Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nyse  >  Wells Fargo    WFC

WELLS FARGO

(WFC)
My previous session
Most popular
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Wells Fargo : to combine private bank with ultra-rich client business

share with twitter share with LinkedIn share with facebook
share via e-mail
0
11/08/2018 | 02:51pm EDT
FILE PHOTO: A Wells Fargo logo is seen at the SIBOS banking and financial conference in Toronto

(Reuters) - Wells Fargo said on Thursday it is restructuring its wealth and investment management business to combine its two high-net worth operations, the private bank and Abbot Downing, under a new unit leader who it has not yet named.

As part of the plans, the bank will also create a new unit under wealth management for its direct-to-client products, Intuitive Investor and Wells Trade. Another new unit will cover lending, trust and mergers and acquisitions, bank spokeswoman Shea Leordeanu said in an emailed statement.

Leaders of the three units, who have not yet been named, will report to Jon Weiss, head of wealth and investment management.

(Reporting by Bharath Manjesh in Bengaluru and Elizabeth Dilts in New Yori; Editing by Anil D'Silva and David Gregorio)

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on WELLS FARGO
03/22WELLS FARGO & COMPANY/MN : Financial Statements and Exhibits (form 8-K)
AQ
03/22Bank Shares Resume Slide as Growth Fears Spook Investors
DJ
03/22WELLS FARGO : Announces First Quarter 2019 Earnings Information
BU
03/21Bank Stocks Slump on Revived Global Growth Worries -- Update
DJ
03/21GOLDMAN SACHS : Wells Fargo in talks with ex-Goldman exec Schwartz to be next CE..
RE
03/21Bank Stocks Slump on Revived Global Growth Worries
DJ
03/20WELLS FARGO & COMPANY/MN : Financial Statements and Exhibits (form 8-K)
AQ
03/19WELLS FARGO : Donated $6 Million to Support Virginia Nonprofits in 2018
BU
03/18WELLS FARGO & COMPANY/MN : Financial Statements and Exhibits (form 8-K)
AQ
03/18PATRICK THOMAS : Wells Fargo Board Recommends Voting Against Median Gender Pay G..
DJ
More news
Financials ($)
Sales 2019 85 346 M
EBIT 2019 31 990 M
Net income 2019 22 320 M
Debt 2019 -
Yield 2019 3,79%
P/E ratio 2019 9,74
P/E ratio 2020 8,46
Capi. / Sales 2019 2,57x
Capi. / Sales 2020 2,54x
Capitalization 219 B
Chart WELLS FARGO
Duration : Period :
Wells Fargo Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends WELLS FARGO
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 32
Average target price 56,7 $
Spread / Average Target 17%
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
Sector and Competitors
1st jan.Capitalization (M$)
WELLS FARGO4.84%219 422
JP MORGAN CHASE & COMPANY2.19%326 638
INDUSTRIAL AND COMMERCIAL BANK OF CHINA5.48%289 720
BANK OF AMERICA9.62%260 348
CHINA CONSTRUCTION BANK CORPORATION10.36%237 237
BANK OF CHINA LTD5.26%198 546