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Ticker Summary (WFC)

25.84+0.74 (+2.95%)
Open 25.75
High 26.13
Low 25.59
Volume 39,250,492
Market Cap 135.2B
52 Week High 34.25
52 Week Low 23.02
P/E 15.66
F P/E 8.72
EPS 1.65
Dividend 0.20
Yield 0.80%
1 Year Target 36.08

WFC 25.84 +2.95%

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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2 years 270 days ago by Tim

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