Wells Fargo Stock To Go Ex-dividend Tomorrow (WFC)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for Wells Fargo (NYSE: WFC) is tomorrow, November 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 22 cents per share. At a price of $34.07 as of 9:30 a.m. ET, the dividend yield is 2.6%.

The average volume for Wells Fargo has been 24.1 million shares per day over the past 30 days. Wells Fargo has a market cap of $178.22 billion and is part of the financial sector and banking industry. Shares are up 22.4% year to date as of the close of trading on Monday.

Wells Fargo & Company, through its subsidiaries, provides retail, commercial, and corporate banking services primarily in the United States. The company operates in three segments: Community Banking; Wholesale Banking; and Wealth, Brokerage, and Retirement. The company has a P/E ratio of 10.6, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Wells Fargo as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full Wells Fargo Ratings Report.

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