Intraday Movers: Wells Fargo & Company (NYSE: WFC) Introduces Small Businesses to Alternative Options for Financing and Technical Assistance

On Wednesday, Shares of Wells Fargo & Company (NYSE: WFC) gained 1.71% to $48.65. The stock opened its trade at $48.48 and after floating in a price range of $48.35 to $49.37, the stock grabbed the investor’s attention and traded 25,210,825 shares as compared to its average daily volume of 31.65M shares. The stock’s institutional ownership stands at 75.20%. Wells Fargo announces the Small Business Resource Navigator, an online portal helping connect small business owners to potential financing options and technical assistance through Community Development Financial Institutions (CDFIs) across the country.

The portal was launched in collaboration with the non-profit Community Reinvestment Fund, USA, and was made possible by the Wells Fargo Open for Business Fund. By visiting www.bizresourcenavigator.com and completing a short questionnaire, small businesses may be connected to CDFIs or business advisory resources WFC-PD

Wells Fargo declared the Small Business Resource Navigator, an online portal helping connect small business owners to potential financing options and technical assistance through Community Development Financial Institutions (CDFIs) across the country.

The portal was launched in collaboration with the non-profit Community Reinvestment Fund, USA, and was made possible by the Wells Fargo Open for Business Fund. By visiting www.bizresourcenavigator.com and completing a short questionnaire, small businesses may be connected to CDFIs or business advisory resources in their area, according to a press release.

“As the uncertainties of the COVID-19 pandemic persist, small businesses continue to need our help,” said Derek Ellington, head of Small Business at Wells Fargo.

“We see a lot of value in supporting a resource like this to help small businesses connect to as many options as possible. The Small Business Resource Navigator connects small business owners to potential capital assistance provided by a CDFI who could help meet their needs, and serves as a major time saver for busy entrepreneurs allowing them to stay focused on their business.”

Since 2015, Wells Fargo has provided more than $500 million in philanthropic grants and investments to CDFIs that help underserved small businesses. in their area, according to a press release.

WFC has a market value of $193.69B while its EPS was booked as $4.96 in the last 12 months. The stock has 3.93B shares outstanding. In the profitability analysis, the company has gross profit margin of 0 while net profit margin was 44.20%. Beta value of the company was 1.14; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.20.

About Brad Watson

This is Brad Watson and I like to introduce myself as an adviser, in the Financial Stocks Sector. I worked independently as a self motivator and with the financial institute as financial adviser to invest in the financial sector for over 7 years in the developing countries by introducing new phases and ways to improve in the Financial sector. I analyze trading strategy, individual stocks, asset classes, market sectors, and risk to reward parameters in order to provide valuable insight to the alphafinstocks.com community. I like to travel all over the globe to get new experience and provide by best services to the companies. As an adviser I like to work with new people to share and explore new ideas keeping in view minimizing the operating cost and giving the best final product through new Financial and minimizing the time of development.

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