Dallas, Texas 08/09/2013 (Financialstrend) – Wells Fargo & Co. (NYSE:WFC) and American Express Company (NYSE:AXP) announced that they will be combining together to make easy Wells Fargo’s effort to promote a range of credit cards to its customers. Wells Fargo & Co the fourth-biggest Unites States bank will form Amex Cards accessible in the market place countrywide by the middle of 2014. on the other hand, financial provisions of the contract were not revealed. The company also declared its securities which gives diversify will be accessible at Wall Street Webcast. the video of Rich Gordon giving Fixed Income Market plans of Wells Fargo & Co’s Securities (NYSE:WFC) which is measured to be of greater significance and unpredictability fall down as shareholder Await Key Economic Data , he will also talk about the first analysis of second quarter Gross Domestic Product, the employment details and the FOMC gathering.
In the employment details it is declared that Wells Fargo’s Economics Group estimates that the unemployment rate will drop to 7.5% as the business strategy to adjoin 190,000 new jobs for July. It is also stated that July being a difficult month for payroll actions due to part-time employment and seasonal changes in the July month.
Wells Fargo & Co. (NYSE:WFC) had closed at $43.22 on Thursday, a decline of 0.12% in the share prices for the day. The stock had witnessed intraday prices moving from low value of $42.99 to high value of $43.57 per share. The company presently has 52 week low at $31.25 and 52 week high at $44.78 per share. Wells Fargo & Co. (NYSE:WFC) presently has 5.31 billion outstanding shares in the market with an institutional ownership of 77 percent of the total capital. The stock had witnessed the exchange of 18.70 million shares on Thursday, while on an average trading volume is at 19 million shares per day and the market capitalization is at 229 billion.