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Ticker Summary (WFC)

27.73+0.04 (+0.14%)
Open 27.27
High 27.99
Low 27.25
Volume 27,504,980
Market Cap 145.1B
52 Week High 34.25
52 Week Low 24.44
P/E 16.81
F P/E 9.61
EPS 1.65
Dividend 0.20
Yield 0.72%
1 Year Target 36.67

WFC 27.73 +0.14%

John Stumpf, CEO of Wells Fargo, Says that the U.S. Housing Market is in Worst Shape Since The Great Depression (news.moneycentral.msn.com)

Thursday CEO John Stumpf said that the housing market is in the worst shape since the great depression in 1930. Stumpf echoed these notes while attending a Merrill Lynch & Co. investment conference. He expects the housing market to get even worse and that there are worse times ahead for home owners and their bankers. Wells Fargo is expecting additional losses into 2008.

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3 years 271 days ago by Tim

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