WFC - Wells Fargo & Company
51.65 0.00 (0.00%)
After hours: 6:21PM EDT
| Previous close | 52.89 |
| Open | 53.07 |
| Bid | 51.51 x 1100 |
| Ask | 51.77 x 4000 |
| Day's range | 51.56 - 53.17 |
| 52-week range | 50.26 - 66.31 |
| Volume | 17,608,019 |
| Avg. volume | 19,642,046 |
| Market cap | 243.352B |
| Beta (3Y monthly) | 1.35 |
| PE ratio (TTM) | 12.20 |
| EPS (TTM) | 4.23 |
| Earnings date | 15 Jan 2019 |
| Forward dividend & yield | 1.72 (3.25%) |
| Ex-dividend date | 2018-08-09 |
| 1y target est | 61.93 |
Market Realist•8 hours agoBAC’s Balance Sheet Expanded with Strong Credit Quality
Bank of America’s (BAC) total assets grew ~2.4% YoY (year-over-year) in the third quarter and reached ~$2.34 trillion. This increase was driven by higher deposits, new assets, and rate spreads.
- Market Realist•9 hours ago
Bank of America’s Operating Efficiency Improved in Q3
Bank of America (BAC) has been reducing its administrative expenditures and increasing its spending on technology to improve its operating efficiency and margins. Improved operating efficiency and margins have led the bank’s earnings to grow at a faster pace.
Market Realist•11 hours agoHigher Interest Rates Drove BAC’s Consumer Banking Revenues in Q3
In the third quarter, Bank of America’s (BAC) CB (Consumer Banking) segment’s revenues increased 7.0% YoY to $9.4 billion. This increase was driven by a 10.0% increase in net interest income and partially offset by a modest decline in non-interest income.
- Barrons.com•3 days ago
Week’s Best: Morgan Stanley Pays Up, Wells Fargo Is Sued
To compete, wirehouses have rolled out in-house succession programs that pay retiring advisors to transfer their clients to junior advisors. On Thursday, (MS) took things a steps further, announcing it’s sweetening its sunset retirement packages for top-producing advisors. If participating advisors leave the firm, they’re barred from joining rivals for 90 days, and they lose their retirement program bonuses.
- Yahoo Finance•3 days ago
China's slowdown casts light on understated exposure at largest US banks
The big four banks have low direct exposure to a slowing Chinese economy, but the interconnectedness of the global economy means that the banks still face a lot of secondary risk.
Market Realist•3 days agoWhat Drove Bank of America’s Q3 Profits to Jump 37% YoY?
On October 15, Bank of America (BAC) reported better-than-expected bottom-line results for the third quarter. The bank posted earnings of $0.67, beating the Wall Street estimate of $0.62 and marking ten consecutive quarters of earnings beats.
- Barrons.com•3 days ago
Ex-Wells Fargo Advisors: Scandals Hurt Our Business
Teamed advisors John Perry and Robin Johnson left Wells at the beginning of the month for RBC Capital Markets.
Yahoo Finance•3 days agoThe biggest US banks are battling over where to build physical branches
The brick-and-mortar model isn’t dead — it’s just evolving.
- Zacks•3 days ago
Is Wells Fargo Premier Large Company Growth A (EKJAX) a Strong Mutual Fund Pick Right Now?
Mutual Fund Report for EKJAX
- Bloomberg•4 days ago
Elizabeth Warren Escalates Her Campaign Against Wells Fargo's CEO
The Massachusetts Democrat escalated her criticism of the San Francisco-based bank in a letter Thursday to Fed Chairman Jay Powell, requesting that he maintain growth limits imposed earlier this year to ensure that real changes are made to fix oversight gaps that allowed consumer abuses including opening millions of accounts without customers’ knowledge. “The Federal Reserve should not remove the growth cap on WFC until the Board replaces Mr. Sloan with a new CEO who has not contributed to the very problems the Federal Reserve is seeking to fix,” Warren wrote.
Bloomberg•4 days agoBig Bank Earnings Are Less Than Meets the Eye
Wells Fargo & Co., perhaps unsurprising given its recent problems, has the biggest gap between what it reported as earnings growth, which was cheered as a sign of improvement, and the profits its operations produced. More than half of the non-operating boost came from the tax change, which saved the nation’s six biggest banks $3.3 billion in the third quarter alone.
- Motley Fool•5 days ago
Could Wells Fargo Be the Earnings Season Winner Among the Big Banks?
Wells Fargo reported a non-terrible quarter for the first time in a while.
- Motley Fool•5 days ago
Is Wells Fargo & Company a Buy?
A bounce-back quarter, rising interest rates, and putting distance between itself and its many recent scandals are all positives. It's also dirt cheap.
- Zacks•6 days ago
Wells Fargo (WFC) Gains But Lags Market: What You Should Know
Wells Fargo (WFC) closed at $53.68 in the latest trading session, marking a +0.83% move from the prior day.
- Motley Fool•6 days ago
Third-Quarter Bank Earnings, Subprime Mortgages, and the War on Cash Continues
Here's what's happening this week in the financials sector.
- Financial Times•6 days ago
[$$] Wells Fargo applies for licence in France as part of Brexit strategy
Wells Fargo has asked French regulators for an investment firm licence, in the latest boost for Paris as it looks to become Europe’s pre-eminent banking centre after Brexit. The announcement on Tuesday “is part of the company’s Brexit strategy, which is predicated on supporting the capital markets and investment banking needs of Wells Fargo’s customers in a post Brexit environment,” said Wells, the third-biggest US bank by assets, in a statement. “With Brexit on the horizon, Wells Fargo is committed to providing a transition, which is as seamless as possible, for its markets and investment banking customers within the European Union and European Economic Area,” said Alicia Reyes, head of Wells Fargo Securities in Europe, Middle East and Africa.
Market Realist•6 days agoWhat Drove Morgan Stanley’s Third-Quarter Earnings?
On October 16, Morgan Stanley (MS) shares were trading ~2% higher during the pre-market trading session. The investment bank reported better-than-expected third-quarter results. The company’s top and bottom lines beat analysts’ estimates and marked a significant improvement YoY (year-over-year).
- Yahoo Finance•7 days ago
Big banks reveal challenges in consumer credit, mortgages
The big four banks are taking on more risk in credit card lending and seeing tighter pricing pressures in mortgages.
Market Realist•7 days agoLoan Growth, Low Costs, Lower Tax Drove Bank of America’s Q3 2018
On October 15, Bank of America (BAC) reported overwhelmingly positive third-quarter results. Its top and bottom lines not only beat analysts’ expectations but also marked significant YoY (year-over-year) improvement. The second-largest US bank after JPMorgan Chase (JPM), BAC benefited from higher spreads, loan growth, cost controls, and lower taxes.
- Zacks•7 days ago
Zacks Investment Ideas feature highlights: JP Morgan Chase, Citigroup, Wells Fargo, Bank of America and Bank of New York Mellon
Zacks Investment Ideas feature highlights: JP Morgan Chase, Citigroup, Wells Fargo, Bank of America and Bank of New York Mellon
- Financial Times•8 days ago
[$$] Movers and shakers, October 15
The BT Pension Scheme has appointed Morten Nilsson as chief executive of its £50.7bn investment management and advisory arm. Mr Nilsson worked for more than a decade for ATP, the Danish pension scheme, ...
- Yahoo Finance•10 days ago
Chase Bank charges forward with branch expansion in four new cities
JPMorgan Chase's Jamie Dimon promised bank branches in brand new cities, and regulatory filings show the company plans on expanding to Minneapolis, Nashville, Kansas City and Raleigh.
- Motley Fool•10 days ago
What Happened in the Stock Market Today
The major benchmarks recovered some ground to close a miserable week for stocks, with JPMorgan Chase and Wells Fargo among the first to report third-quarter earnings.
- Yahoo Finance•10 days ago
Stocks rally, ending 6-day losing streak
Stocks turned around Friday after six days of sell-offs.
- Yahoo Finance•10 days ago
The great merger and acquisition boom is still alive
Worried about the global M&A boom cooling off sharply? Don't be, experts tell Yahoo Finance.
