Well Fargo is a global financial services company with headquarters in San Francisco and Manhattan. WFC operates in 35 countries and has over 70 million customers around the world. Learn the latest information and analysis on the company, WFC stock price today, stock news, how much one share costs and other information to help you make investment decisions.
Wells Fargo provides banking, investment, mortgage, and commercial and consumer finance products. The Fed rose the interest rates by 0.25% and is promising to continue to do so over the course of the year. This will be beneficial for Wells Fargo and the banking industry at large as higher interest rates lead to higher interest payments on consumer loans and credit cards that will convert into higher earnings for the bank.
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The Wells Fargo stock price has outperformed its major bank competitors in the last year and at the beginning of 2022. The company beat EPS expectations 7 times out of the last 8 quarters.
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