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Valued at a market cap of $231.9 billion, Wells Fargo & Company (WFC) is a financial services company that provides diversified banking, investment, mortgage, and consumer and commercial finance products and services. The San Francisco, California-based company serves individuals, small businesses, and large corporations.
This financial giant has outpaced the broader market over the past 52 weeks. Shares of WFC have soared 19.7% over this time frame, while the broader S&P 500 Index ($SPX) has gained 10.6%. Moreover, on a YTD basis, the stock is up 1.1%, compared to SPX’s 5.3% decline.