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WELLS FARGO & COMPANY

(WFC)
  Report
Delayed Nyse  -  04:03 2022-12-09 pm EST
42.50 USD   -0.19%
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Trending : Wells Fargo to Pay $145 Million to Settle 401(k) Probe

09/12/2022 | 01:42pm EST

15:27 EDT -- Wells Fargo & Co. is one of the most talked about companies in the U.S. across all news items in the last 12 hours, according to Factiva data. Wells Fargo agreed to pay about $145 million to resolve U.S. Labor Department allegations that the bank's retirement plan overpaid for its own stock. The department found that the bank's 401(k) plan and its trustee paid between $1,033 and $1,090 per share for preferred stock, which later converted to $1,000 in common stock when it was allocated to plan participants. Wells Fargo shares traded 0.4% higher at $45.53 Monday afternoon. Dow Jones & Co. owns Factiva. (matthew.walker@dowjones.com)


(END) Dow Jones Newswires

09-12-22 1542ET

All news about WELLS FARGO & COMPANY
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Analyst Recommendations on WELLS FARGO & COMPANY
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Financials (USD)
Sales 2022 74 319 M - -
Net income 2022 14 393 M - -
Net Debt 2022 - - -
P/E ratio 2022 11,4x
Yield 2022 2,59%
Capitalization 162 B 162 B -
Capi. / Sales 2022 2,18x
Capi. / Sales 2023 1,98x
Nbr of Employees 239 209
Free-Float 69,2%
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Technical analysis trends WELLS FARGO & COMPANY
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Income Statement Evolution
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Sell
Buy
Mean consensus BUY
Number of Analysts 26
Last Close Price 42,50 $
Average target price 53,95 $
Spread / Average Target 26,9%
EPS Revisions
Managers and Directors
Charles William Scharf President, Chief Executive Officer & Director
Michael P. Santomassimo Chief Financial Officer & Senior Executive VP
Steven D. Black Chairman
Saul van Beurden Senior Executive VP & Head-Technology
Scott E. Powell Chief Operating Officer & Senior Executive VP
Sector and Competitors