Stock Yards Bancorp, Inc. (SYBT)


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April 18, 2024


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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.

Sector

Finance

Industry

State Commercial Banks

Employees

742

Exchange

Nasdaq

$248M

Total Revenue

742

Employees

$1B

Market Capitalization

11.51

Price/Earning ratio

Fundamental Data and Insider Transactions (Quarterly data) Full Screen

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Latest $SYBT News

Stock Yards Bancorp Inc SYBT

3d ago, source: Morningstar

Morningstar Quantitative Ratings for Stocks are generated using an algorithm that compares companies that are not under analyst coverage to peer companies that do receive analyst-driven ratings ...

Institutional investors may adopt severe steps after Stock Yards Bancorp, Inc.'s (NASDAQ:SYBT) latest 5.2% drop adds to a year losses

8d ago, source:

Given the large stake in the stock by institutions, Stock Yards Bancorp's stock price might be vulnerable to their trading ...

Stock Yards Bancorp Inc's Dividend Analysis

1mon ago, source: Yahoo Finance

Stock Yards Bancorp Inc (NASDAQ:SYBT) recently announced a dividend of $0.3 per share, payable on 2024-04-01, with the ex-dividend date set for 2024-03-15. As investors look forward to this upcoming ...

Stock Yards Bancorp Inc.

1d ago, source: Wall Street Journal

1 Day SYBT 5.37% DJIA 0.56% S&P Mid Cap 400 0.39% Financial Services 0.04% ...

Stock Yards Bancorp

14d ago, source: Forbes

Stock Yards Bancorp, Inc. is a holding company, which engages in the provision of commercial and personal banking services. It operates through the following segments: Commercial Banking and ...

SYBT Stock Yards Bancorp, Inc.

1mon ago, source: Seeking Alpha

Stock Yards Bancorp, Inc. operates as a holding company for Stock Yards Bank & Trust Company that provides various financial services for individuals, corporations, and others in the United States.

Oversold Conditions For Stock Yards Bancorp (SYBT)

1mon ago, source: Nasdaq

In trading on Thursday, shares of Stock Yards Bancorp Inc (Symbol: SYBT) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $43.63 per share.

Stock Yards Bancorp, Inc.

4mon ago, source: CNN

Stock Yards Bancorp, Inc. is a holding company, which engages in the provision of commercial and personal banking services. It operates through the following segments: Commercial Banking and ...

Stock Yards Bancorp Inc

8d 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 ...

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