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

WELLS FARGO & COMPANY

(WFC)
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Delayed Quote. Delayed Nyse - 01/24 04:04:13 pm
47.57 USD   -1.35%
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Wells Fargo mpany : Names Charles Scharf President, CEO

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09/27/2019 | 07:45am EST

By Colin Kellaher

Bank of New York Mellon Corp. Chairman and Chief Executive Charles Scharf is leaving next month to become president and chief executive of Wells Fargo & Co., the banks said Friday.

Wells Fargo said Mr. Scharf will join as president, CEO and a member of the board on Oct. 21, succeeding C. Allen Parker, who has been serving on an interim basis since Timothy Sloan resigned in late March.

BNY Mellon said Mr. Scharf has stepped down as chairman and CEO, adding that Thomas "Todd" Gibbons, a 30-year company veteran, will serve as interim chief executive.

Joseph Echevarria, BNY Mellon's lead independent director, will serve as nonexecutive chairman.

Write to Colin Kellaher at colin.kellaher@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
BANK OF NEW YORK MELLON CORPORATION (THE) -1.63% 45.95 Delayed Quote.-8.70%
WELLS FARGO & COMPANY -1.35% 47.57 Delayed Quote.-11.58%
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More news
Financials (USD)
Sales 2020 79 363 M
EBIT 2020 25 361 M
Net income 2020 16 665 M
Debt 2020 -
Yield 2020 4,40%
P/E ratio 2020 11,6x
P/E ratio 2021 10,4x
Capi. / Sales2020 2,48x
Capi. / Sales2021 2,43x
Capitalization 197 B
Chart WELLS FARGO & COMPANY
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Technical analysis trends WELLS FARGO & COMPANY
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 30
Average target price 50,85  $
Last Close Price 47,57  $
Spread / Highest target 26,1%
Spread / Average Target 6,89%
Spread / Lowest Target -11,7%
EPS Revisions
Managers
NameTitle
Charles William Scharf President, Chief Executive Officer & Director
Elizabeth A. Duke Independent Chairman
Scott E. Powell Chief Operating Officer
John Richard Shrewsberry Chief Financial Officer & Senior Executive VP
Saul van Beurden Head-Technology
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