Previous Close | 53.73 |
Open | 53.73 |
Bid | 51.68 x 900 |
Ask | 51.74 x 2200 |
Day's Range | 50.22 - 54.34 |
52 Week Range | 38.39 - 62.55 |
Volume | |
Avg. Volume | 17,802,150 |
Market Cap | 175.532B |
Beta (5Y Monthly) | 1.16 |
PE Ratio (TTM) | 10.57 |
EPS (TTM) | N/A |
Earnings Date | N/A |
Forward Dividend & Yield | 1.60 (3.10%) |
Ex-Dividend Date | Aug 09, 2024 |
1y Target Est | N/A |
Wells Fargo (WFC) shares fell after the bank entered an agreement with the Office of the Comptroller of the Currency (OCC) to address what the agency calls "deficiencies relating to the bank’s financial crimes risk management practices and anti-money laundering internal controls." In the video above, Market Domination anchors Julie Hyman and Josh Lipton discuss the action. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich.
The OCC said it found shortcomings in in the internal mechanisms meant to help the bank combat financial crimes.
(Bloomberg) -- Shares of Wells Fargo & Co. fell after the bank reached a deal with the Office of the Comptroller of the Currency requiring the lender to beef up systems for detecting money laundering and complying with international sanctions.Most Read from BloombergHousing’s Worst Crisis in Decades Reverberates Through 2024 RaceHow Americans Voted Their Way Into a Housing CrisisFrom Louisville, a Push to Plant Trees for Public HealthFor Tenants, AI-Powered Screening Can Be a New Barrier to Hous