GDP watch
  • Chesapeake Energy Corporation (NYSE:CHK)’s Core Assets Delivered Growth
  • Trinity Industries Inc. (NYSE:TRN) Successfully Completes $1.1 Billion Railcar Leasing Joint Venture Deal
  • Microsoft Corporation (NASDAQ:MSFT): A New Focus On Hardware
  • Amtech Systems Inc. (NASDAQ:ASYS)’s shares declines by 2.98%
  • Wells Fargo & Co. (NYSE:WFC)’s shares surged by 1.58%
In News
  • Chesapeake Energy Corporation (NYSE:CHK)’s Core Assets Delivered Growth
  • Trinity Industries Inc. (NYSE:TRN) Successfully Completes $1.1 Billion Railcar Leasing Joint Venture Deal
  • Microsoft Corporation (NASDAQ:MSFT): A New Focus On Hardware
  • Amtech Systems Inc. (NASDAQ:ASYS)’s shares declines by 2.98%
  • Wells Fargo & Co. (NYSE:WFC)’s shares surged by 1.58%
  • Spanish Broadcasting System Inc. (NASDAQ:SBSA)’s shares surged by 23.32%
  • Transocean Ltd. (NYSE:RIG) Faces Icahn Fight
  • Microsoft Corporation (NASDAQ:MSFT) Makes Its Choice On CFO

Investment

Wells Fargo & Co. (NYSE:WFC)’s shares surged by 1.58%

May 20, 2013 by Melissa Michaels in Investment with 0 Comments

Northern, WI 05/20/2013 (gdpwatch) – The share price of Wells Fargo & Co. (NYSE:WFC) had surged by 1.58 percent to close at $39.88 for the last trading session, which was $0.62 higher than the previous close. The stock, during the day managed to readjust its 52 week high price to $39.91 with the intraday high value. The trading volume of the shares at 24.40 million stocks was also higher than the average volume of 20.66 million shares in Wells Fargo & Co. (NYSE:WFC).

Focus on small businesses
The bank holding company, which is into diversified financial services, had recently added 25 new banks in the Triad West region of operation of the company. This new addition of banks is part of expansion plan of Wells Fargo & Co. (NYSE:WFC) into small businesses. In order to manage the works related to this small business initiative of the bank holding company, 1500 bankers including 118 Carolinas had been hired to Wells Fargo & Co. (NYSE:WFC).

The new bankers would now contribute to the providing of $4.2 billion in new loan commitments for the first quarter, which would have special focus on small businesses with annual revenue less than $20 million. Wells Fargo & Co. (NYSE:WFC) is confident that the steady economic development of the country completely depends on the healthy state and growth of small businesses operating within the country. This inclusion of new bankers with special focus on small businesses had been enabling Wells Fargo & Co. (NYSE:WFC) to witness nominal increases in its share price.

Tagged ,

About Melissa Michaels

Melissa Michaels joined the NBC Connecticut news team in October 2007. Monica began her career as a general assignment reporter for WCTV in Tallahassee, Florida. During her career, she's covered big stories like the Joseph Smith murder trial. The trial received national attention after a car wash surveillance tape of Smith abducting 12 year old Carlie Brucia became prosecutor's main piece of evidence against him. She contributed to news coverage that gave the station several AP awards, including best continuing coverage.

View all posts by Melissa Michaels →

Related Posts

Leave a reply

Your email address will not be published. Required fields are marked *

*

GDP Watch
Financial Group Media Company. 250 Second Avenue South, Suite 106, Minneapolis, MN 55401

Contact Us / E-Mail

Contact Us / Phone Us

  • Support Desk:612-259-6590
  • Licensing & Copyright:281-419-5725 ext.102
  • Toll Free:877-652-5295
  • Fax:281-419-5712