Wells Fargo & Co (NYSE:WFC) had declared a cash dividend of $0.3800 on Jul 26, 2016. The shares will quote ex-dividend on Aug 3, 2016 and the record date has been fixed for Aug 5, 2016. On Jul 26, 2016 share price, the yield comes out to be 3.1588%. The dividend payable date has been fixed on Sep 1, 2016.
In a different note, On Jul 18, 2016, Barclays said it Maintains its rating on Wells Fargo & Co. In the research note, the firm Lowers the price-target to $63.00 per share. The shares have been rated ‘Overweight’ by the firm. Berenberg said it Initiates Coverage on Wells Fargo & Co, according to a research note issued on Jul 13, 2016. The shares have been rated ‘Hold’ by the firm. On Jul 7, 2016, Raymond James said it Downgrades its rating on Wells Fargo & Co. The shares have been rated ‘Market Perform’ by the firm.
Wells Fargo & Co (WFC) shares turned negative on Fridays trading session with the shares closing down -0.16 points or -0.33% at a volume of 1,31,11,673. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $48.17. The peak price level was also seen at $48.17 while the days lowest was $47.95. Finally the shares closed at $47.97. The 52-week high of the shares is $58.25 while the 52-week low is $44.5. According to the latest information available, the market cap of the company is $243,546 M.
Wells Fargo & Co(WFC) last announced its earnings results on Jul 15, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $22.16B. Analysts had an estimated revenue of $22.21B. Earnings per share were $1.01. Analysts had estimated an EPS of $1.01.
Several Insider Transactions has been reported to the SEC. On May 6, 2016, Federico F Pena (director) purchased 85 shares at $49.50 per share price.Also, On May 4, 2016, James H. Quigley (director) purchased 2,000 shares at $49.97 per share price.On Apr 28, 2016, James M Strother (Sr. Executive Vice President) sold 40,000 shares at $50.77 per share price, according to the Form-4 filing with the securities and exchange commission.
Wells Fargo & Company is a financial services and bank holding company. The Company’s segments are Community Banking Wholesale Banking and Wealth and Brokerage and Retirement. The Company’s Community Banking segment offers a range of financial products and services for consumers and small businesses including checking and savings accounts credit and debit cards and auto student and small business lending. The Community Banking segment’s products include investment insurance and trust services and mortgage and home equity loans. The Community Banking segment’s products and business segments include middle market commercial banking government and institutional banking corporate banking and commercial real estate among others. The Company’s Wholesale Banking segment provides a range of financial solutions to businesses across the United States and around the world. The Wealth and Brokerage and Retirement segment provides a range of financial advisory services.