Key Details
Price
$77.25Last Dividend
$0.40Annual ROE
10.36%Beta
0.82Events Calendar
Next earnings date:
Jan 15, 2025Recent quarterly earnings:
Oct 11, 2024Recent annual earnings:
Jan 12, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Nov 08, 2024Next split:
N/ARecent split:
Aug 14, 2006Analyst ratings
Recent major analysts updates
Market Data
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Profitability
Efficiency
Valuation
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Institutional Ownership
WFC is close to having its $1.95 trillion asset limit lifted, a restriction that was put in place in 2018 after the company made important improvements in meeting regulations.
Wells Fargo (WFC) has recently caught the attention of many Zacks.com users. Therefore, it's important to look into what the future holds for this stock.
Wells Fargo (WFC) finished the most recent trading session at $76.90, which is an increase of 1.24% compared to the previous day.
I prefer Wells Fargo's Series L "busted" preferred shares because they have low call risk and the chance for capital gains if they are converted. The company's financial performance is strong, with preferred dividends easily covered, needing just 5% of net income, which means reliable payments. The Series L shares provide a stable long-term investment with little risk of being called soon and the possibility of making gains if converted.
Warren urged the Federal Reserve to maintain the asset limit until Wells Fargo can demonstrate that it can manage the risks of being a large organization.
Wells Fargo has sent a review from an outside party to the Federal Reserve, asking to remove a $1.95 trillion limit on its assets that was set after the fake accounts scandal in 2016. Since 2019, CEO Charlie Scharf has been working on compliance issues to try to lift this cap and achieve a major success for the bank. Even though shares are expected to rise in 2024, company leaders believe the asset cap will likely stay in effect for at least another year.
At the end of the last trading day, Wells Fargo (WFC) was priced at $74.09, which represents a decrease of 0.34% compared to the day before.
It is expected that if Trump wins, Wells Fargo will be able to remove its asset cap, which has led to significant profit losses for the bank. This change could help the bank recover financially.
Users of Zacks.com have been paying a lot of attention to Wells Fargo (WFC) lately. Therefore, it's important to understand the key information that could influence the future of the stock.
Wells Fargo & Company (NYSE:WFC) will hold a conference call for the BancAnalysts Association of Boston on November 7, 2024, at 8:10 AM ET. The Chief Financial Officer, Mike Santomassimo, will be participating in the call. Gerard Cassidy, the President of the BancAnalysts Association of Boston, will also be present.
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