Among the biggest risers on the S&P 500 on Tuesday February 12 was Wells Fargo & Company ($WFC), popping some 2.94% to a price of $49.05 a share with some 21.99 million shares trading hands.
Starting the day trading at $48.01, Wells Fargo & Company reached an intraday high of $49.46 and hit intraday lows of $48.01. Shares gained $1.4 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been 23.87 million of its 4.58 billion share total float. Today’s action puts the stock’s 50-day SMA at $48.37 and 200-day SMA at $52.50 with a 52-week range of $43.02 to $61.27.
Wells Fargo is one of the largest banks in the United States, with approximately $2 trillion in balance sheet assets. The company is split into three segments for reporting purposes: community banking; wholesale banking; and wealth, brokerage, and retirement. The community banking segment serves consumers and small business with products including deposit accounts, credit and debit cards, student, mortgage, and home equity loans. Wholesale banking includes corporate and commercial real estate lending, asset-based lending and trade financing, merchant services, and capital markets businesses. Its wealth management segment includes advisory, brokerage, retirement, and trust services. The bulk of its lending takes place in the United States.
Wells Fargo & Company has its corporate headquarters located in San Francisco, CA and employs 261,700 people. Its market cap has now risen to $224.71 billion after today’s trading, its P/E ratio is now 11.1, its P/S 2.19, P/B 1.3, and P/FCF 15.5.