Wells Fargo - History

Ticker Symbol: WFC

Wells Fargo History

Shares of the California-based bank began to gather momentum in the 90’s, climbing towards $10/share by 1996. Wells Fargo stock gradually rose for the next 10 years, interrupted briefly by year-end selling pressure in 1999 and 2000. WFC shares touched all-time highs above $37/share by 2007 before systemic risk and the collapse of Lehman Brothers struck the banking sector.

Wells Fargo Last Month

On December 31, Wells closed at $29.48 and on January 30th, shares fell to $18.89, representing a 36% decline. WFC’s significant drop last month reflected both a continued pessimism towards the banking sector as well as a retread of optimism surrounding a potential “bad bank” rescue plan that Wall Street had anticipated from Treasury Secretary Timothy Geithner.

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