Wells Fargo & Co
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WFC-W Wells Fargo & Co
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Financials : Banks | Large Cap ValueCompany profile

Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. It has three operating segments: Community Banking, Wholesale Banking, and Wealth and Investment Management. The Company offers its services under three categories: personal, small business and commercial. It provides retail, commercial and corporate banking services through banking locations and offices, the Internet and other distribution channels to individuals, businesses and institutions in all 50 states, the District of Columbia and in other countries. It provides other financial services through its subsidiaries engaged in various businesses, including wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, computer and data processing services, investment advisory services, mortgage-backed securities servicing and venture capital investment.

Day's Change
0.04 (0.16%)
B/A Size
Day's High
Day's Low

Today's volume of 2,087 shares is on pace to be much lighter than WFC-W's 10-day average volume of 75,691 shares.


UPDATE: AMD stock drops 6% after hours, following Nvidia GPU inventory issues

8:01 pm ET November 15, 2018 (MarketWatch)

Advanced Micro Devices Inc. (AMD) stock fell 6.5% in the extended session Thursday after Nvidia Corp. (NVDA)released earnings that included graphics processing unit inventory issues (http://www.marketwatch.com/story/nvidia-has-a-pascal-problem-and-its-stock-is-plunging-after-earnings-2018-11-15). On its conference call late Thursday, Nvidia said that its GPU inventories were building up, creating a backlog of unsold cards and chips. The inventory issue was also affecting competitors, Nvidia said. "I think the channel has more than 12 weeks of inventory between us and the other brand," Nvidia Chief Executive Jensen Huang said in the conference call Thursday. "The amount of inventory is not just us it's also the other brands. And our ability to see the other brand's inventory is just much harder. We try our best to estimate it but obviously we didn't estimate it well enough. And so the answer to your question is yes I think there's about, from our perspective, about 12 weeks of our inventory to sell-through at this point." An AMD spokesman said in an email Thursday that the company had already disclosed crypto weakness in its most recent earnings report (http://www.marketwatch.com/story/amds-stock-craters-more-than-20-after-hours-on-weak-graphics-sales-2018-10-24), and that Nvidia was just "reaffirming what we have already called out." Nvidia stock has fallen 17% in the extended session and closed up 2.6% to $202.39 in regular trading. The S&P 500 index closed up 1.1% Thursday.

-Max A. Cherney; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

November 15, 2018 20:01 ET (01:01 GMT)

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