Wells Fargo & Company (WFC)

Wells Fargo & Company (WFC)

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Wells Fargo & Co Profile

Wells Fargo & Company (WFC) is an American diversified, community-based financial services multinational corporation, headquartered in California, USA, has a market cap of $187.21B (USD) and $1.92T (USD) in assets. Wells Fargo & Co’s (WFC) share price started from $1.24 (USD) in 1981 to reach its highest value – share price $65.93 (USD) - back in January 2018 with mainly two considerably deep devaluations of its shares through the years. Wells Fargo’s first plunge occurred in February 2009 when it dropped from $39.80 (USD) to $10.91 (USD) in just 6 months. The company’s second share price depreciation occurred last October when the price fell from a historically high of $65.93 (USD) to $22.86 (USD) within the course of 20 months. Since its last devaluation of share price, Wells Fargo & Co (WFC) appears to be struggling to stabilize its share price at about $47 (USD).

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Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as acciones, commodities, y foreign exchange, y índices.

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