Wells Fargo & Company (WFC)
|Net Income (ttm)||15.21B|
|Ex-Dividend Date||Aug 3, 2023|
|Day's Range||40.58 - 41.39|
|52-Week Range||35.25 - 48.84|
|Price Target||48.13 (+17.79%)|
|Earnings Date||Oct 13, 2023|
Wells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. It operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management. The Consumer Banking and Lending segment offers diversified financial products and services for consumers and small businesses. Its financial products and services include checking and sav... [Read more]
In 2022, WFC's revenue was $73.79 billion, a decrease of -6.00% compared to the previous year's $78.49 billion. Earnings were $12.07 billion, a decrease of -40.43%.Financial Statements
According to 18 analysts, the average rating for WFC stock is "Buy." The 12-month stock price forecast is $48.13, which is an increase of 17.79% from the latest price.
Wells Fargo said on Friday it had sold about $2 billion of its private equity investments as the bank aims to sharpen focus on its core businesses.
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) announced today that it has sold to a group of leading investors approximately $2 billion of private equity investments in certain Nor...
Major bank CEOs to visit Capitol Hill to face questions in Senate hearing
CNBC's Emily Wilkins reports on news from Capitol Hill.
The U.S. Securities and Exchange Commission (SEC) is finalizing settlements with around two dozen Wall Street firms to resolve investigations into record-keeping lapses, said two people with knowledge...
The bank is planning to convert the 400,000 square feet of space at 20 Hudson Yards into offices, according to Bloomberg News.
Wells Fargo & Co. is planning to spend $550 million to acquire 400,000 feet of retail space in New York City's Hudson Yards and convert it into office space in one of the largest commercial real estat...
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today enhanced its Fargo™ virtual assistant with a Spanish-language capability, improving access to a large portion of its customer ba...
Wells Fargo and Centerbridge Partners have announced a partnership to provide direct lending solutions to non-sponsor North American middle-market companies. This partnership will be facilitated throu...
Private equity firm Centerbridge Partners is launching a direct-lending fund with backing from Wells Fargo , the companies said on Tuesday.
Centerbridge Partners and Wells Fargo Enter Strategic Relationship Focused on Direct Lending to Middle-Market Companies
NEW YORK & SAN FRANCISCO--(BUSINESS WIRE)--Centerbridge Partners (Centerbridge) and Wells Fargo & Company (NYSE: WFC) announced they are entering into a strategic relationship focused on direct lendin...
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) announced today that Thomas R. Nides will join the company in October as Vice Chairman.
Bank stocks show more signs of life after a tumultuous year. Here's what's causing the run and why we're optimistic on these financial names
Club names Morgan Stanley (MS) and Wells Fargo (WFC), in particular, have perked up recently.
Banking heavyweights including Goldman Sachs and Morgan Stanley have announced a string of layoffs this year as part of a cost-cutting spree to better position themselves for a murky economic climate.
Democrats are increasingly split over the issue of tougher bank regulations, as some of the party's lawmakers join their Republican colleagues and bank executives in questioning whether the Federal Re...
That's because, according to Jim Cramer, investors are focusing their attention on big banks, rather than smaller regionals.
Wells Fargo's stock (NYSE: WFC) has made negligible gains YTD as compared to the 17% rise in the S&P500 index over the same period.
Woman Evolve—Featuring Brené Brown, Yvonne Orji – Showcases How Women are Powerhouse Economic Generators ARLINGTON, Texas , Sept. 13, 2023 /PRNewswire/ -- More than 40,000 attendees will descend upon...
Wells Fargo Chief Financial Officer Mike Santomassimo reportedly said that the bank could make further layoffs as it seeks to improve efficiency. Since the third quarter of 2020, Wells Fargo has been ...
Wells Fargo could see its headcount decline further as it aims to improve efficiency, Chief Financial Officer Mike Santomassimo said on Tuesday.
Jamie Dimon sounds off on bank regulation
CNBC's Leslie Picker joins 'Closing Bell' to discuss comments from JPMorgan Chase CEO Jamie Dimon.
Bernstein Litowitz Berger & Grossmann LLP Receives Approval of a Landmark $1 Billion Settlement for Shareholders in Wells Fargo Securities Class Action
NEW YORK--(BUSINESS WIRE)--The federal judge overseeing a securities class action against Wells Fargo (NYSE:WFC) for deceiving investors about its compliance and risk management practices has given fi...
Berry Global hires Citi and Wells Fargo to review strategic alternatives for its health and hygiene business
Berry Global Group Inc. BERY, -2.63% said Friday it hired Citigroup Global Markets and Wells Fargo Security as advisers as it evaluates strategic alternatives for its Health, Hygiene and Specialties (...
Wells Fargo Greenlights Year Three of Nasdaq Entrepreneurial Center Peer Support Milestone Circles Program For Women Businesses
Citing the growing "neighbor effect," 12-week Milestone Circles program sees record demand. SAN FRANCISCO , Sept.