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

WELLS FARGO & COMPANY

(WFC)
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Wells Fargo : Federal Reserve Replaces Board Members at Wells Fargo

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02/02/2018 | 06:31pm EDT
By Ryan Tracy and Emily Glazer 

The Federal Reserve on Friday ordered Wells Fargo & Co. to replace four of its board members and face restrictions on its asset growth.

The Fed's order limits growth in the firm's total consolidated assets beyond levels reported at the end of 2017, unless it receives prior approval from the regulator.

The bank will also replace three current board members by April and a fourth by the end of 2018, the Fed said in a press release.

"We cannot tolerate pervasive and persistent misconduct at any bank and the consumers harmed by Wells Fargo expect that robust and comprehensive reforms will be put in place to make certain that the abuses do not occur again," Fed Chairwoman Janet Yellen said in a statement about what will likely be her last major act in charge of the Fed's governing board. "The enforcement action we are taking today will ensure that Wells Fargo will not expand until it is able to do so safely and with the protections needed to manage all of its risks and protect its customers."

Write to Ryan Tracy at ryan.tracy@wsj.com and Emily Glazer at emily.glazer@wsj.com

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Financials (USD)
Sales 2019 84 011 M
EBIT 2019 30 135 M
Net income 2019 21 092 M
Debt 2019 -
Yield 2019 3,93%
P/E ratio 2019 10,2x
P/E ratio 2020 10,8x
Capi. / Sales2019 2,55x
Capi. / Sales2020 2,64x
Capitalization 214 B
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Technical analysis trends WELLS FARGO & COMPANY
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 30
Average target price 48,58  $
Last Close Price 48,63  $
Spread / Highest target 21,3%
Spread / Average Target -0,11%
Spread / Lowest Target -13,6%
EPS Revisions
Managers
NameTitle
Timothy J. Sloan President, Chief Executive Officer & Director
Elizabeth A. Duke Independent Chairman
John R. Shrewsberry Chief Financial Officer & Senior Executive VP
Scott Dillon Chief Technology Officer
John Daniel Baker Independent Director
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