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Wells Fargo & Co (WFC.N)

WFC.N on New York Stock Exchange

59.95USD
16 Feb 2018
Change (% chg)

$-0.07 (-0.12%)
Prev Close
$60.02
Open
$59.68
Day's High
$60.42
Day's Low
$59.68
Volume
5,890,968
Avg. Vol
5,581,953
52-wk High
$66.31
52-wk Low
$49.28

Latest Key Developments (Source: Significant Developments)

Wells Fargo Names Michael Devito Head Of Home Lending
Tuesday, 30 Jan 2018 

Jan 29 (Reuters) - Wells Fargo & Co ::WELLS FARGO NAMES MICHAEL DEVITO HEAD OF HOME LENDING.WELLS FARGO & CO - ‍LAURA SCHUPBACH TO CONTINUE LEADING WELLS FARGO AUTO, AND JOHN RASMUSSEN TO CONTINUE LEADING PERSONAL LENDING GROUP​.  Full Article

Wells Fargo’s Chief Risk Officer Mike Loughlin To Retire
Wednesday, 17 Jan 2018 

Jan 17 (Reuters) - Wells Fargo & Co ::WELLS FARGO’S CHIEF RISK OFFICER MIKE LOUGHLIN TO RETIRE.WELLS FARGO & CO - COMPANY EXPECTS TO NAME A SUCCESSOR IN NEXT FEW MONTHS AND LOUGHLIN WILL REMAIN IN HIS CURRENT ROLE THROUGH TRANSITION.  Full Article

Wells Fargo & Co Expects FY 2018 Total Expenses To Be In Range $53.5 Bln- $54.5 Bln
Friday, 12 Jan 2018 

Jan 12 (Reuters) - Wells Fargo & Co ::WELLS FARGO & CO - ‍​EXPECTS FY 2018 TOTAL EXPENSES TO BE IN RANGE $53.5 BILLION - $54.5 BILLION.  Full Article

Wells Fargo Reports Q4 Net Income Of $6.2 Bln
Friday, 12 Jan 2018 

Jan 12 (Reuters) - Wells Fargo & Co ::WELLS FARGO REPORTS FOURTH QUARTER 2017 NET INCOME OF $6.2 BILLION; DILUTED EPS OF $1.16.- NET INTEREST INCOME IN Q4 2017 WAS $12.3 BILLION, DOWN $136 MILLION, COMPARED WITH Q3 2017.- QTRLY NET INTEREST MARGIN WAS 2.84 PERCENT, DOWN 2 BASIS POINTS FROM Q3 2017.- TOTAL AVERAGE LOANS WERE $951.8 BILLION IN THE FOURTH QUARTER, DOWN $521 MILLION FROM THE THIRD QUARTER‍​.- QTRLY MORTGAGE BANKING NONINTEREST INCOME WAS $928 MILLION, COMPARED WITH $1.0 BILLION IN Q3 2017.- RESIDENTIAL MORTGAGE LOAN ORIGINATIONS WERE $53 BILLION IN Q4, DOWN FROM $59 BILLION IN Q3.- Q4 2017 FINANCIAL RESULTS INCLUDED $3.35 BILLION AFTER-TAX BENEFIT, OR $0.67 PER SHARE, FROM TAX CUTS & JOBS ACT.- COMMON EQUITY TIER 1 RATIO (FULLY PHASED-IN) OF 11.9 PERCENT AT QUARTER-END VERSUS 11.8 PERCENT AT Q3-END.- RETURN ON EQUITY OF 12.47 PERCENT AT QUARTER-END VERSUS 8.96 PERCENT AT Q3-END.- QTRLY REVENUE $22.1 BILLION VERSUS $21.6 BILLION.- QTRLY NONPERFORMING ASSETS DECREASED $647 MILLION, OR 7 PERCENT, FROM THIRD QUARTER 2017 TO $8.7 BILLION‍​.Q4 REVENUE VIEW $22.38 BILLION -- THOMSON REUTERS I/B/E/S.- Q4 2017 RESULTS INCLUDED $848 MILLION PRE-TAX GAIN, OR $0.11 PER SHARE, ON SALE OF WELLS FARGO INSURANCE SERVICES USA.- Q4 2017 RESULTS INCLUDED $3.25 BILLION PRE-TAX EXPENSE FROM LITIGATION ACCRUALS FOR A VARIETY OF MATTERS.WELLS FARGO - EXPENSE FOR LITIGATION ACCRUALS IN Q4 INCLUDED MORTGAGE-RELATED REGULATORY INVESTIGATIONS, SALES PRACTICES, AND OTHER CONSUMER-RELATED MATTERS.  Full Article

Wells Fargo Announces Support For Fitbit Pay
Thursday, 11 Jan 2018 

Jan 11 (Reuters) - Wells Fargo & Co ::WELLS FARGO ANNOUNCES SUPPORT FOR FITBIT PAY™.WELLS FARGO & CO - WELLS FARGO CUSTOMERS WILL BE ABLE TO USE NEW FITBIT IONIC SMARTWATCH TO MAKE SEAMLESS MOBILE PAYMENTS.  Full Article

Wells Fargo & Co To Raise Minimum Hourly Pay Rate To $15
Thursday, 21 Dec 2017 

Dec 20 (Reuters) - Wells Fargo & Co ::TO RAISE MINIMUM HOURLY PAY RATE TO $15.SAYS ‍COMPANY'S INCREASED MINIMUM HOURLY PAY RATE OF $15 FOR U.S.-BASED TEAM MEMBERS GOES INTO EFFECT IN MARCH 2018​.NEW PAY RATE IS AN 11 PERCENT INCREASE TO CURRENT MINIMUM HOURLY RATE OF $13.50 THAT COMPANY ANNOUNCED IN JANUARY 2017.IN ADDITION, OVER PAST YEAR CO HAVE ADDED FOUR ADDITIONAL PAID HOLIDAYS PER YEAR.ANNOUNCED PLANS TO GRANT RESTRICTED STOCK AWARDS TO ABOUT 250,000 TEAM MEMBERS THAT WILL VEST IN TWO YEARS SUBJECT TO GRANT TERMS.WELLS FARGO CEO SAYS TAX REFORM IS "GOOD" FOR U.S. & CO HAS TAKEN IMMEDIATE STEPS TO INVEST IN TEAM MEMBERS, COMMUNITIES, SMALL BUSINESSES.  Full Article

Wells Fargo Issues Statement On 2017 Resolution Plan Feedback By Federal Reserve And FDIC
Wednesday, 20 Dec 2017 

Dec 19 (Reuters) - Wells Fargo & Co ::WELLS FARGO & CO - ISSUES STATEMENT ON 2017 RESOLUTION PLAN FEEDBACK BY FEDERAL RESERVE AND FDIC.WELLS FARGO & CO SAYS FEDERAL RESERVE AND FDIC FOUND CO'S 2017 RESOLUTION PLAN TO BE "FREE OF DEFICIENCIES".  Full Article

Mary Mack To Lead Wells Fargo’s Consumer Lending And Community Banking Organizations
Tuesday, 19 Dec 2017 

Dec 18 (Reuters) - Wells Fargo & Co ::MARY MACK TO LEAD WELLS FARGO’S CONSUMER LENDING AND COMMUNITY BANKING ORGANIZATIONS.WELLS FARGO - EFFECTIVE IMMEDIATELY APPOINTED MARY MACK TO HEAD CO'S CONSUMER LENDING BUSINESS, IN ADDITION TO COMMUNITY BANKING.  Full Article

Wells Fargo Says ‍Recorded Pre-Tax Gain Of About $845 Mln Upon Close Of Wells Fargo Insurance Services USA Sale To USI Insurance Services​
Monday, 4 Dec 2017 

Dec 4 (Reuters) - Wells Fargo & Co ::WELLS FARGO SAYS ‍RECORDED PRE-TAX GAIN OF ABOUT $845 MILLION UPON CLOSE OF WELLS FARGO INSURANCE SERVICES USA SALE TO USI INSURANCE SERVICES​ - SEC FILING.  Full Article

Wells Fargo To Exit Personal Insurance Business
Wednesday, 29 Nov 2017 

Nov 28 (Reuters) - Wells Fargo & Co ::WELLS FARGO TO EXIT PERSONAL INSURANCE BUSINESS.- IT WILL EXIT PERSONAL INSURANCE BUSINESS AND IMMEDIATELY BEGIN WINDING DOWN MARKETING AND PRODUCT PROMOTION ACTIVITY.‍DECISION COMES AFTER A STRATEGIC ASSESSMENT OF BUSINESS, WHICH BEGAN IN EARLY OCTOBER 2017​.- ‍DECISION TO EXIT PERSONAL INSURANCE BUSINESS DOES NOT IMPACT WELLS FARGO'S WEALTH & INVESTMENT MANAGEMENT'S LIFE INSURANCE PRACTICE​.WELLS FARGO - PERSONAL INSURANCE BUSINESS IS LAST INSURANCE BROKERAGE AGENCY IN CO'S PORTFOLIO, AND ITS FINANCIAL CONTRIBUTION WAS NOT MATERIAL.  Full Article

Deals of the day-Mergers and acquisitions

Feb 15 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Thursday: