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WELLS FARGO (WFC)
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Wells Fargo : Securities: “Geopolitical Tensions Cool Down but Growth Concerns in Europe Heat Up.” (Wall Street Webcasting Presents)

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08/20/2014 | 10:57am EST

Wall Street Webcasting has prepared and provided for you an exclusive broadcast of Wells Fargo Securities own, Rich Gordon. Gordon is highly recognized for his weekly narrates regarding the fixed income strategy at Wells Fargo Securities (NYSE:WFC). This week, Gordon turns his attention to the mixed global economic news.

There has been some burdens on aggregate global demand. During the second quarter in the Eurozone, GDP growth was close to zero, and the year over year growth rate fell to .7%. Both CPI and Core CPI in the Eurozone are still below 1%. Perhaps the most troubling piece of economic indications is that Germany is the powerhouse of Europe, and its annualized growth rate fell to 1.2% during the second quarter. It may take a few more concerning economic reports for leaders to realize that they must amend the tightly bound monetary strings in the EU in order to save it from a deeper recession.

There has been a recent vigor in the U.S. dollar and a deficiency in broad commodities indices. The dollar has been trading higher and commodities prices have been decreasing over the course of the summer. The Commodity ETF has dropped over 8 % since June.

On the up side, the conflict in Gaza seems to be coming to an end. Russia’s position to support the separatists in the Ukraine appears to be shifting and forces in the Ukraine have reclaimed some of the territory that was solicited by the separatists. With assistance of U.S. air strikes, Iraqi forces have re-taken targets from Isis.

To hear a more in depth explanation of the daunting condition of the Eurozone and the global effects that this could have, please tune into Wells Fargo’s latest video.

Please visit the following link to view the video:

http://www.wsw.com/webcast/wav/


© Business Wire 2014
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Financials ($)
Sales 2019 85 404 M
EBIT 2019 32 058 M
Net income 2019 22 349 M
Debt 2019 -
Yield 2019 3,66%
P/E ratio 2019 10,04
P/E ratio 2020 8,78
Capi. / Sales 2019 2,75x
Capi. / Sales 2020 2,70x
Capitalization 235 B
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Number of Analysts 32
Average target price 57,0 $
Spread / Average Target 14%
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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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