Wells Fargo & Company headquartered in San Francisco, California, United States is reporting their earnings on 01/14/2020 after the bell. Street forecast for the quarter ending Nov 2019 is $1.12.
According to stock market daily analyst this is Lower then same time previous year.Wells Fargo & Company ,reported EPS for the same quarter last year was $1.21.
About Wells Fargo & Company NYSE:WFC
CEO: Charles W. Scharf (21 Oct 2019–)
Wells Fargo & Company, incorporated on January 24, 1929, is a bank holding company. The Company is a diversified financial services company. The Company has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company provides retail, commercial and corporate banking services through banking locations and offices, the Internet and other distribution channels to individuals, businesses and institutions in all 50 states, the District of Columbia and in other countries. The Company provides other financial services through its subsidiaries engaged in various businesses, principally: wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, insurance agency and brokerage services, computer and data processing services, trust services, investment advisory services, mortgage-backed securities servicing and venture capital investment. The Company has its administrative facilities at various locations, including Phoenix, Arizona; San Francisco, California; San Jose, California; Greenwood Village, Colorado; Littleton, Colorado; Rochester, Minnesota; St. Louis, Missouri; Las Vegas, Nevada; Portland, Oregon, and Austin, Texas. The Company offers approximately 13,000 automated teller machines (ATMs) and over 6,000 retail banking stores coast to coast.
The Company offers its services under three categories: personal, small business and commercial. Under personal category, the Company offers banking, loans and credit, insurance, investing and retirement, wealth management, and rewards and benefits. The Banking section includes various accounts and services, such as checking accounts, savings accounts and certificates of deposit (CDs), debit and prepaid cards, credit cards, foreign exchange, global remittance services, online banking, online bill pay, transfers, online statements, mobile banking, and identity theft protection. The loans and credit section offers various accounts and services, such as mortgage loans, home equity lines, personal lines and loans, student loans, auto loans and credit cards. The insurance section offers products and services, such as auto insurance, specialty vehicle insurance, life insurance, homeowners insurance, renters insurance and umbrella liability insurance. Its investing solutions include Individual Retirement Accounts (IRAs), investment services, rollovers (401k and IRA) and investing for education. Its wealth solutions include wealth planning, private banking, investment management, specialized wealth services and trust services. With the Company’s rewards-based credit card, the user can earn Go Far Rewards on virtually all net purchases, from filling the tank with gas, to stocking up on groceries or dining at a favorite restaurant.
The Company under small business category offers banking, loans and credit, merchant services, insurance, and payroll and other services. The banking section offers products and services, such as business checking, business savings and CDs, business debit card, business online banking, business bill pay, mobile banking, direct pay, and financial management software. The loans and credit section offers products and services, such as business credit cards, business lines of credit, business loans, business real estate financing, healthcare practice financing, small business administration (SBA) loans and business credit finder. Its merchant services include products and services, such as merchant services payment processing, credit card processing options, accepting mobile payments, Clover point-of-sale system (POS) Systems, and Europay, MasterCard and Visa (EMV) chip card technology. Clover POS systems support payment technologies, such as Apple Pay, Android PayTM and EMV chip cards. The Company under commercial category includes various products and services, such as commercial financing, commercial insurance, commercial real estate, corporate trust services, institutional investing, international services and investment banking.