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2 pages/β‰ˆ550 words
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Style:
APA
Subject:
Business & Marketing
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Essay
Language:
English (U.S.)
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Topic:

Financial Highlights for Wells Fargo

Essay Instructions:

For this assignment, go to the Yahoo Stock Screener and use this page to find a publicly traded company that you find interesting and would like to study for this class. The company should not be a bank or a financial institution of any kind including insurance companies.

SLP Assignment Expectations

Write a two to three page paper discussing what you find interesting about this company, and whether or not you think this company will have a successful future. Get to the company's web site, into the "investors relations" section and provide some financial highlights of your company for the past year. Indicate which stock exchange the company is listed on and what was the past 12 month rate of return (% gain or loss) to investors who bought shares of this company a year ago and sold the shares yesterday. This rate of return is called the one-year Holding Period Return, or HPR. Also state what is the most recent price of the shares on the company?

In addition discuss briefly some information about the top management team including the CEO and CFO. If there are any issues involved with the company that relate to the issues discussed in the case assignment, mention them briefly as well.

Essay Sample Content Preview:

Wells Fargo
Student’s Name
Institution
Wells Fargo
Headquartered in San Francisco, Wells Fargo is one of the largest public companies not only in America but also on the globe. The company deals with financial services as well as international banking. The company is listed on NYSE, and its share has performed well in the past one year. The company’s revenue for the first quarter of 2017 stood at $22.0 billion with a net income of $5.5 billion (Wells Fargo, 2017). In addition, earning per share for the period was $1.0 (Wells Fargo, 2017). Other aspects that characterized the first quarter results are strong capital position and improved credit quality.
For a person who invested in the company a year ago and sold it yesterday, he would have achieved a remarkable gain. From the historical data by Yahoo Finance (2017), the company share price closed at $47.71 exactly one year ago. Yesterday, it closed at $55.60. As seen, there has been a significant increase in the company’s share price in the last one year. There has been a 16.54% increase in the share price of the company. As mentioned above, the latest share price is $55.60. The 16.54 % increase is thus the company’s one-year HPR.
In regards to the management of the company, Timothy J. Sloan is the CEO and also the president. Sloan took over the role in 2015. The CEO had previously served the company as chief operating officer (COO) before assuming the role. In the period he served as the COO, Sloan oversaw the operations in the four main business groups of the company. These groups include consumer lending, wholesale banking, community banking, and wealth and investment management. Interestingly, before becoming the COO, Sloan had served as the CFO of the company. Given that he spent just one year in his COO position, it is deducible that the role was meant to equip him with the necessary operational experience required for the c...
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