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

WELLS FARGO & COMPANY

(WFC)
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Wells Fargo : Donates $330,000 to Tornado and Flood Relief Efforts

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06/20/2019 | 04:55pm EDT

The recent tornadoes and floods affecting the southern and central plains have had a devastating effect on multiple states. Reflecting its commitment to local communities and residents, Wells Fargo & Company (NYSE: WFC) today announced a donation of $330,000 to aid in the relief efforts.

The Wells Fargo Foundation will donate $307,500 to the American Red Cross* for immediate needs including shelter, meals, emotional support and assistance with rebuilding and recovery plans. An additional $22,500 will be distributed to local disaster response funds.

“Our thoughts are with those struggling with the impact of recent storms,” said Jon Campbell, president of the Wells Fargo Foundation. “Wells Fargo is committed to helping local communities recover and thrive.”

In 2019, the company is targeting 2% of after-tax profits for corporate philanthropy, and today’s donation is part of that effort. In March, the company donated $235,000 to aid with Midwest flood relief efforts. In 2018, Wells Fargo donated a total of $444 million to nearly 11,000 nonprofits that help communities and people in need, surpassing its $400 million goal.

Customers who wish to donate to the American Red Cross for relief efforts may do so by making electronic donations through Zelle®. To donate funds, go to the Wells Fargo mobile banking application, select “Send Money with Zelle®.” Enter “American Red Cross” as the recipient and type the e-mail address, donations@redcross.org in the contact field. For more information, go to https://www.wellsfargo.com/zelledonation.

Customers who are experiencing hardship due to the storms can contact Wells Fargo Customer Support at the number on their credit cards, debit cards or statements to discuss their options. Affected customers can also contact their banker by visiting their nearest Wells Fargo branch.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, investment and mortgage products and services, as well as consumer and commercial finance, through 7,700 locations, more than 13,000 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 33 countries and territories to support customers who conduct business in the global economy. With approximately 262,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 29 on Fortune’s 2019 rankings of America’s largest corporations. News, insights and perspectives from Wells Fargo are also available at Wells Fargo Stories.

* The American Red Cross name, emblem and copyrighted materials are being used with its permission, which in no way constitutes an endorsement, express or implied, of any product, service, company, opinion or political position. The American Red Cross logo is a registered trademark owned by The American National Red Cross. For more information about the American Red Cross, please visit redcross.org.


© Business Wire 2019
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Financials (USD)
Sales 2020 73 938 M - -
Net income 2020 4 590 M - -
Net Debt 2020 - - -
P/E ratio 2020 24,3x
Yield 2020 7,54%
Capitalization 109 B 109 B -
EV / Sales 2019
Capi. / Sales 2020 1,47x
Nbr of Employees 263 000
Free-Float 74,6%
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 28
Average target price 31,10 $
Last Close Price 26,47 $
Spread / Highest target 88,9%
Spread / Average Target 17,5%
Spread / Lowest Target -28,2%
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Managers
NameTitle
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
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