WFC - Wells Fargo & Company
56.41 0.00 (0.00%)
After hours: 5:21PM EDT
| Previous close | 56.33 |
| Open | 56.07 |
| Bid | 0.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 55.85 - 56.65 |
| 52-week range | 49.27 - 66.31 |
| Volume | 17,466,990 |
| Avg. volume | 18,745,101 |
| Market cap | 273.536B |
| Beta | 1.28 |
| PE ratio (TTM) | 13.99 |
| EPS (TTM) | 4.03 |
| Earnings date | 12 Oct 2018 |
| Forward dividend & yield | 1.56 (2.75%) |
| Ex-dividend date | 2018-05-03 |
| 1y target est | 61.76 |
Associated Press•5 hours agoStocks end slightly lower as traders shrug off trade talk
NEW YORK (AP) — U.S. stocks inched lower Friday as bond yields jumped, a shift that helped banks but hurt companies that pay big dividends. The dollar fell after President Donald Trump said China is manipulating its currency.
- Barrons.com•11 hours ago
Oops, Wells Fargo Did It Again
Remember back when Wells Fargo (WFC) opened millions of accounts for customers without their knowledge or consent? As The Wall Street Journal reported late Thursday, Wells Fargo is in the process of refunding "tens of millions of dollars" for products including anything from from pet insurance to legal services added to customers accounts without their full understanding. Sources close to the bank say that it charged monthly fees for "dozens" of products for years, and the Consumer Financial Protection Bureau is looking into the matter: "In mid-2017, Wells Fargo stopped selling consumer add-on products and is in the process of notifying customers, a person familiar with the matter said.
- Bloomberg•yesterday
Wells Fargo Is Refunding Some Customers for Add-on Product Fees
“We are reviewing add-on products sold to consumers by the bank or its service providers and if issues are found during this review, we will make things right with customers in the form of refunds or remediation,” Catherine Pulley, a Well Fargo spokeswoman, said in a statement Thursday. The fees affected hundreds of thousands of customers and the total cost could climb to more than $180 million, the Wall Street Journal reported earlier, citing people familiar with the matter.
- Barrons.com•yesterday
Massive Wells Fargo Refunds Under Way
Last year, Wells Fargo revealed that it was reviewing add-on products that might have been sold improperly to customers. Now we know the extent of the problem: The Wall Street Journal is reporting that the bank is refunding tens of millions of dollars, and that hundreds of thousands of customer accounts are involved. The Consumer Financial Protection Bureau is looking into whether customers were deceived, their awareness of the products and their ability to cancel the products, according to a Journal source.
- Barrons.com•yesterday
Wells Fargo Advisors Shifted to Sales
Advisors in Wells Fargo’s private bank have lost much control over investment management and been pressured to focus more on sales, according to a report in Yahoo Finance. Two former advisors told the outlet “they felt they were supposed to hide the shift (to model portfolios) from clients so the services could continue to be represented as highly personalized advice.” “I was going to be a sales person representing that I managed the portfolio,” said one advisor who left in frustration. “I couldn’t live with that.” Wells Fargo’s 200 or so private-bank advisors have traditionally been required to have graduate degrees and investing designations.
- Bloomberg•2 days ago
Wells Fargo's Bennebroek Sees Another 2-3% Upside for Dollar
Nick Bennenbroek, head of currency strategy at Wells Fargo Securities, discusses the rise of the U.S. dollar and how much higher the currency can climb. He speaks on "Bloomberg Daybreak: Americas." ...
- Motley Fool•2 days ago
Wells Fargo Second-Quarter Earnings Recap
Of the "big four" U.S. banks, Wells Fargo did not have the best quarter.
Bloomberg•2 days agoBanks Brush Off Market Uncertainty With Record Deal Fees
Rising uncertainty in markets didn’t stop the biggest U.S. banks from hauling in record revenue from investment banking. Among the big winners were Morgan Stanley and Bank of America Corp., which both handily beat expectations thanks to their investment banking and consumer businesses, respectively. Wells Fargo & Co. was the lone bank to miss analysts’ earnings estimates as its total loans and deposits both dropped.
Yahoo Finance•2 days agoExclusive: Wells Fargo automated high-net-worth wealth management as advisors faced sales pressure
In Wells Fargo's Wealth and Investment Management division, the intense pressure for sales is alive and well.
- Motley Fool•3 days ago
Big Bank Earnings Recap -- Winners and Losers
The “big four” U.S. banks have all reported second-quarter earnings; here’s a rundown of the results.
- GlobeNewswire•4 days ago
No Barriers Warriors, Wells Fargo Announce the ‘2018 Warrior Strong: The Journey Continues’ Team
No Barriers Warriors and Wells Fargo & Company (WFC) today announced the team of 12 veterans with disabilities selected to participate in the 2018 Warrior Strong: The Journey Continues expedition. This year’s expedition to Mount Whitney in California’s Inyo National Park is scheduled for Sept. 7–15 with a summit attempt scheduled for Sept. 11. The expedition will focus on the valued attributes that veterans bring to their communities and the workforce, with an emphasis on what veterans are capable of when given the chance.
- Barrons.com•4 days ago
As Wells Fargo Bleeds Advisors, Merrill Gains
Bank of America’s Global Wealth and Investment Management business gained 74 financial advisors in the second quarter, even as troubled Wells Fargo lost 173. GWIM now counts 19,350 advisors, including Merrill’s thundering herd, advisors in B of A’s consumer banking business, and those in the U.S. Trust business. Year over year, GWIM’s advisor corps has grown 2%.
Market Realist•4 days agoUS Banks Reported Mixed Profits in the Second Quarter
JPMorgan Chase (JPM) reported an 18% higher profit than analysts’ expectations in the second quarter to $8.32 billion. According to Barclays analysts, the bank exceeded analysts’ estimates for the 14th straight quarter. The bank’s trading revenues rose 13% to $5.4 billion, while the loan growth rose 4% to $948.4 billion. The bank’s yield on interest-earning assets was at 2.46%.
- Zacks•5 days ago
Wells Fargo, JPMorgan, Bank of America, Goldman Sachs and Morgan Stanley are part of Zacks Earnings Preview
Wells Fargo, JPMorgan, Bank of America, Goldman Sachs and Morgan Stanley are part of Zacks Earnings Preview
Market Realist•5 days agoWhat Helped the Dow Jones Industrial Average on July 13?
Considering the movements in the markets in the past few months, the markets usually react to news that’s related to trade conflicts. When President Trump announced that additional tariffs would be levied on $200 billion worth of Chinese imports, China didn’t respond immediately. China might be ready for negotiations.
- Bloomberg•7 days ago
Wells Fargo Vigorously Competing for Loans, CFO Says
John Shrewsberry, Wells Fargo & Co. chief financial officer, discusses the bank's second-quarter earnings with Bloomberg's Scarlet Fu and Julie Hyman on "What'd You Miss?" (Source: Bloomberg)...
- Motley Fool•7 days ago
What Happened in the Stock Market Today
On a day major stock benchmarks closed up, Wells Fargo fell after reporting earnings and Gogo tumbled on turnaround plans that weren't well-received.
- Bloomberg•7 days ago
Wells Fargo shares fall the most in more than a month
Wells Fargo shares fell the most in a month after reporting that loans dropped to a 2-year low #tictocnews https://bloom.bg/2JhDmxP (Source: Bloomberg)
- Zacks•7 days ago
Wells Fargo (WFC) Q2 Earnings Miss, Fee Income Disappoints
Wells Fargo (WFC) reports negative earnings surprise of 3.6% in second-quarter 2018 due to lower mortgage banking revenues.
- Bloomberg•7 days ago
Wells Fargo Breaks From the Herd on Loans, Saying It’s Time to Be Prudent
With interest rates rising and borrowers keeping up on payments, bank shareholders want to see which lenders are taking advantage. Wells Fargo & Co., under the thumb of a regulatory asset cap, rattled investors Friday by posting the only decline in loans as the top U.S. banks began reporting quarterly results. While JPMorgan Chase & Co. and Citigroup Inc. found areas to expand, Wells Fargo cut both consumer and commercial lending.
Bloomberg•7 days agoBank Stocks Sink as Earnings Hurt by Loan Woes, Fed Punishment
U.S. bank stocks are hurting after disappointing second-quarter results from Wells Fargo and Citigroup, and as JPMorgan’s earnings beat wasn’t enough to boost investor confidence. The KBW bank index is down as much as 1.9 percent, the most intraday since June 25, led by a decline of as much as 3.3 percent in Citigroup, the most since May 29, and a slide of as much as 4.3 percent in Wells Fargo, the most since March 22. JPMorgan was little changed after dropping as much as 1.6 percent.
- Barrons.com•7 days ago
Bank Earnings: Investors Embrace JPMorgan, Cool on Citigroup, Wells Fargo Despite Some Positives
JPMorgan Chase (JPM) is the standout among the three bank giants that reported second-quarter earnings today as it exceeded expectations while warning of tougher competitive conditions. JPMorgan shares were up 0.9%, to $106.96. Both Citigroup (C) and Wells Fargo (WFC) are trading lower today as investors react to some company-specific issues, including credit cards at Citigroup and home mortgages at Wells Fargo.
- Barrons.com•7 days ago
Wells Fargo Wealth Unit Had a Tough Quarter
Wells Fargo’s Wealth and Investment Management unit (WIM) had a rough second quarter, posting a 37% dip in net income year over year, and a 1% drop in advisor headcount. Its net income quarter-to-quarter was down 38%, to $1.1 billion. In the second quarter, successful referrals between Wells’ community bank business and its wealth unit were down 5% from a year ago, and flat from the first quarter.
- Motley Fool•7 days ago
Wells Fargo’s Earnings Show the Bank Still Has a Long Way to Go
The bank's numerous scandals are still taking their toll.
- Investor's Business Daily•7 days ago
Stocks Open Flat: Dow Eyes 25,000, But JPMorgan, McDonald's Slide
Stocks got off to a flat start Friday, as McDonald's and J&J held back the Dow and the S&P 500 and big banks rolled out their Q2 reports.
