Wells Fargo Multi-Sector Income Fund (ERC)


Stock Price Forecast

March 31, 2021


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About the Company

Wells Fargo & Company is an American multinational financial services company with a significant global presence. The company operates in 35 countries and serves over 70 million customers worldwide. It is a systemically important financial institution according to the Financial Stability Board, and is considered one of the "Big Four Banks" in the United States, alongside JPMorgan Chase, Bank of America, and Citigroup.The firm's primary subsidiary is Wells Fargo Bank, N.A., a national bank that designates its Sioux Falls, South Dakota, site as its main office (and therefore is treated by most U.S. federal courts as a citizen of South Dakota). It is the fourth-largest bank in the United States by total assets and is also one of the largest as ranked by bank deposits and market capitalization. It has 8,050 branches and 13,000 automated teller machines and 2,000 stand-alone mortgage branches. It is the second largest retail mortgage originator in the United States, originating one out of every four home loans and services $1.8 trillion in home mortgages, one of the largest servicing portfolios in the US. It is one of the most valuable bank brands. Wells Fargo is ranked 47th on the Fortune 500 list of the largest companies in the U.S.In addition to banking, the company provides equipment financing via subsidiaries including Wells Fargo Rail and provides investment management and stockbrokerage services. A key part of Wells Fargo's business strategy is cross-selling, the practice of encouraging existing customers to buy additional banking services. This led to the Wells Fargo cross-selling scandal. Wells Fargo has international offices in London, Dublin, Paris, Dubai, Singapore, Tokyo, Shanghai, Beijing, and Toronto, among others. Back-offices are in India and the Philippines with more than 20,000 staff.Wells Fargo operates under Charter No. 1, the first national bank charter issued in the United States. This charter was issued to First National Bank of Philadelphia on June 20, 1863, by the Office of the Comptroller of the Currency. Wells Fargo, in its present form, is a result of a merger between the original Wells Fargo & Company and Minneapolis-based Norwest Corporation in 1998. The merged company took the better-known Wells Fargo name and moved to Wells Fargo's hub in San Francisco. At the same time, Norwest's banking subsidiary merged with Wells Fargo's Sioux Falls-based banking subsidiary. Wells Fargo became a coast-to-coast bank with the 2008 acquisition of Charlotte-based Wachovia.

Exchange

NYSE MKT LLC

Website

https://www.wellsfargoassetmanagement.com/

$308M

Total Revenue

None

Employees

$4B

Market Capitalization

-37.96

Price/Earning ratio

Fundamental Data and Insider Transactions (Quarterly data) Full Screen

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Latest $ERC News

Allspring Multi Sector Income Fund (ERC)

24d ago, source: Investing

Dividend yield shows how much a company pays its shareholders in dividends annually per dollar invested. It reflects how much an investor will earn aside from any capital gains in the stock.

Wells Fargo & Co WFC

7d ago, source: Morningstar

We sell different types of products and services to both investment professionals and individual investors. These products and services are usually sold through license agreements or subscriptions ...

Wells Fargo Team With $425M AUM Goes Independent

17h ago, source: Financial Advisor

The team managed about $425 million at the end of last month and collectively has more than 100 years of experience, the press release said, adding that. Blue Ocean generates more than $3 million in ...

Wells Fargo’s stock has reached a fair price after runup, analyst says

on MSN ago, source:

Citi has downgraded Wells Fargo & Co. to neutral from buy after a quick gain in its stock price this year relative to its ...

Wells Fargo (NYSE: WFC)

2d ago, source: The Motley Fool

Wells Fargo & Co. is a diversified ... commercial real estate lending and servicing, equity and fixed income solutions, as well as sales, trading, and research capabilities.

Wells Fargo CD Rates: March 2024

2d ago, source: USA Today

You can fund your Wells Fargo CD in a few different ways: Transfer funds from another Wells Fargo account. Transfer funds from an external account (have your routing number and account number ready).

Wells Fargo: This Bull Run May Only Have Started

21d ago, source: Seeking Alpha

The bank delivered strong Q4 and FY 2023 results, with high net interest income and total revenue. Profit-wise, Wells Fargo's full year pre-tax income was $21.6 billion, surging 38% YoY.

The best Wells Fargo credit cards in March 2024

2d ago, source: CNN

Wells Fargo may not be the biggest credit card issuer in the US, but its appealing range of cards is worth considering. Whether you want to earn cash rewards for your spending, stock up on ...

Wells Fargo announces a new travel rewards card, the Autograph Journey — get 60,000 transferrable points and much more

1d ago, source: CNBC

Wells Fargo is making a splash in the credit card space with its brand-new travel rewards card and a revamped rewards program. The new Wells Fargo Autograph Journey℠ Visa® Card features an ...

Wells Fargo Bank Review

15d ago, source: USA Today

One of the largest national banks, Wells Fargo offers a robust roster of banking products and services, including thousands of physical branches throughout the U.S. Its checking and savings ...

Wells Fargo Autograph Card review: A travel card that earns high rewards for no annual fee

1d ago, source: CNBC

The Wells Fargo Autograph℠ Card has been a solid, low-maintenance travel credit card since its debut in 2022. It doesn't charge any annual or foreign transaction fees, and it earns rewards at a ...

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