Profile
Sector:
Financial ServicesIndustry:
Banks - DiversifiedCountry:
United StatesIPO:
01 June 1972Website:
http://www.wellsfargo.comNext earnings report:
15 January 2025Last dividends:
09 August 2024Next dividends:
08 November 2024Price
after hours | Fri, 01 Nov 2024 23:49:18 GMTAnalysts recommendations
Institutional Ownership
Included in screeners
WFC Latest News
Wells Fargo & Company (NYSE: WFC) has announced that its board of directors has approved a quarterly dividend of $0.40 per share, which will be paid on December 1, 2024, to shareholders who are on record as of November 8, 2024. Wells Fargo is a major financial services firm with around $1.9 trillion in assets. The company offers a wide range of banking, investment, mortgage products, and services for both consumers and businesses.
Wells Fargo's President and CEO, Charles Scharf, appears on 'Mad Money' with Jim Cramer to discuss the latest quarterly results, recent job cuts, and other topics.
Wells Fargo's President and CEO, Charles Scharf, appears on 'Mad Money' with host Jim Cramer to discuss the latest quarterly results, recent job cuts, and other topics.
Wells Fargo's CEO Charlie Scharf shared an optimistic view of the consumer market with CNBC's Jim Cramer. He mentioned, "Consumers have shown remarkable strength."
Wells Fargo's earnings for the third quarter were better than expected, showing a significant 7% increase in earnings per share and strong non-interest income. Even though net interest income and net interest margin have fallen for the seventh quarter in a row, there is hope for a turnaround soon. I still maintain my "buy" rating for Wells Fargo, backed by the positive trends in non-interest income and a better funding mix.
Wells Fargo & Company (WFC) announced on Friday that its earnings for the third quarter were higher than anticipated.
Wells Fargo's growth is limited by an asset cap. The bank needs to improve its practices and show steady progress in its quarterly reports, which may take several years. It can increase earnings per share by buying back shares and enhancing its operating performance.
Wells Fargo CEO Charlie Scharf mentioned on Friday (Oct. 11) that lower inflation and interest rates could provide some help to consumers who really need it.
The market reacted positively to the quarterly reports from JPMorgan and Wells Fargo. Although Wells Fargo did not meet its revenue expectations, JPMorgan exceeded both its revenue and profit forecasts.
Wells Fargo's earnings for the third quarter were better than expected, and the management is performing well even with regulatory challenges. However, I don't anticipate much growth in the next 6 to 12 months. Decreasing interest rates are likely to hurt profitability significantly.
What type of business is Wells Fargo?
Wells Fargo & Company is the largest American financial corporation with assets totaling 1.9 trillion US dollars and shareholder equity of 196 billion US dollars as of the end of 2018. It was founded in 1852. As a diversified financial holding company, it provides banking, investment, and mortgage products and services, as well as consumer and commercial financing through 7,800 branches, over 13,000 ATMs, digital (online, mobile, and social) and contact centers (phone, email, and messaging) located in all 50 states of the US, the District of Columbia, as well as offices in 37 countries and territories to support clients doing business in the global economy. It serves over 70 million customers, every third family in the US. It is listed in the Fortune 500 ranking of America's largest corporations, ranking fourth in assets and third in market value of common stock among all US banks (as of 2018).
What sector is Wells Fargo in?
Wells Fargo is in the Financial Services sector
What industry is Wells Fargo in?
Wells Fargo is in the Banks - Diversified industry
What country is Wells Fargo from?
Wells Fargo is headquartered in United States
When did Wells Fargo go public?
Wells Fargo initial public offering (IPO) was on 01 June 1972
What is Wells Fargo website?
https://www.wellsfargo.com
Is Wells Fargo in the S&P 500?
Yes, Wells Fargo is included in the S&P 500 index
Is Wells Fargo in the NASDAQ 100?
No, Wells Fargo is not included in the NASDAQ 100 index
Is Wells Fargo in the Dow Jones?
No, Wells Fargo is not included in the Dow Jones index
When was Wells Fargo the previous earnings report?
No data
When does Wells Fargo earnings report?
The next expected earnings date for Wells Fargo is 15 January 2025