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 mpany : Taps Santander US Chief as Chief Operating Officer

share with twitter share with LinkedIn share with facebook
share via e-mail
0
12/02/2019 | 05:33pm EST

By Kimberly Chin

Wells Fargo & Co. (WFC) has named Scott Powell, the chief executive at Santander Holdings USA Inc., as its next chief operating officer, a move that will bring an executive experienced in financial turnarounds and regulation to its fold.

He will begin his newly-created role at Wells Fargo on Dec. 9. Based in New York, Mr. Powell will oversee regulatory execution and relations, enterprise-shared services as well as other operational functions at the company, Wells Fargo said.

"He's the ideal person to take on this new position as we seek to transform Wells Fargo so that high-quality execution, clear accountability and operational excellence become unquestioned components of our culture," said Wells Fargo CEO Charlie Scharf in prepared remarks.

At Santander, Mr. Powell, who also held the chief executive role at Santander Consumer USA Holdings Inc., was responsible for leading the financial turnaround at the consumer-finance company, including dealing with significant regulatory issues, improving customer oversight and improving financial and operating controls.

Separately, Santander Holdings USA has named Timothy Wennes to succeed Mr. Powell as its next chief executive, effective immediately. Mr. Wennes joined Santander in September as the chief executive officer of Santander Bank, N.A. He will now hold both titles.

Santander's U.S. Chief Risk Officer Mahesh Aditya has been named chief executive of Santander Consumer USA. He first joined Santander in 2017 and previously held the role of chief operating officer.

Write to Kimberly Chin at kimberly.chin@wsj.com

Stocks mentioned in the article
ChangeLast1st jan.
SANTANDER CONSUMER USA HOLDINGS INC. -1.29% 22.91 Delayed Quote.30.24%
WELLS FARGO & COMPANY -0.83% 53.92 Delayed Quote.17.99%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on WELLS FARGO & COMPANY
12/09WELLS FARGO & COMPANY/MN : Financial Statements and Exhibits (form 8-K)
AQ
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
More news
Financials (USD)
Sales 2019 84 338 M
EBIT 2019 29 169 M
Net income 2019 20 002 M
Debt 2019 -
Yield 2019 3,55%
P/E ratio 2019 11,9x
P/E ratio 2020 12,5x
Capi. / Sales2019 2,70x
Capi. / Sales2020 2,85x
Capitalization 228 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 53,92  $
Spread / Highest target 11,3%
Spread / Average Target -4,52%
Spread / Lowest Target -22,1%
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 & COMPANY17.99%228 047
JPMORGAN CHASE & CO.37.69%421 511
BANK OF AMERICA CORPORATION36.00%301 426
INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED0.00%281 603
CHINA CONSTRUCTION BANK CORPORATION-2.17%203 143
CITIGROUP INC.45.62%164 460