Wells Fargo & Company (WFC) Dips 9.49% for February 05

Equities Staff  |

Among the S&P 500’s biggest fallers on Monday February 05 was Wells Fargo & Company (WFC). The stock experienced a 9.49% decline to $57.99 with 92.87 million shares changing hands.

Wells Fargo & Company started at an opening price of 58.70 and hit a high of $59.89 and a low of $57.95. Ultimately, the stock took a hit and finished the day at $6.08 per share. Wells Fargo & Company trades an average of 18.09 million shares a day out of a total 4.89 billion shares outstanding. The current moving averages are a 50-day SMA of $60.63 and a 200-day SMA of $54.75. Wells Fargo & Company hit a high of $66.31 and a low of $49.27 over the last year.

Wells Fargo & Co operates as one of the largest banks in the United States. Its business operations are split into three segments: community banking; wholesale banking; and wealth, brokerage, and retirement.

With its headquarters located in San Francisco, CA, Wells Fargo & Company employs 268,000 people. After today’s trading, the company’s market cap has fallen to $283.66 billionAs for its value, has a P/E ratio of <15.7, a P/S of 3.21, a P/B of 1.57, and a P/FCF of 27.

To dig deeper into the fundamentals of Wells Fargo & Company and perform your own analysis, visit our Stock Valuation Analysis tool for WFC.

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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The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns.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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