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Ticker Summary (WFC)
| 25.84+0.74 (+2.95%) | |
|---|---|
| Open | 25.75 |
| High | 26.13 |
| Low | 25.59 |
| Volume | 42,408,172 |
| 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%
Despite Wachovia's agreement with Citigroup, Wells Fargo has decided it now wants control of the bank. Wells Fargo has agreed to pay $15.1 billion for the bank much higher than Citigroup's agreement to purchase the bank for $2.1 billion. Under the Wells Fargo deal, each Wachovia shareholder will receive 0.1997 shares of Wells Fargo for every share they own. The move values Wachovia at roughly $7 a share.
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