg20 hours ago

    Wells Fargo Pays Some More Fines

    "I am especially pleased that we were able to work closely and effectively with our colleagues at the OCC, and I appreciate the key role they played in the negotiations," said Bureau Acting Director Mick Mulvaney. Not for the infamous fake accounts -- the CFPB and OCC fined Wells Fargo, $100 million and $35 million respectively, for those back in 2016 -- but for requiring auto-loan borrowers to pay for Wells Fargo's insurance on their cars even when the borrowers already had their own insurance, and for charging mortgage borrowers to extend interest-rate locks even when the need for an extension was Wells Fargo's fault. It is all a bit less sexy than the fake accounts, which had the public-relations advantages of being ridiculous and having a catchy name.

  • What’s Charles Schwab’s Valuation?
    Market Realist23 hours ago

    What’s Charles Schwab’s Valuation?

    Charles Schwab (SCHW) has a price-to-earnings ratio of 20.80x on an NTM (next-12-month) basis, which implies a premium valuation, as the average for competitors is 11.30x. Morgan Stanley (MS), Wells Fargo (WFC), and Raymond James Financial (RJF) have price-to-earnings ratios of 11.26x, 10.55x, and 12.10x, respectively, on an NTM basis.

  • How Charles Schwab’s Total Expenses Trended in 1Q18
    Market Realist23 hours ago

    How Charles Schwab’s Total Expenses Trended in 1Q18

    Charles Schwab’s (SCHW) total expenses excluding interest amounted to $1.4 billion in 1Q18, which implies a rise sequentially and YoY (year-over-year). Charles Schwab’s compensation and benefits expenses amounted to $770 million in 1Q18 compared to $711 million in 4Q17, which implies an 8% increase. Charles Schwab incurred professional services expenses amounting to $156 million in 1Q18, while in 1Q17, it incurred $133 million, a rise of 17%.

  • Analyzing Charles Schwab’s Total Client Assets
    Market Realist23 hours ago

    Analyzing Charles Schwab’s Total Client Assets

    Charles Schwab (SCHW) ended 1Q18 with total client assets amounting to $3.3 trillion, a fall compared to 4Q17 but a rise on a year-over-year basis. In 1Q18, the company posted total proprietary mutual funds amounting to $228.4 billion, while in 4Q17, the figure stood at $246.1 billion. This decline was mainly because of a fall in money market funds from $163.6 billion in 4Q17 to $145 billion in 1Q18.

  • Charles Schwab Beat 1Q18 Revenue Estimates
    Market Realist23 hours ago

    Charles Schwab Beat 1Q18 Revenue Estimates

    Charles Schwab (SCHW) posted earnings per share (or EPS) of $0.55 in 1Q18, which exceeded expectations by $0.02. Brokerages (XLF) have benefitted from market volatility, as it prompts customers to increase trading activity.

  • The Wall Street Journalyesterday

    [$$] How Wells Fargo’s $1 Billion Settlement Affects Its Earnings

    Wells Fargo said its $1 billion regulatory settlement was prompting it to revise its first-quarter profit downward by $800 million, cutting its per-share earnings to 96 cents a share from the initially ...

  • The Wall Street Journalyesterday

    [$$] Wells Fargo Struggles to Meet an Enforcement-Action Deadline

    Meanwhile, it is planning to ask the OCC for an extension of a deadline to satisfy an enforcement action related to anti-money-laundering controls, according to people familiar with the matter. Wells Fargo’s wholesale business, which works with larger corporate customers, has been having problems for months satisfying a November 2015 consent order from the OCC. If Wells Fargo misses a June 30 deadline from the OCC to satisfy that order’s requirements, it could result in another enforcement action against the bank, these people said.

  • Wells Fargo CEO Faces Scrutiny of Unit He Ran

    Wells Fargo CEO Faces Scrutiny of Unit He Ran

    Wells Fargo & Co.’s struggle to shore up money-laundering controls in its division serving companies may prove awkward for Chief Executive Officer Tim Sloan as he faces shareholders Tuesday. Now, Wells Fargo plans to ask the OCC to extend a June 30 deadline to make good on the pledge, the Wall Street Journal reported Sunday, citing unidentified people familiar with the matter. A Wells Fargo spokesman declined to comment, and an OCC spokesman didn’t immediately respond to a message seeking comment Sunday.

  • MarketWatch2 days ago

    Here’s what Wells Fargo did to trigger a $1 billion fine

    Unlike many of the scandals that have triggered billion-dollar penalties, the problems that triggered a 10-figure federal government settlement for Wells Fargo don’t appear to have colorful emails or trader ...

  • Reuters2 days ago

    U.S. banks push mortgage apps as home lending slows

    Bank of America Corp (BAC.N) has spent $1 billion on its digital banking services in the last six years and launched its lineup of techy mortgage products last week. Bank of America's app automatically fills in a customer's address, employment history and other information that the bank already has, cutting out hundreds of boxes customers would otherwise have to fill. Quicken Loans was the first to gain traction with digital home loans following its 2016 Rocket Mortgage launch.

  • MarketWatch3 days ago

    New accounting rule raises revenue for big banks, but not all are highlighting the change

    JPM says revenue is higher by $303 million but Citi, Bank of America are less forthcomingReutersJP Morgan CEO Jamie Dimon speaks at a Remain in the EU campaign event attended by Britain's Chancellor of the Exchequer George Osborne (not shown) at JP Morgan's corporate centre in Bournemouth, southern Britain, June 3, 2016. As new accounting standards for recognizing revenue take effect in the first quarter of 2018, big banks are taking decidedly different tacks in explaining how some revenues would be reported going forward, and why they are higher or lower than what investors may have expected. The biggest commercial and investment banks have already explained how new rules for reporting revenue, effective for most public companies on Jan 1, would impact results.

  • MarketWatch3 days ago

    Mulvaney’s first fine at CFPB is second-largest in history of agency

    The $1 billion fine imposed by the Consumer Financial Protection Bureau, and first since Mick Mulvaney took over the agency, ranks as the second-highest in the history of the agency.

  • MarketWatch3 days ago

    Weekend roundup: Amazon’s prime success | Wells Fargo’s sins | Netflix’s blowout

    Here are MarketWatch articles to read this weekend.

  • Wells Fargo's Big Fine Puts Fresh Focus on Power of Trump Tweets
    Bloomberg3 days ago

    Wells Fargo's Big Fine Puts Fresh Focus on Power of Trump Tweets

    For years, Republican lawmakers and regulators have groused about big corporate fines, arguing that they mostly punish blameless shareholders, not the executives who are responsible for misconduct. Then President Donald Trump tweeted his ire about Wells Fargo & Co. and -- at least in the case of the embattled bank -- the GOP is singing a different tune. Watchdogs appointed by Trump -- including a conservative former congressman -- announced Friday that Wells Fargo would pay $1 billion to settle allegations that its auto-lending and mortgage businesses abused consumers.

  • The Wall Street Journal3 days ago

    [$$] Wells Fargo to Pay $1 Billion to Settle Risk Management Claims

    Wells Fargo agreed to pay $1 billion to settle federal claims of misconduct in its auto and mortgage lending businesses. The fine is the largest against a bank so far in the Trump administration.

  • Wells Fargo's $1 billion fine doesn't fit the 'crime': Securities attorney
    CNBC3 days ago

    Wells Fargo's $1 billion fine doesn't fit the 'crime': Securities attorney

    The $1 billion that Wells Fargo must pay to settle lending abuses is not high enough, securities attorney Andrew Stoltmann says.

  • Mayo Says Investors Ask 'Where's My Dessert?'
    Bloomberg Video20 hours ago

    Mayo Says Investors Ask 'Where's My Dessert?'

    Apr.23 -- Mike Mayo, Wells Fargo Securities senior bank analyst, says the bank earnings results validate his bullish take on the sector. He speaks with Vonnie Quinn on "Bloomberg Markets."

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