WELLS FARGO (WFC) Stocks
ABOUT WELLS FARGO
📊 Wells Fargo & Company, a global financial services company, was founded in 1852, and is headquartered in San Francisco, California, in the United States.
📊 It is the world’s fourth largest bank by market capitalization and also America’s third biggest bank. Wells Fargo, in its present form, was established through the merger of the San Francisco-based Wells Fargo & Company and the Minneapolis-based Norwest Corporation in 1998, and the subsequent 2008 acquisition of Charlotte-based Wachovia.
📊 The bank transferred its headquarters to Wells Fargo’s headquarters in San Francisco, and merged its operating subsidiary with Wells Fargo’s operating subsidiary, Wells Fargo Bank, N.A in Sioux Falls. The latter is the firm’s primary operating subsidiary. Wells Fargo forms part of the so-called “Big Four Banks” of the U.S.
📊Wells Fargo is a diversified financial services company that operates through three segments: Community Banking, Wholesale Banking and Wealth and Investment Management. It offers retail, corporate and commercial banking services via banking locations, the Internet and other distribution channels to individuals and businesses throughout America, the District of Columbia and other countries.
📊 The bank has approximately 8 050 branches and about 13 000 ATMs. It serves more than 70 million customers globally in 35 countries. Today, Wells Fargo & Company employs approximately 259 000 people worldwide.
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OVERVIEW OF WELLS FARGO
- The bank provides services in three categories: personal, small business and commercial. Personal services comprise banking, loans, credit, insurance, investment and retirement, wealth management, rewards and benefits.
- Its small business category offers banking, loans and credit, merchant, payroll and other services. Other products and services in this category include business checking, business savings, business debit card, business online banking, mobile banking, direct pay and financial management software.
- The commercial category includes products and services such as commercial financing, commercial real estate, commercial insurance, corporate trust services, institutional investing, investment banking and international services.
- Wells Fargo & Company also provides other financial services through its subsidiaries, such as wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, trust services and investment advisory services, to name but a few.
- The bank has administrative offices at a number of locations, including Phoenix, Arizona; San Francisco and San Jose, California; Greenwood Village and Littleton, Colorado; Rochester, Minnesota; St. Louis, Missouri; Las Vegas, Nevada; Portland, Oregon, and Austin, Texas.
- The company also operates 12 museums located in a number of its corporate buildings, which display original items such as stagecoaches, photographs, gold nuggets, mining artifacts, the Pony Express, telegraph equipment and other bank artifacts.
VALUES OF WELLS FARGO
- All the company’s operations revolve around a simple premise: A service provider that knows its clients, offers them reliable guidance, and caters to their specific financial needs, will gain the trust and loyalty of its clientele.
- Wells Fargo is committed to the highest standards of transparency, integrity and disciplined performance, and is accountable in all its actions. It promotes leadership and innovation, and regards its workforce as its competitive advantage. The company therefore strives to attract, develop and motivate its employees.
It continuously aims for excellence and is passionate about exceeding customers’ expectations, building lasting relationships in the process.
- The company also promotes diversity and inclusion in all levels of its business, as success is only possible through inviting and incorporating diverse perspectives. It is dedicated to the delivery of long-term value for its shareholders by following a balanced business model, based on superior risk discipline and the efficient execution of all its operations.
MARKET PERFORMANCE OF WELLS FARGO
- Wells Fargo is one of the world’s most valuable bank brands, and even ranked #7 on the 2016 Forbes Magazine Global 2000 list of largest public companies in the world. The company trades on the New York Stock Exchange (NYSE) under the ticker symbol “WFC”.
- In 2018, the company recorded revenue of US$86.40 billion and net income of US$22.39 billion, with total assets valued at US$1.895 trillion.
- These sound financials afford shareholders, who buy and sell company stock, the confidence to do so in the expectation of lucrative dividends and returns on their investment.
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LATEST NEWS WELLS FARGO
Before buying any stock or share one has to consider a few factors.
STEP 1: PROPER RESEARCH IS ESSENTIAL
Upon deciding you want to buy WELLS FARGO Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.
Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.
STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN WELLS FARGO STOCKS / SHARES
It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a $5 stock, multiply 100 by $5 to get $500.
STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE
Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.
STEP 4: OPEN A BROKERAGE ACCOUNT
A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.
STEP 5: COMMIT AND PURCHASE WELLS FARGO STOCKS / SHARES
Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out. Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of WELLS FARGO stocks / shares.
5 Questions to ask yourself before purchasing any stocks or shares.
- Is it the best time to buy this stock / share?
- Should I buy WELLS FARGO stocks / shares in the current economic climate?
- Can I afford to buy this stock / share?
- What is the forecast of the stock / share growth?
- What is the current price per earning ration on the stock / share?
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