wells fargo & co (WFC:New York)
wells fargo & co (WFC) Snapshot
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Open
$39.90
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Previous Close
$39.88
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Day High
$40.23
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Day Low
$39.85
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52 Week High
05/20/13 - $40.23
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52 Week Low
06/4/12 - $29.80
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Market Cap
212.6B
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Average Volume 10 Days
20.8M
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EPS TTM
$3.56
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Shares Outstanding
5.3B
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EX-Date
05/8/13
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P/E TM
11.3x
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Dividend
$1.20
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Dividend Yield
2.48%
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wells fargo & co (WFC) Latest News
wells fargo & co (WFC) Related Businessweek News
wells fargo & co (WFC) Details
Wells Fargo & Company provides retail, commercial, and corporate banking services. The company's Community Banking segment offers deposits, such as checking accounts, savings deposits, market rate accounts, individual retirement accounts, time deposits, and debit cards; and loan products, including lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education loans, residential mortgage loans, and credit 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, credit cards, 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 services, foreign exchange, treasury management, investment management, institutional fixed-income sales, interest rate, commodity and equity risk management, online/electronic products, and investment banking services. This segment also provides construction loans, land acquisition and development loans, secured and unsecured lines of credit, interim financing arrangements, rehabilitation loans, affordable housing loans and letters of credit, permanent 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 February 25, 2013, it provided services through approximately 9,000 stores, 12,000 ATMs, the Internet, and offices in approximately in 35 countries. The company was founded in 1852 and is headquartered in San Francisco, California.
wells fargo & co (WFC) Top Compensated Officers
wells fargo & co (WFC) Key Developments
Mr. McCarthy, 55, has accepted an executive position with Wells Fargo.
Wells Fargo Government and Institutional Banking has named Keith Grundy as regional manager and senior vice president of Healthcare Financial Services (HFS) team in the Western U.S. Based in San Francisco, Grundy leads a team of 13 healthcare finance experts who serve Wells Fargo customers in California, Hawaii, Idaho, northern Nevada, Oregon and Washington. Before joining Wells Fargo, Grundy served as a managing director for Hammond Hanlon Camp.
A federal judge has again ordered Wells Fargo to repay $203 million to debit card customers in California who were charged overdraft fees, the bank misled customers about how the fees would be calculated. The case involved the bank's procedures for processing multiple transactions that, when combined, exceed a customer's credit limit. The company in 2001 started entering the larger transaction first, a change that multiplied overdraft fees of up to $35 each that it assessed against customers. As one court illustrated the practice, a customer with a $100 card balance might buy 10 small items totaling $99 and a larger item for $100. If a bank that received the orders on the same day processed the small purchases first, it would charge only one overdraft fee. If it posted the larger debt first, it would charge a fee for each of the other 10 purchases.
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| WFC:US | $40.17 USD | +0.287 |  |
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Industry Analysis
WFC
Industry Average
| Valuation | WFC | Industry Range |
| Price/Earnings | 11.1x |
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| Price/Sales | 2.6x |
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| Price/Book | 1.4x |
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| Price/Cash Flow | 10.5x |
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| TEV/Sales | NM | Not Meaningful |
Post a JobJobs
- Kayenta, AZ | Wells FargoPosted: May 19
- Waltham, MA | Wells FargoPosted: May 19
- Osseo, MN | Wells FargoPosted: May 19
- Wilmington, DE | Wells FargoPosted: May 19
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To contact WELLS FARGO & CO, please visit www.wellsfargo.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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