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Video: What is a Stock Split?
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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. According to our WFC split history records, Wells Fargo and has had 6 splits. | |
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Wells Fargo and (WFC) has 6 splits in our WFC split history database. The first split for WFC took place on July 01, 1988. This was a 3 for 2
split, meaning for each 2
shares of WFC owned pre-split, the shareholder now owned 3 shares. For example, a 1000 share position pre-split, became a 1500 share position following the split. WFC's second split took place on July 24, 1989. This was a 2 for 1
split, meaning for each share of WFC owned pre-split, the shareholder now owned 2 shares. For example, a 1500 share position pre-split, became a 3000 share position following the split. WFC's third split took place on June 29, 1993. This was a 2 for 1
split, meaning for each share of WFC owned pre-split, the shareholder now owned 2 shares. For example, a 3000 share position pre-split, became a 6000 share position following the split. WFC's 4th split took place on October 14, 1997. This was a 2 for 1
split, meaning for each share of WFC owned pre-split, the shareholder now owned 2 shares. For example, a 6000 share position pre-split, became a 12000 share position following the split. WFC's 5th split took place on August 14, 2006. This was a 2 for 1 split, meaning for each share of WFC owned pre-split, the shareholder now owned 2 shares. For example, a 12000 share position pre-split, became a 24000 share position following the split. WFC's 6th split took place on June 20, 1977. This was a 2 for 1 split, meaning for each share of WFC owned pre-split, the shareholder now owned 2 shares. For example, a 24000 share position pre-split, became a 48000 share position following the split.
When a company such as Wells Fargo and splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the WFC split history from start to finish, an original position size of 1000 shares would have turned into 48000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into Wells Fargo and shares, starting with a $10,000 purchase of WFC, presented on a split-history-adjusted basis factoring in the complete WFC split history.
Growth of $10,000.00
With Dividends Reinvested
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Start date: |
11/07/2014 |
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End date: |
11/05/2024 |
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Start price/share: |
$53.84 |
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End price/share: |
$64.07 |
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Starting shares: |
185.74 |
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Ending shares: |
246.19 |
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Dividends reinvested/share: |
$13.41 |
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Total return: |
57.73% |
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Average Annual Total Return: |
4.66% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$15,771.08 |
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Years: |
10.00 |
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Growth of $10,000.00
Without Dividends Reinvested
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Start date: |
11/07/2014 |
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End date: |
11/05/2024 |
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Start price/share: |
$53.84 |
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End price/share: |
$64.07 |
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Dividends collected/share: |
$13.41 |
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Total return: |
43.91% |
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Average Annual Total Return: |
3.71% |
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Starting investment: |
$10,000.00 |
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Ending investment: |
$14,396.26 |
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Years: |
10.00 |
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Date |
Ratio |
07/01/1988 | 3 for 2
| 07/24/1989 | 2 for 1
| 06/29/1993 | 2 for 1
| 10/14/1997 | 2 for 1
| 08/14/2006 | 2 for 1 | 06/20/1977 | 2 for 1 |
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