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MarketScreener Homepage  >  Equities  >  Nyse  >  Wells Fargo & Company    WFC


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DEADLINE TOMORROW: The Schall Law Firm Announces the Filing of a Class Action Lawsuit Against Wells Fargo & Company and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm

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08/09/2020 | 12:16pm EDT

The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Wells Fargo & Company (“Wells Fargo” or “the Company”) (NYSE: WFC) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between February 2, 2018 and March 10, 2020, inclusive (the ''Class Period''), are encouraged to contact the firm before August 10, 2020.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at brian@schallfirm.com.

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Wells Fargo failed to maintain appropriate internal controls over financial reporting. The Company did not maintain compliance with the 2018 regulatory consent orders against it. Remedial plans developed by the Company were insufficient to prevent further consumer abuses. These remedial measures also failed to protect the Company’s customers from consumer fraud. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about Wells Fargo, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

© Business Wire 2020
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Financials (USD)
Sales 2020 71 514 M - -
Net income 2020 641 M - -
Net Debt 2020 - - -
P/E ratio 2020 2 055x
Yield 2020 4,85%
Capitalization 103 B 103 B -
Capi. / Sales 2020 1,44x
Capi. / Sales 2021 1,42x
Nbr of Employees 266 300
Free-Float 75,0%
Duration : Period :
Wells Fargo & Company Technical Analysis Chart | MarketScreener
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Technical analysis trends WELLS FARGO & COMPANY
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus HOLD
Number of Analysts 28
Average target price 29,30 $
Last Close Price 25,07 $
Spread / Highest target 83,5%
Spread / Average Target 16,9%
Spread / Lowest Target -16,2%
EPS Revisions
Charles William Scharf President, Chief Executive Officer & Director
Charles H. Noski Chairman
Scott E. Powell Chief Operating Officer & Senior Executive VP
John Richard Shrewsberry Chief Financial Officer & Senior Executive VP
Saul van Beurden Senior Executive VP & Head-Technology
Sector and Competitors