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November 22, 2009 12:02 AM ET

Wells Fargo & Company

(WFC:NYSE)

LAST $27.87 USD
CHANGE TODAY -0.45 -1.59%
VOLUME 41.9M
As of 4:00 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).

Snapshot of Wells Fargo & Company (WFC)

OPEN
$28.21
PREVIOUS CLOSE
$28.32
DAY HIGH
$28.28
DAY LOW
$27.66
52 WEEK HIGH
12/9/08 - $32.76
52 WEEK LOW
03/5/09 - $7.80
MARKET CAP
130.6B
AVERAGE VOLUME 3 mo
36.1M
DILUTED EPS TTM
$0.85
SHARES OUTSTANDING
4.7B
EX-DATE
11/4/09
P/E TTM
32.8x
DIVIDEND
$0.20
DIVIDEND YIELD
0.72%
K = Thousands  M = Millions  B = Billions
BUSINESS EXCHANGE RELATED TOPICWells Fargo

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WFC Details

Wells Fargo & Company, through its subsidiaries, provides retail, commercial, and corporate banking services principally in the United States. The company operates through three segments: Community Banking, Wholesale Banking, and Wells Fargo Financial. The Community Banking segment offers deposit products, including checking accounts, savings deposits, market rate accounts, individual retirement accounts, time deposits, and debit cards. Its loan products include lines of credit, equity lines and loans, equipment and transportation loans, education loans, residential mortgage loans, and credit cards. This segment also provides receivables and inventory financing, equipment leases, real estate financing, small business administration financing, venture capital financing, cash management, payroll services, retirement plans, and merchant payment processing services. The Wholesale Banking segment provides commercial and corporate banking products and services, including commercial loans and lines of credit, letters of credit, asset-based lending, equipment leasing, mezzanine financing, high-yield debt, foreign exchange services, treasury management, investment management, institutional fixed-income sales, commodity and equity risk management, insurance, corporate trust fiduciary and agency services, and investment banking services. This segment also provides banking products for commercial real estate market. The Wells Fargo Financial segment engages in consumer finance and auto finance operations. Consumer finance operations make direct consumer and real estate loans to individuals and purchase sales finance contracts from retail merchants; and finance operations engage in making loans secured by autos. This segment also offers credit cards, as well as lease and other commercial financing products. As of December 31, 2008, Wells Fargo & Company provided its services through 11,000 stores. The company was founded in 1929 and is headquartered in San Francisco, California.

WFC Top Compensated Officers

Chief Executive Officer, President, Director ...
Age: 55
Total Annual Compensation: $878.9K
Chairman
Age: 65
Total Annual Compensation: $993.0K
Chief Financial Officer, Head of Investor Rel...
Age: 57
Total Annual Compensation: $598.8K
Senior Executive Vice President of Home & Con...
Age: 54
Total Annual Compensation: $598.8K
Senior Executive Vice President of Wholesale ...
Age: 53
Total Annual Compensation: $598.8K
Compensation as of Fiscal Year 2008.

Key developments for Wells Fargo & Company (WFC)

Wells Fargo & Company Launches New Application for iPhone

Wells Fargo & Company has announced that it has launched a new application for iPhones. The bank said that the new application is an extension of its 'CEO Mobile' application, and its launch follows customer demand for an iPhone application. Existing users' authorization to access services and reports on the CEO Mobile portal has been automatically extended so that it may be used to receive the new service on iPhones. The bank said that the new application empowers users to track account activity and oversee cash management functions while being away from the office.

Wells Fargo & Company - Conference Presentation Call

Wells Fargo & Company - Conference Presentation Calls

Federal Court Certifies Nationwide Class of Wells Fargo Technical Support Workers Seeking Overtime Pay

Kelly M. Dermody of Lieff Cabraser Heimann & Bernstein, LLP, announced that current and former Wells Fargo & Company technical support workers throughout the United States are a significant step closer to recovering pay for overtime hours they worked. Yesterday, Judge Claudia Wilken of the United States District Court for the Northern District of California granted plaintiffs' motion for certification of the case as a collective action. The complaint charges that the workers should have been paid overtime for hours worked over 40 per week. The next step in the litigation the providing of notice to class members. A one-page form, called a 'consent to join form,' will be sent by U.S. mail and email to the several thousand employees, within nine days. Each employee should protect his or her rights by returning the form to the plaintiffs' counsel. Until an individual sends in that form, his or her statute of limitations (the time period for which overtime pay can be recovered) continues to run.

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Stock Quotes

Company Lookup
Recently Viewed
WFC $27.87 USD -0.45
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DCM $14.57 USD +0.04
FNM $1.02 USD -0.01

Market data is delayed at least 20 minutes.

WFC Competitors

Company Last Change
American International Group Inc $35.10 USD -0.56
Bank of America Corp $16.09 USD +0.01
JPMorgan Chase and Co $42.46 USD -0.09
Manulife Financial Corp C$18.96 CAD +0.01
MetLife Inc $33.90 USD -0.30
View Industry Companies
Market data is delayed at least 20 minutes.

Industry Analysis

Valuation WFC Industry Range
Price/Earnings 26.0x
Price/Sales 2.5x
Price/Book 1.4x
Price/Cash Flow 19.4x
TEV/Sales NM Not Meaningful

WFC

 | 

WFC transactions

Type
Date
Target
Bankruptcy
November 15, 2009
Champion Enterprises Inc.
Bankruptcy
November 4, 2009
Panolam Industries International Incorporated
Bankruptcy
October 30, 2009
Ray Lloyd Realty and Construction Co.
View More WFC Transactions...

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