Wells Fargo & Company is a financial holding company and a bank holding company. Through its subsidiaries, Co. provides banking, investment and mortgage products and services, as well as consumer and commercial finance. Co. provides consumer financial products and services including checking and savings accounts, credit and debit cards, and auto, mortgage and home equity, and small business lending, as well as financial planning, private banking, investment management, and fiduciary services. Co. also provides financial solutions including commercial loans and lines of credit, letters of credit, asset-based lending, trade financing, treasury management, and investment banking services. We show 56 historical shares outstanding datapoints in our WFC shares outstanding history coverage, used to compute WFC market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing WFC market cap history over the course of time is important for investors
interested in comparing WFC's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of WFC versus a peer is one thing; comparing
WFC market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like WFC can fluctuate over the course of history.
With this page we aim to empower investors researching WFC by allowing them to research the WFC market cap history. |
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Video: The Importance of Market Cap
