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MarketScreener Homepage  >  Equities  >  Nyse  >  Wells Fargo & Company    WFC

WELLS FARGO & COMPANY

(WFC)
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Wells Fargo mpany : Introduces Virtual Business Card

11/19/2020 | 07:56am EST

By Matt Grossman

Wells Fargo & Co. on Thursday said it would introduce a virtual-card service to allow commercial customers to pay invoices without checks.

Wells Fargo customers would be able to use the system to authorize payments to suppliers using one-time card numbers tied to their accounts. The virtual card numbers are only valid for a predetermined dollar amount.

The system would make it easier for companies to track payments and would hasten suppliers' receipt of funds, Wells Fargo said. Digital payments have become more important during the pandemic as companies shift to remote work, the bank added.

Write to Matt Grossman at matt.grossman@wsj.com

(END) Dow Jones Newswires

11-19-20 0755ET

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Financials (USD)
Sales 2020 72 473 M - -
Net income 2020 1 731 M - -
Net Debt 2020 - - -
P/E ratio 2020 91,1x
Yield 2020 3,89%
Capitalization 132 B 132 B -
Capi. / Sales 2020 1,82x
Capi. / Sales 2021 1,90x
Nbr of Employees 268 531
Free-Float 75,3%
Chart WELLS FARGO & COMPANY
Duration : Period :
Wells Fargo & Company Technical Analysis Chart | WFC | US9497461015 | MarketScreener
Technical analysis trends WELLS FARGO & COMPANY
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 36,20 $
Last Close Price 31,90 $
Spread / Highest target 41,1%
Spread / Average Target 13,5%
Spread / Lowest Target -5,96%
EPS Revisions
Managers and Directors
NameTitle
Charles William Scharf President, Chief Executive Officer & Director
Charles H. Noski Chairman
Scott E. Powell Chief Operating Officer & Senior Executive VP
Michael Santomassimo Chief Financial Officer & Senior Executive VP
Saul van Beurden Senior Executive VP & Head-Technology
Sector and Competitors