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Wells Fargo & Co WFC

Alternate Symbol(s):  WFC.PR.L | WFC.PR.Y | WFC.PR.D

Financial Services
Wells Fargo & Company is a financial services company. It provides a diversified set of banking, investment and mortgage products and services, and consumer and commercial finance, through banking locations and offices, the Internet (www.wellsfargo.com) and other distribution channels to individuals, businesses and institutions in all 50 states, the District of Columbia and in countries outside the United States. Its segments include Consumer Banking and Lending; Commercial Banking; Corporate and Investment Banking, and Wealth and Investment Management. The Wealth and Investment Management segment provides personalized wealth management, brokerage, financial planning, lending, private banking, trust and fiduciary products and services to affluent, high-net worth and ultra-high-net worth clients. Commercial Banking products and services include banking and credit products across multiple industry sectors and municipalities, secured lending and lease products, and treasury management.


NYSE:WFC - Post by User

Wells Fargo & Co
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Comment by tinyjon Jan 19, 2009 7:37pm
414 Views
Post# 15714578

RE: Just started to follow

RE: Just started to followExactly what I was expecting.  Do you think a 48% drop in WFC over the last month or so is justified, or are we oversold here?  CITI recently announced a downgrade of WFC to around $23 a share, which we are way past.  Do you think that was a last shot fired by CITI at Wells Fargo for losing the Wachovia deal or is Wells in serious trouble?  Sorry to hear about your ING and Barclays holdings.  Wells Fargo cutting their dividend in the future is definitely a concern, but I think it'll be solid for this latest quarter.
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