Last $52.31 USD
Change Today +0.37 / 0.71%
Volume 10.5M
WFC On Other Exchanges
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As of 8:04 PM 09/16/14 All times are local (Market data is delayed by at least 15 minutes).

wells fargo & co (WFC) Snapshot

Open
$51.78
Previous Close
$51.94
Day High
$52.48
Day Low
$51.78
52 Week High
07/3/14 - $53.08
52 Week Low
10/9/13 - $40.07
Market Cap
273.1B
Average Volume 10 Days
10.1M
EPS TTM
$4.05
Shares Outstanding
5.2B
EX-Date
08/6/14
P/E TM
12.9x
Dividend
$1.40
Dividend Yield
2.49%
Current Stock Chart for WELLS FARGO & CO (WFC)

wells fargo & co (WFC) Related Businessweek News

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wells fargo & co (WFC) 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 March 7, 2014, it operated through 9,000 locations and 12,000 ATMs, and offices in 36 countries, as well as through wellsfargo.com. The Company was founded in 1852 and is headquartered in San Francisco, California.

263,500 Employees
Last Reported Date: 08/6/14
Founded in 1852

wells fargo & co (WFC) 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
Senior Executive Vice President of Consumer L...
Total Annual Compensation: $1.7M
Senior Executive Vice President of Wealth, Br...
Total Annual Compensation: $1.7M
Compensation as of Fiscal Year 2013.

wells fargo & co (WFC) Key Developments

Wells Fargo Mulls Acquisitions

Wells Fargo & Company (NYSE:WFC) is looking for acquisitions. Wells Fargo & Co.'s Chief Financial Officer, John Shrewsberry said that the company continues to actively look for acquisition opportunities, especially around its asset-management and wealth-management businesses. He said, “The question is whether we want investment-management teams or to leverage our own distribution to create value," he said. "Those deals will come [but] we haven't seen any attractive ones that have been big enough to move the needle.”

Wells Fargo Brings Apple Pay to Customers and Merchants

Wells Fargo Bank, N.A. announced that it will offer customers the ability to use Apple Pay, the new mobile payment service from Apple, beginning in October 2014. Apple Pay will offer Wells Fargo customers the ability to conveniently make purchases by integrating Apple-designed hardware, software and services. The new service will create a unique experience for Wells Fargo's consumer and small business Debit and Credit Card holders. When Apple Pay is available, customers can add their cards and use their iPhone 6, iPhone 6 Plus and Apple Watch to pay in person, without physically swiping the actual card, anywhere they see the universal contactless acceptance symbol. Customers may use Apple Pay to make online purchases in apps with participating retailers while using their iPhone 6 and iPhone 6 Plus. When a customer makes a payment with Apple Pay using their Wells Fargo cards, all transactions are monitored with Wells Fargo risk and fraud detection systems. Purchases are also protected by Zero Liability, which reimburses customers for promptly reported unauthorized transactions. Recent survey data from the Federal Reserve reinforces that consumers' interest in mobile banking continues to grow; 33% of mobile phone users and 51% of smartphone users report taking advantage of mobile banking services. These statistics are reflected in the growth of Wells Fargo's fastest growing channel -- mobile banking -- which is growing at twice the rate of its online channel. For more information, visit Apple's news announcement.

Banks Face Suit over Alleged Rigging of ISDAfix

The Alaska Electrical Pension Fund filed a lawsuit against several banks accusing them of conspiring to manipulate a benchmark used to set rates for interest rate derivatives. The Alaska Electrical Pension Fund filed a lawsuit against several banks accusing them of conspiring to manipulate a benchmark used to set rates for interest rate derivatives as well as other financial instruments. The pension fund said the banks allegedly colluded to set the ISDAfix at artificial levels in order to manipulate payments to derivative investors, according to the report. The banks used private communication methods including electronic chat rooms to submit identical rate quotes from at least 2009. The banks named in the Sept. 4 suit are: Bank of America Corp., Goldman Sachs Group Inc., Citigroup Inc., Wells Fargo & Co., JPMorgan Chase & Co., Barclays Plc, Deutsche Bank AG, BNP Paribas SA, HSBC Holdings Plc, Royal Bank of Scotland Group Plc, Credit Suisse Group AG, UBS AG and Nomura Holdings Inc. ICAP Plc was also named as a defendant. The suit, which seeks to represent all investors participating in interest rate derivative transactions tied to ISDAfix between January 2006 and January 2014, was filed in Manhattan federal court.

 

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WFC:US $52.31 USD +0.37

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Company Last Change
Bank of America Corp $16.71 USD -0.03
Citigroup Inc $52.36 USD +0.05
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Industry Analysis

WFC

Industry Average

Valuation WFC Industry Range
Price/Earnings 12.8x
Price/Sales 3.3x
Price/Book 1.7x
Price/Cash Flow 11.9x
TEV/Sales NM Not Meaningful
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