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Ticker Summary (WFC)

23.08-1.06 (-4.39%)
Open	23.73
High	23.89
Low	23.06
Volume	52,546,104
Market Cap	98.4B
52 Week High	44.75
52 Week Low	7.80
P/E	30.37
F P/E	14.03
EPS	0.76
Dividend	1.07
Yield	4.43%
1 Year Target	27.92

WFC 23.08 -4.39%

Wells Fargo Increases its Dividend (www.smartmoney.com)

Despite all of the bad news in the financial markets, Wells Fargo actually increased their quarterly dividend to 34 cents a share from 31 cents a share. The bank reported a 23% decrease in second quarter earnings as it set aside $3 billion for loan losses. Its net income was 43 cents a share higher then analysts' forecasts.

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