Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

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

WELLS FARGO & COMPANY

(WFC)
  Report  
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Wells Fargo : Commercial Banking Adds Downtown D.C. Office

share with twitter share with LinkedIn share with facebook
share via e-mail
0
02/11/2016 | 11:31am EST

Strong demand from middle market companies drives continued growth

Continuing its steady growth of Commercial Banking in the East, Wells Fargo & Company (NYSE: WFC) announced today it has opened its newest middle market office in downtown Washington, D.C.

This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20160211006055/en/

Wells Fargo Commercial Banking Office opens in downtown D.C. Team pictured from left to right: Carol ...

Wells Fargo Commercial Banking Office opens in downtown D.C. Team pictured from left to right: Carol Seitz, Tim Favinger, Barbara Angel, Greg Polgar, Mendel Lay and not pictured, Lakendra Lovette (Photo: Business Wire)

Barbara Angel, a 30-year Wells Fargo veteran, will lead the Regional Commercial Banking Office at 1750 H Street. Her team ― including Mendel Lay, senior relationship manager; Carol Seitz, business development officer; Greg Polgar, relationship manager; Tim Favinger, portfolio manager; and Lakendra Lovette, relationship associate ― serve commercial and mid-corporate companies throughout the Greater Washington region. In addition to traditional sector businesses, such as light manufacturing and distribution, D.C. is home to many businesses in the government services space.

“Wells Fargo has enjoyed strong growth throughout the mid-Atlantic since 2013, following Edmond Lelo’s appointment as Mid-Atlantic Division Manager,” said John Manning, head of Wells Fargo Commercial Banking for the East Region. “D.C. is an especially important market as evidenced by the growth of our commercial lending presence throughout the region. We believe our overall investment in the region will help middle market business to thrive.”

“Since 2013, we have added two new offices and 20 team members in three locations serving greater Washington, including McLean, Virginia; Bethesda, Maryland; and now downtown D.C.,” said Keith Hoelzer, region head of Wells Fargo Commercial Banking for the Capital Region. “This region is home to hundreds of dynamic, diverse companies representing everything from health care to technology and government contractors to wholesalers and distributors.”

Wells Fargo first arrived in the District in 1914, entering the nation’s capital on B&O Railroad connections. The company’s first office in the nation’s capital was located at 1221 G Street NW. Today, Wells Fargo has close to 700 team members working throughout the District.

About Wells Fargo Commercial Banking

With more than 140 offices in 38 states and four Canadian provinces, Wells Fargo Commercial Banking provides local service and decision-making for businesses with annual revenues of greater than $20 million. Asset-based lending, traditional secured loans, and capital markets provide access to working capital for day-to-day operations and growth. Expertise and services are available to specialty industries, including food and agribusiness, healthcare, government, higher education, clean technology, and environmental services. Wells Fargo has the highest market share of middle-market company relationships in the U.S., according to the 2013 TNS Commercial Banking Momentum Monitor. Winner of the 2015 TNS Choice Awards, Wells Fargo is the No. 1 preferred bank by companies in the U.S. with annual sales of $50 million to $2 billion.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.8 trillion in assets. Founded in 1852 and headquartered in San Francisco, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial finance through 8,700 locations, 12,800 ATMs, the internet (wellsfargo.com) and mobile banking, and has offices in 36 countries to support customers who conduct business in the global economy. With approximately 265,000 team members, Wells Fargo serves one in three households in the United States. Wells Fargo & Company was ranked No. 30 on Fortune’s 2015 rankings of America’s largest corporations. Wells Fargo’s vision is to satisfy our customers’ financial needs and help them succeed financially. Wells Fargo perspectives are also available at Wells Fargo Blogs and Wells Fargo Stories.


© Business Wire 2016
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on WELLS FARGO & COMPANY
12/05Modest U.S. growth outlook static despite hopes for trade reprieve - Reuters ..
RE
12/05NEWS HIGHLIGHTS : Top Financial Services News of the Day
DJ
12/05WELLS FARGO MPANY : Presentation (PDF)
PU
12/05WELLS FARGO MPANY : List of Woes Grows
DJ
12/04WELLS FARGO MPANY : Banking Regulator Rebukes Wells Fargo's HR Operations
DJ
12/04NEWS HIGHLIGHTS : Top Company News of the Day
DJ
12/04WELLS FARGO & COMPANY/MN : Financial Statements and Exhibits (form 8-K)
AQ
12/04NEWS HIGHLIGHTS : Top Company News of the Day
DJ
12/04WELLS FARGO MPANY : HR Department Draws Rebuke From Top Banking Regulator
DJ
12/03WELLS FARGO INVESTMENT INSTITUTE REL : A Call for Resilience'
BU
More news
Financials (USD)
Sales 2019 84 338 M
EBIT 2019 29 169 M
Net income 2019 20 002 M
Debt 2019 -
Yield 2019 3,52%
P/E ratio 2019 12,0x
P/E ratio 2020 12,6x
Capi. / Sales2019 2,67x
Capi. / Sales2020 2,81x
Capitalization 225 B
Chart WELLS FARGO & COMPANY
Duration : Period :
Wells Fargo & Company Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends WELLS FARGO & COMPANY
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 31
Average target price 51,48  $
Last Close Price 54,37  $
Spread / Highest target 10,4%
Spread / Average Target -5,31%
Spread / Lowest Target -22,8%
EPS Revisions
Managers
NameTitle
Charles William Scharf President, Chief Executive Officer & Director
Elizabeth A. Duke Independent Chairman
John R. Shrewsberry Chief Financial Officer & Senior Executive VP
Saul van Beurden Head-Technology
Gary Owen Chief Information Security Officer
Sector and Competitors
1st jan.Capitalization (M$)
WELLS FARGO & COMPANY15.52%225 129
JPMORGAN CHASE & CO.36.30%417 278
BANK OF AMERICA CORPORATION34.29%297 648
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED-1.44%281 687
CHINA CONSTRUCTION BANK CORPORATION-3.73%200 113
CITIGROUP INC.43.51%163 106