|Bid||54.38 x 3200|
|Ask||54.39 x 900|
|Day's range||53.69 - 54.41|
|52-week range||43.02 - 54.75|
|Beta (3Y monthly)||1.12|
|PE ratio (TTM)||11.70|
|Earnings date||14 Jan 2020|
|Forward dividend & yield||2.04 (3.83%)|
|1y target est||51.16|
Wells Fargo Investment Institute (WFII) today released its "2020 Outlook: A Call for Resilience," which provides an in-depth analysis of economic and market forecasts, including commentary about the global economy, equities, fixed income, real assets, alternative investments and portfolio implementation actions.
Powell, who worked with Scharf at Bank One and then JPMorgan Chase & Co, most recently was chief executive officer of Santander Holdings USA Inc, as well as of Santander Consumer USA Holdings Inc. Starting Dec. 9, Powell will focus on Wells Fargo's relationships with regulators, which have been strained since the bank became tangled in a wide-ranging sales practices scandal in 2016. The San Francisco-based bank is currently operating under more than a dozen regulatory consent orders, including an unprecedented growth restriction on its balance sheet from the Federal Reserve until the bank proves it has fixed its risk controls.
Wells Fargo & Company (WFC) today announced that Scott Powell has been named chief operating officer effective Dec. 9, 2019. Powell most recently was CEO of Santander Holdings USA, Inc. as well as CEO of Santander Consumer USA Holdings Inc., a publicly traded consumer finance company focused on vehicle finance and third-party servicing. “I have known Scott for many years, and his tremendous experience, proven track record and unquestioned integrity will make him a great addition to our management team,” Scharf said.
Wells Fargo’s recently appointed chief executive Charlie Scharf has taken another step towards reshaping the bank’s senior management team, hiring Scott Powell to be the bank’s chief operating officer. Mr Powell, who had been serving as the chief executive of Santander’s US operations, will start next week. Mr Powell will have responsibility for regulatory affairs at the bank, among other areas.
Wells Fargo today announced that Jenny Flores will join the company to lead its small business growth philanthropy, and company veteran Darlene Goins has been named head of financial health philanthropy. Both will be based in San Francisco. Flores begins work Jan. 6, 2020, and Goins assumes her leadership role effective immediately.
Jane Fraser, the new president of Citigroup and next in line to be the bank’s chief executive, will receive a $12.5m pay grant “in recognition of recent promotion . . . and to enhance leadership ...
Wells Fargo & Company (NYSE: WFC) said today that Chief Financial Officer John Shrewsberry will participate at the Goldman Sachs US Financial Services Conference 2019 in New York on Tuesday, December 10, 2019, at 7:50 a.m. ET (4:50 a.m. PT).
Wells Fargo & Company (NYSE: WFC) said today that members of the Company’s Consumer Banking and Investor Relations teams are scheduled to meet with investors on Thursday, December 5, 2019.
Today Wells Fargo announced upcoming changes in its Payments, Virtual Solutions and Innovation (PVSI) group. Avid Modjtabai, senior executive vice president and head of PVSI, has announced her plan to retire on March 31, 2020. “Avid has held many important roles at Wells Fargo during her impressive 26-year career as the company’s leader in several areas including Internet Services, Human Resources, Technology and Operations and Consumer Lending,” said Charlie Scharf, Wells Fargo CEO and president.
Charitable giving is nearly universal among upper-income U.S. investors, according to a new Wells Fargo/Gallup Investor and Retirement Optimism study. Nearly all upper-income investors (93%) report they donated money to a non-faith-based organization in the past year, and 59% report giving to a faith-based organization. Giving also is an important core value to most investors, as six in 10 say that donating or spending a percentage of their income to help others is an extremely or very important financial value to them.
Wells Fargo and Company (WFC), NeighborWorks® America, and its network member Portland Housing Center today announced the NeighborhoodLIFT program will expand to the city of Portland and Multnomah County this December. With a $7.1 million philanthropic commitment by the Wells Fargo Foundation, the NeighborhoodLIFT program will create more than 270 homeowners by offering $20,000 down payment assistance grants that require completion of HUD-certified homebuyer education.
Wells Fargo (WFC) announced today that its corporate customers can now send real-time payments through the RTP® network via an application programming interface (API), enabling the immediate movement of money and expanding the bank’s faster payments offerings. Wells Fargo previously rolled out capabilities for both retail and wholesale customers to receive payments over the RTP network at the end of 2018. Wells Fargo’s API for the RTP network allows corporate customers to send payments directly from their enterprise software or treasury workstations, meaning they can benefit from the platform’s speed and immediate posting to help optimize cash flow.