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Statement from Wells Fargo CEO Charlie Scharf

11/22/2021 | 02:02pm EST

Wells Fargo CEO Charlie Scharf today issued the following statement regarding President Biden’s announcement of his intent to renominate Jerome Powell as Chair of the Board of Governors of the Federal Reserve System (the Federal Reserve) and to nominate Dr. Lael Brainard to serve as Vice Chair of the Federal Reserve:

“Congratulations to Chairman Powell and Dr. Brainard on their nominations as Chair and Vice Chair of the Federal Reserve, respectively. Chairman Powell and Dr. Brainard have provided strong leadership, and the policy continuity that comes from having them in these positions is good for the industry and the country.”

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets, proudly serves one in three U.S. households and more than 10% of small businesses in the U.S., and is the leading middle market banking provider in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 37 on Fortune’s 2021 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Additional information may be found at www.wellsfargo.com | Twitter: @WellsFargo.

News Release Category: WF-CF

ę Business Wire 2021
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Analyst Recommendations on WELLS FARGO & COMPANY
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Financials (USD)
Sales 2021 75 880 M - -
Net income 2021 19 587 M - -
Net Debt 2021 - - -
P/E ratio 2021 12,3x
Yield 2021 1,03%
Capitalization 226 B 226 B -
Capi. / Sales 2021 2,97x
Capi. / Sales 2022 3,07x
Nbr of Employees 253 871
Free-Float -
Duration : Period :
Wells Fargo & Company Technical Analysis Chart | WFC | US9497461015 | MarketScreener
Technical analysis trends WELLS FARGO & COMPANY
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 27
Last Close Price 58,06 $
Average target price 58,13 $
Spread / Average Target 0,12%
EPS Revisions
Managers and Directors
Charles William Scharf President, Chief Executive Officer & Director
Michael Santomassimo Chief Financial Officer & Senior Executive VP
Steven D. Black Chairman
Saul van Beurden Senior Executive VP & Head-Technology
Gary Owen Chief Information Security Officer