Wells Fargo & Company (WFC)
After hours:
| Previous close | 44.59 |
| Open | 44.51 |
| Bid | 44.65 x 1400 |
| Ask | 45.01 x 800 |
| Day's range | 44.38 - 45.24 |
| 52-week range | 35.25 - 48.84 |
| Volume | |
| Avg. volume | 16,008,541 |
| Market cap | 163.496B |
| Beta (5Y monthly) | 1.17 |
| PE ratio (TTM) | 9.83 |
| EPS (TTM) | 4.58 |
| Earnings date | 12 Jan 2024 |
| Forward dividend & yield | 1.40 (3.11%) |
| Ex-dividend date | 02 Nov 2023 |
| 1y target est | 50.12 |
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ReutersEx-Wells Fargo CEO sues bank for $34 million in withheld pay, stock
Former Wells Fargo & Co CEO Tim Sloan filed a lawsuit on Friday accusing the bank of failing to pay him more than $34 million after he resigned in 2019 amid a wide-ranging sales practices scandal. Sloan in the lawsuit filed in California state court says Wells Fargo canceled stock awards and withheld a bonus he had earned before stepping down. Wells Fargo in a statement said that "compensation decisions are based on performance, and we stand by our decisions in this matter."
- Financial Times
Former Wells Fargo chief seeks $34mn in lawsuit over cancelled stock grants
Former Wells Fargo chief executive Tim Sloan, who led the bank’s early efforts to address a burgeoning fake accounts scandal, has sued the lender for more than $34mn over its decision to cancel stock grants after he stepped down. The lawsuit filed in state court in San Francisco contended that Sloan “bore the brunt of public criticism, much of it directed at Wells Fargo policies and practices that predated his tenure as COO or CEO and which he was working assiduously to correct”. It said Sloan opted not to negotiate a severance agreement “in a spirit of mutual trust” and that Wells had “reneged” on verbal promises to pay out his long-term grants “in the face of public pressure from elected officials”.
