Wells Fargo (WFC)

Learn everything you need to know about Wells Fargo and find links to beginner-friendly guides that show you the best way to invest in it.
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Updated: Feb 15, 2023
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About Wells Fargo

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What is Wells Fargo?

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Wells Fargo is an American multinational financial services company headquartered in San Francisco, California. It is one of the largest banks in the United States and provides its customers with a wide range of financial products and services.

Founded in 1852 by Henry Wells and William Fargo, it now operates over 7,200 branches and 13,000 ATMs across the United States, serving millions of customers. The bank offers many financial services, including banking, lending, investment, and insurance products. Its customers include individuals, businesses, and institutions.

How does Wells Fargo make money?

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Wells Fargo makes money primarily through its core banking and lending operations. It earns interest from loans and investments and charges fees for various services, such as account maintenance, overdrafts, and wire transfers. The bank also generates revenue from its wealth, investment management services, and insurance products.

What is Wells Fargo’s best selling service?

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Wells Fargo’s best selling service is its checking and savings accounts. The bank offers several checking and savings accounts, including basic and premium options, each with different features and benefits.

Customers can also access online and mobile banking services to manage their accounts and make transactions. It also offers a variety of credit cards, personal and business loans, and mortgage products to meet the financial needs of its customers.

Who are the key executives at Wells Fargo?

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Here’s a list of the executive team at Wells Fargo.

  • Charles W. Scharf. Pres, CEO & Director
  • Michael P. Santomassimo. Sr. EVP & CFO
  • Scott E. Powell. Sr. EVP & COO
  • Jonathan Geoffrey Weiss. Sr. EVP and CEO of Corp. & Investment Banking
  • Ather Williams III. Sr. EVP and Head of Strategy, Digital & Innovation
  • Muneera S. Carr. Chief Accounting Officer, Exec. VP & Controller
  • Saul Van Beurden. Sr. EVP & Head of Technology
  • David Owen. Chief Admin. Officer
  • John M. Campbell. Director of Investor Relations
  • Ellen Reilly Patterson. EVP & Gen. Counsel

Where can I buy shares in Wells Fargo?

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You can buy Wells Fargo stock on a stock trading platform. These platforms are extremely simple to use but there are different options to suit your specific needs. If you are a first-time investor you might want to use a trading platform for beginners, while if you plan on doing a lot of trading from your phone, a stock trading app might be best.

Are there any other ways to invest in Wells Fargo?

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The simplest way to invest in Wells Fargo is to buy shares through a stock broker. However, you can also invest through an ETF or a fund. The best ETFs allow you to invest in the stock market more generally rather than focus on one company.

Wells Fargo is part of the Nyse index, so you can invest in an ETF that tracks that index, or choose a blue chip ETF that lets you own a basket of related stocks from the same industry.

More about the WFC price

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What is the Wells Fargo stock price today?

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The WFC stock price today is currently $48.50 as of 15 February, 2023. The price of Wells Fargo is down 13.08% in the past 52 weeks. You can use the live Wells Fargo stock chart to track the NYSE:WFC price in real time above, or compare the Wells Fargo value today to its past performance using the Wells Fargo financials tab at the top of this page.

What is the 52-week low for Wells Fargo stock?

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The 52-week low for Wells Fargo stock is $36.54. WFC stock is currently 31.96% above the 52-week low.

What is the 52-week high for Wells Fargo stock?

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The 52-week high for Wells Fargo stock is $58.88. WFC stock is currently 20.08% below the 52-week high.

What is the stock forecast for Wells Fargo?

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The average Wells Fargo stock forecast has a price target of $53.26 by the end of 2023. Wells Fargo’s latest financial results, the broader economic outlook, and the industry’s competition all influence these forecasts.

It’s best to take analyst forecasts with a grain of salt but you can use their estimates to help you understand the weight of opinion about a stock.

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FAQs

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Latest Wells Fargo news

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Recent Wells Fargo price analysis

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Sources & references
Risk disclaimer
Prash Raval
Financial Writer
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or teaching his son how to kick a… read more.