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WFC - Wells Fargo & Co. (NYSE)

WFC

Wells Fargo & Co. (NYSE)

Trading schedule (UTC) -

Open Now Closed Now

Closes on Opening on at

Sell

Buy

Open

High

Low

Day’s range

52wk range

Short swap -0.35

Sell

Long swap -0.35

Buy

Min spread

0.01

Avg spread

Current spread

Wells Fargo & Co. (NYSE)

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L Sergei

Today at Yesterday at Two days ago 22.03.2023

Wells Fargo stocks are trading 22% off their February highs. The bank has no liquidity issues associated with Silicon Valley Bank (SVB), but has some issues with deposit sourcing as it has to pay more for deposits amid rising interest rates. The deposit rate rose to 0.46%, or 32 basis points during Q4 2022. However, Net Interest Income (NII) rose to $13.4 billion in Q4 2022, and is expected to add another 10% during 2023. The bank has HTM assets at $294 billion and AFS assets at $103 billion. WFC has $127 billion in cash on its balance, giving it room to maneuver in case its clients begin to panic. However, such a scenario is highly unlikely as the bank is very popular among Americans that hold their savings in SVB and Signature Bank, another troubled institution. Wells Fargo forecasts EPS at $5.2 by 2024. So, its shares are seen to be attractive, considering its current prices.

Wells Fargo & Co. (NYSE)

Wells Fargo & Company, a diversified financial services company, provides banking, investment, mortgage, and consumer and commercial finance products and services in the United States and internationally. It operates through four segments: Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking; and Wealth and Investment Management. The Consumer Banking and Lending segment offers diversified financial products and services for consumers and small businesses. Its financial products and services include checking and savings accounts, and credit and debit cards, as well as home, auto, personal, and small business lending services. The Commercial Banking segment provides financial solutions to private, family owned, and certain public companies. Its products and services include banking and credit products across various industry sectors and municipalities, secured lending and lease products, and treasury management services. The Corporate and Investment Banking segment offers a suite of capital markets, banking, and financial products and services to corporate, commercial real estate, government, and institutional clients. Its products and services comprise corporate banking, investment banking, treasury management, commercial real estate lending and servicing, equity, and fixed income solutions, as well as sales, trading, and research capabilities services. The Wealth and Investment Management segment provides personalized wealth management, brokerage, financial planning, lending, private banking, and trust and fiduciary products and services to affluent, high-net worth, and ultra-high-net worth clients. It also operates through financial advisors. Wells Fargo & Company was founded in 1852 and is headquartered in San Francisco, California.

Details

Account Type

CFD Trading: MetaTrader 5

Investing: Web

CFD Trading: MetaTrader 4

Commission 0.1 %

Trading schedule (UTC)

Open Now Closed Now Closes on Opening on at

This shows the opening hours in your local time zone (UTC)

Ticker	WFC
Contract value	100 shares
Maximum leverage	1:5

Swaps history

Date	Short Swap (%)	Long Swap (%)
No data

Minimum transaction volume	0.01 lot
Maximum transaction volume	100 lots
Hedging margin	50%

Margin requirements

USD Exposure	Max Leverage Applied	Floating Margin

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