Last $51.26 USD
Change Today -0.61 / -1.18%
Volume 16.5M
WFC On Other Exchanges
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As of 8:04 PM 10/1/14 All times are local (Market data is delayed by at least 15 minutes).

wells fargo & co (WFC) Snapshot

Open
$51.84
Previous Close
$51.87
Day High
$51.96
Day Low
$51.20
52 Week High
09/19/14 - $53.80
52 Week Low
10/9/13 - $40.07
Market Cap
267.6B
Average Volume 10 Days
16.2M
EPS TTM
$4.05
Shares Outstanding
5.2B
EX-Date
08/6/14
P/E TM
12.7x
Dividend
$1.40
Dividend Yield
2.54%
Current Stock Chart for WELLS FARGO & CO (WFC)

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 & Company Announces Executive Appointments

Wells Fargo & Company announced its Consumer Lending Group (CLG) has appointed new leaders for its Consumer Credit Solutions (CCS) and Dealer Services groups. Tom Wolfe, who most recently served as head of CCS which included all consumer credit and automotive lending businesses, announced in July his plans to retire Oct. 31, 2014. With his retirement, the company separated the Consumer Credit Solutions organization into two businesses. Dawn Martin Harp was appointed to lead an expanded Dealer Services organization which now includes Commercial Auto and Strategic Auto Investments as well as the Indirect Auto business she has led since 2011. Shelley Freeman, an 18-year veteran of Wells Fargo, has been named to serve as head of CCS. Both Martin Harp and Freeman report to Avid Modjtabai, Senior Executive Vice President and head of the Consumer Lending Group. Martin Harp has more than 30 years of experience in automotive finance and technology and has been with Wells Fargo and its predecessor auto lending organizations for 16 years. Prior to leading Dealer Services, she served as the group's Chief Operating Officer and was previously the Chief Information Officer and the director of network computing with WFS Financial. Wachovia acquired WFS Financial in 2006 and then merged with Wells Fargo in 2008. Martin Harp also spent 10 years as System Integration Officer with American Savings Bank and managed corporate automation and retail banking projects. She held management positions with Imperial Automation, On Line Computer Systems, and The Coding Factory. She currently serves as a board member of the Consumer Banking Association's Auto Finance Committee and the American Financial Services Association's Auto Finance Committee. In her new role, Freeman will oversee a CCS portfolio that includes Consumer Financial Services (including Credit Card, Direct Auto and Personal Lines & Loans), Education Financial Services, Retail Services, as well as the group's Collections & Servicing, Marketing, and Strategy functions.

Wells Fargo & Company Presents at The 17th Annual GRI Europe Summit 2014, Sep-17-2014 02:00 PM

Wells Fargo & Company Presents at The 17th Annual GRI Europe Summit 2014, Sep-17-2014 02:00 PM. Venue: Intercontinental Paris Le Grand, Paris, France. Speakers: Michael Acratopulo, MD, Deputy Head CRE UK.

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.”

 

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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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