Last $51.35 USD
Change Today +0.30 / 0.59%
Volume 11.9M
WFC On Other Exchanges
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As of 8:04 PM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).

wells fargo & co (WFC) Snapshot

Open
$51.20
Previous Close
$51.05
Day High
$51.48
Day Low
$51.05
52 Week High
07/3/14 - $53.08
52 Week Low
10/9/13 - $40.07
Market Cap
270.5B
Average Volume 10 Days
20.1M
EPS TTM
$4.05
Shares Outstanding
5.3B
EX-Date
08/6/14
P/E TM
12.7x
Dividend
$1.40
Dividend Yield
2.43%
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: 07/11/14
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 Announces 468 Job Cuts in Birmingham

Wells Fargo announced that it has cut another 481 mortgage-related positions nationwide, with the bulk of them in the Birmingham area. Jay Lawrence, the Southeast communications manager of the company, said the company notified 468 of its mortgage servicing employees at its Homewood facility, located at 210 Wildwood Parkway, that their positions have been eliminated. Workers have been given a 60-day notice, during which they will receive full pay and benefits. Depending on their time of service, they may also be eligible for additional severance pay. The company will also provide them with job counseling and other support. The facility will remain open, and 724 the company employees working for a variety of business units will continue working there.

Wells Fargo & Company Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

Wells Fargo & Company announced consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total interest income of $11,793 million against $11,827 million a year ago. Net interest income was $10,791 million against $10,750 million a year ago. Income before income tax expense was $8,655 million against $8,471 million a year ago. Net income was $5,726 million or $1.01 per diluted share against $5,519 million or $0.98 per diluted share a year ago. Return on assets was 1.47% against 1.55% a year ago. Return on equity was 13.40% against 14.02% a year ago. For the six months, the company reported total interest income of $23,405 million against $23,477 million a year ago. Net interest income was $21,406 million against $21,249 million a year ago. Income before income tax expense was $17,007 million against $16,111 million a year ago. Net income was $11,619 million or $2.06 per diluted share against $10,690 million or $1.90 per diluted share a year ago. Book value per common share as at June 30, 2014 was $31.18 against $28.26 a year ago.

Wells Fargo & Company Declares Dividend for the Second Quarter of 2014

Wells Fargo & Company increased its second quarterly common stock dividend to $0.35 per share, up from $0.30 per share a year ago.

 

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Industry Analysis

WFC

Industry Average

Valuation WFC Industry Range
Price/Earnings 12.6x
Price/Sales 3.3x
Price/Book 1.6x
Price/Cash Flow 11.8x
TEV/Sales NM Not Meaningful
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