What Will Progress Look Like on Wells Fargo's Efficiency Initiatives? [The Motley Fool]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
Check Earnings Report
US:NYSE Investor Relations:
wellsfargo.com/about/investor-relations
Company Research
Source: The Motley Fool
On the bank's most recent earnings call,Wells Fargo(NYSE:WFCEfficiency initiativesThe efficiency ratio is a closely watched metric by bank investors that is a measure of a bank's expenses expressed as a percentage of total revenue, so the lower the ratio, the better. For instance, a 0% efficiency ratio means a bank spent $0.0 to generate every $ of revenue. Since Wells Fargo'sphony accounts scandalImage source: Wells Fargo.On the other end of the efficiency ratio, revenue has suffered as well. In 00, revenue really took a hit, as Wells Fargo faced higher credit costs due to the coronavirus pandemic. The low-rate environment also reduced interest income on loans. To top it all off, Wells Fargo is still operating under a $.9 trillion asset cap that prevents it from significantly expanding the balance sheet to offset the lower profit margins on loans. All of these factors led to an 80% efficiency ratio at theJPMorgan ChaseBank of AmericaCitigroupScharf has said in the past that getting i
Show less
Read more
Impact Snapshot
Event Time:
WFC
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
WFC alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
WFC alerts
High impacting Wells Fargo & Company news events
Weekly update
A roundup of the hottest topics
WFC
News
- Wells Fargo (WFC) is a Great Momentum Stock: Should You Buy? [Yahoo! Finance]Yahoo! Finance
- 1863 Ventures and Wells Fargo Present the Founder to CEO Summit [Yahoo! Finance]Yahoo! Finance
- Markets Close in the Green; Mag 7 Earnings This Week [Yahoo! Finance]Yahoo! Finance
- Citigroup Selling Maple Bonds in First Sizable Deal Since 2015 [BNN Bloomberg (Canada)]BNN Bloomberg
- Wells Fargo Senior EVP Ather Williams On Digital And AI In Banking [Forbes]Forbes
WFC
Earnings
- 4/12/24 - Beat
WFC
Sec Filings
- 4/23/24 - Form 8-K
- 4/23/24 - Form PX14A6G
- 4/23/24 - Form 424B2
- WFC's page on the SEC website