Wells Fargo (WFC) is one of the world's biggest banks, but has been dogged by regulatory issues. So is Wells Fargo stock a buy right now? Here is what fundamental and technical analysis says.
Wells Fargo is one of the Big Four U.S. banks, along with
fellow titans Bank Of America (BAC), Citigroup (C) and JPMorgan Chase (JPM).
Founded in 1852, its history dates back to the California
Gold Rush. Henry Wells, the first president of American Express (AXP), and
William G. Fargo, its vice president, decided to form their own company. They
made the move after American Express, at the time an express mail firm, balked
at the idea of westward expansion.
Today Wells Fargo is a titan of Wall Street and a stalwart
of Main Street.
These Businesses Keep Stagecoach Rolling
Community Banking is the most famous face of the firm, with
its nationwide branches. It offers a complete line of financial products to
consumers and small businesses. Services including checking and savings
accounts, credit and debit cards. It also makes home loans, auto loans, student
loans and small business loans.
Wholesale Banking provides financial solutions to businesses
across the U.S. and the world. It provides business banking services to
mid-market and large corporations. Such firms generally have annual sales of $5
million and above. It specializes in serving the international needs of U.S.
companies and the U.S. needs of multinational corporations.
Finally, Wealth and Investment Management provides wealth
management, investment and retirement products. Services include asset
management, investment services, portfolio analysis and monitoring.
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