MARKET COMPOSITE
WFC - Wells Fargo & Co.8:00:02 PM 4/19/2024
Price
$60.35
+ 1.61 (2.74%)
Wells Fargo & Company is an American multinational financial services company headquartered in San Francisco, California, with managerial offices throughout the United States and overseas. It is the world's fourth-largest bank by market capitalization and the fourth largest bank in the US by total assets. Wells Fargo is ranked number 26 on the 2018 Fortune 500 rankings of the largest US corporations by total revenue. In July 2015, Wells Fargo became the world's largest bank by market capitalization, edging past ICBC, before slipping behind JPMorgan Chase in September 2016, in the wake of a scandal involving the creation of over 2 million fake bank accounts and illegal manipulation of other accounts by Wells Fargo employees. Wells Fargo fell behind Bank of America to third by bank deposits in 2017 and behind Citigroup to fourth by total assets in 2018. Wells Fargo is incorporated in Delaware.
Financials
Quarterly financials
(USD)Dec 2023Q/Q
Revenue20.5B-2%
Operating Income3.4B-48%
Operating Expenses15.8B+20%
Net Income3.4B-40%
Professional Service1.2B-5%
Provision1.3B+7%
Interest Expense10.1B+12%
Stock Chart

Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from 

Finra

Moving Average Convergence/Divergence oscillator (MACD) is one of the simplest and most effective momentum indicators available.

Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. RSI oscillates between zero and 100. According to Wilder, RSI is considered overbought when above 70 and oversold when below 30.

Stock news

    Wells Fargo was accused of sex discrimination in a lawsuit by a bond saleswoman who said the fourth-largest U.S. bank denied pay and promotions available to men and tolerated an "unapologetically sexist" workplace. The complaint filed on Friday in federal court in Chicago by Michal Leavitt is the latest in a long line of lawsuits accusing big U.S. banks of bias against women. Leavitt said Wells Fargo's practice of steering larger accounts toward men in its financial institutions group cost her...

    (Bloomberg) -- A Wells Fargo & Co. bond saleswoman sued the bank for sex discrimination, claiming she was denied the same promotions and pay as men and forced to endure a “boys’ club” environment. Most Read from BloombergElon Wants His Money BackNew York’s Rich Get Creative to Flee State Taxes. Auditors Are On to ThemDubai Grinds to Standstill as Flooding Hits City‘Mag Seven’ Get Crushed Before Next Week’s Results: Markets WrapIsrael Reported to Have Launched Retaliatory Strike on IranMichal Lea

    NORTHAMPTON, MA / ACCESSWIRE / April 19, 2024 / Wells Fargo: The Coro New York Leadership Center announced a transformative $500,000 grant from the Wells Fargo Foundation in support of Coro's Neighborhood Leadership program, a peer-driven mentorship ...

    Buffett no longer likes this stock, but the Senate's top-ranking Republican does.

    The company accused a former Edward Jones advisor and Wells Fargo of breach of contract, unfair competition, and other misconduct related to the advisor’s alleged solicitation of Edward Jones clients.

    Award Funding to Empower Climate-Tech Innovators at Camp Cleantech on August 12-14, 2024, in Denver, Colorado DENVER, CO / ACCESSWIRE / April 18, 2024 / Today, the Wells Fargo Innovation Incubator (IN²), a $50 million clean technology program funded ...

    As the U.S. financial sector grapples with recent earnings releases, investor reactions have been mixed. Some stocks are witnessing declines. Others are posting gains. See below. Banks Q1 Earnings Reports And Market Reactions, So Far Company Ticker Mkt Cap ($ mn) Price ($) Rating JPMorgan Price Target End Date Q1 Earnings Date EPS Revenue Stock Reaction (since earnings) as of April 18, 2:40 PM ET Citigroup Inc. C 119,590.80 62.84 N 64 Dec-24 Apr 12 Beat Beat -4.46% Wells Fargo WFC 206,396.90 57.

    Today's Research Daily features new research reports on 16 major stocks, including Eli Lilly and Company (LLY), Linde plc (LIN) and Caterpillar Inc. (CAT).

    (Bloomberg) -- Investors flocked to Treasury yields near the highest levels of the year on Wednesday, including in an auction of 20-year bonds.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingTesla Asks Investors to Approve Musk’s $56 Billion Pay AgainRed Lobster Considers Bankruptcy to Deal With Leases and Labor CostsBankers Hit With Millions in Breakup Fees for Ditching New JobsChina Tells Iran Cooperation Will Last After Attack on IsraelThe rally trimmed yie

    BYRN, WFC and SAND made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on April 17, 2023.