Wells Fargo & Company (WFC) Dips 3.11% for March 22

Equities Staff  |

Among the S&P 500’s biggest fallers on Friday March 22 was Wells Fargo & Company (WFC). The stock experienced a 3.11% decline to $48.31 with 27.78 million shares changing hands.

Wells Fargo & Company started at an opening price of 49.25 and hit a high of $49.47 and a low of $48.00. Ultimately, the stock took a hit and finished the day at $1.55 per share. Wells Fargo & Company trades an average of n/a shares a day out of a total 4.54 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 $59.53 and a low of $43.02 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,or WIM. 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. WIM includes advisory, brokerage, retirement, and trust services. The bulk of its lending takes place in the United States.

With its headquarters located in San Francisco, CA, Wells Fargo & Company employs 261,700 people. After today’s trading, the company’s market cap has fallen to $219.42 billion, a P/S of n/a, a P/B of 1.27, and a P/FCF of n/a.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on Wells Fargo & Company and to follow the company’s latest updates, you can visit the company’s profile page here: WFC’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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