Wells Fargo & Company (WFC) Dips 7.8%

Wells Fargo & Company (WFC) Dips 7.8%

Wells Fargo & Company is a Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets.

Among the S&P 500’s biggest fallers on Friday January 15 was Wells Fargo & Company (WFC). The stock experienced a 7.8% decline to $32.04 with 90.96 million shares changing hands.

Wells Fargo & Company started at an opening price of 33.08 and hit a high of $33.50 and a low of $31.82. Ultimately, the stock took a hit and finished the day at $2.71 per share. Wells Fargo & Company trades an average of n/a shares a day out of a total 4.13 billion shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Wells Fargo & Company hit a high of $50.75 and a low of $20.77 over the last year.

Wells Fargo is one of the largest banks in the United States, with approximately $1.9 trillion in balance sheet assets. The company is split into three segments for reporting purposes: community banking; wholesale banking; and wealth and investment management. The community banking segment serves consumers and small businesses with products including deposit accounts, credit and debit cards, and 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. Wealth and investment management includes advisory, brokerage, retirement, and trust services.

With its headquarters located in San Francisco, CA, Wells Fargo & Company employs 262,800 people. After today’s trading, the company’s market cap has fallen to $132.47 billion, a P/S of n/a, a P/B of 0.83, and a P/FCF of n/a.

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