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Wells Fargo and Company  (WFC)
Other Ticker:  
 
    Sector  Financial    Industry Commercial Banks
   Industry Commercial Banks
   Sector  Financial
 
Price: $53.8600 $0.49 0.918%
Day's High: $54.02 Week Perf: 3.76 %
Day's Low: $ 53.42 30 Day Perf: 8.83 %
Volume (M): 20,863 52 Wk High: $ 54.02
Volume (M$): $ 1,123,703 52 Wk Avg: $43.13
Open: $53.53 52 Wk Low: $35.25



 Market Capitalization (Millions $) 200,520
 Shares Outstanding (Millions) 3,723
 Employees 247,848
 Revenues (TTM) (Millions $) 77,198
 Net Income (TTM) (Millions $) 19,255
 Cash Flow (TTM) (Millions $) 76,895
 Capital Exp. (TTM) (Millions $) 0

Wells Fargo And Company
Wells Fargo & Company is a diversified financial services company organized under the laws of Delaware and registered as a bank holding company and financial holding company under the Bank Holding Company Act of 1956, as amended (BHC Act). It was the fifth largest bank holding company in the United States. The Company engages in banking and a variety of related financial services businesses. Retail, commercial and corporate banking services are provided through banking stores in Alaska, Arizona, California, Colorado, Idaho, Illinois, Indiana, Iowa, Michigan, Minnesota, Montana, Nebraska, Nevada, New Mexico, North Dakota, Ohio, Oregon, South Dakota, Texas, Utah, Washington, Wisconsin and Wyoming. Other financial services are provided by subsidiaries engaged in various businesses, principally: wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, insurance agency services, computer and data processing services, trust services, mortgage-backed securities servicing and venture capital investment.

The Company consolidated banks with stores in six states (Alaska, Colorado, Montana, Nebraska, Texas and Wyoming) with and into Wells Fargo Bank, N.A., whose stores already serviced customers primarily in California. The Company completed the consolidation in February'2004, which also included transfers of certain stores in Idaho, Oregon, Utah and Washington to Wells Fargo Bank, N.A.

The Company is the product of the merger involving Norwest Corporation and the former Wells Fargo & Company, completed on November'2, 1998 (the WFC Merger). On completion of the WFC Merger, Norwest Corporation changed its name to Wells Fargo & Company.

Norwest Corporation was organized in 1929 under the laws of the State of Delaware. Prior to the WFC Merger, it provided banking services to customers in 16 states and additional financial services through subsidiaries engaged in a variety of businesses including mortgage banking and consumer finance.

The former Wells Fargo & Company's principal subsidiary, Wells Fargo Bank, N.A., was the successor to the banking portion of the business founded by Henry Wells and William G. Fargo in 1852. That business later operated the westernmost leg of the Pony Express and ran stagecoach lines in the western part of the United States. The California banking business was separated from the express business in 1905, merged in 1960 with American Trust Company, another of the oldest banks in the Western United States, and became Wells Fargo Bank, N.A., a national banking association, in 1968.

In April'1996, the former Wells Fargo & Company acquired First Interstate Bancorp, a $55'billion bank holding company in a transaction valued at $11 billion. In October'2000, the Company acquired First Security Corporation, a $23'billion bank holding company in a transaction valued at $3'billion.

The Company expands its business, in part, by acquiring banking institutions and other companies engaged in activities that are financial in nature.

Competition

The financial services industry is highly competitive. The Company's subsidiaries compete with financial services providers, such as banks, savings and loan associations, credit unions, finance companies, mortgage banking companies, insurance companies, and money market and mutual fund companies. They also face increased competition from nonbank institutions such as brokerage houses and insurance companies, as well as from financial services subsidiaries of commercial and manufacturing companies. Many of these competitors enjoy fewer regulatory constraints and some may have lower cost structures.

Securities firms and insurance companies that elect to become financial holding companies may acquire banks and other financial institutions. Acquisitions of this type could significantly change the competitive environment in which the Company conducts business. The financial services industry is also likely to become more competitive as further technological advances enable more companies to provide financial services. These technological advances may diminish the importance of depository institutions and other financial intermediaries in the transfer of funds between parties.



   Company Address: 420 Montgomery Street San Francisco 94104 CA
   Company Phone Number: 249-3302   Stock Exchange / Ticker: NYSE WFC
    Next quarterly dividend pay out on March 15, 2024.


Customers Net Income grew by WFC's Customers Net Profit Margin grew to

23.19 %

7.24 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

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• View Complete Report
   



Wells Fargo And Company

Fourth Quarter Earnings Soar at Wells Fargo & Company, Despite Revenue Decline



Wells Fargo & Company recently released its financial results for the fourth quarter of the 2023 earnings season. While the company experienced a decline in revenue, it managed to achieve a significant increase in net profit per share. This article aims to analyze the financial performance of Wells Fargo & Company, highlight key facts from the financial results, and provide context regarding the company's recent announcements and stock performance.
Financial Performance Overview:
1. Net Profit Per Share:
- In the fourth quarter of 2023, net profit per share increased by 28.34% to $0.87 from $0.68 in the previous year.
- However, profit plummeted by -41% from the prior quarter, where it stood at $1.48 per share.

Dividend

Wells Fargo & Company Declares Dividends on Preferred Stock: A Look at Recent Performance

Published Fri, Feb 16 2024 1:15 PM UTC



Wells Fargo & Company recently announced the declaration of dividends on several series of preferred stock, including the noncumulative perpetual convertible class A preferred stock, Series L. This press release signifies the company's commitment to providing returns to its shareholders. In addition, we will analyze the impact of these announcements on the performa...

Stock Transactions

Wells Fargo Announces Redemption of Series R Preferred Stock, Reflecting the Bank's Strategic Focus on Streamlining Capital Structure

Published Tue, Feb 6 2024 1:00 PM UTC



Wells Fargo & Company, one of the largest financial institutions in the United States, recently announced its plans to redeem all outstanding shares of its 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series R. This redemption reflects the bank's strategy to optimize its capital structure and align its funding costs with market co...

Dividend

Wells Fargo: Rewarding Investors with Dividends on Preferred Stock

Published Fri, Nov 17 2023 1:00 PM UTC


In a recent press release, Wells Fargo & Company (NYSE: WFC) announced dividends on seven series of preferred stock. The announcement includes a quarterly cash dividend of $18.75 per share on its 7.50% noncumulative perpetual convertible class A preferred stock, Series L. The liquidation preference for this series stands at $1,000 per share, and it is traded on the New ...

Contract

Empowering Native American Communities: Wells Fargo and Allspring Launch Innovative Money Market Fund for Lasting Change

Published Mon, Nov 6 2023 2:00 PM UTC



Wells Fargo & Company (NYSE: WFC) has partnered with Allspring Global Investments, a global asset management firm, to introduce a unique money market fund with a charitable donation feature. This innovative Tribal Inclusion share class of the Allspring Government Money Market Fund will be exclusively offered to Wells Fargo corporate clients. The aim of this product...






 

Wells Fargo's Segments
 
Community
 Segment     of total Revenue
Wholesale
 Segment     of total Revenue
Wealth Management
 Segment     of total Revenue
Other
 Segment     of total Revenue
 
• View Complete Report

Wells Fargo's Operating Statistics Decrease / Increase
       
Net interest yield     
Interest Margin   Interest Margin Decline   
Nonperforming Assets Ratio     
Allowance for Credit Losses     
Tier1   Tier1 Decline   
Total Capital Ratio   Total Capital Ratio Decline   
Leverage Ratio   Leverage Ratio  Decline   
Tangible Common Equity Ratio   Tangible Common Equity Ratio Decline   
Efficiency Ratio   Efficiency Ratio Decline   




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