Wells Fargo (NYSE:WFC) Desktop Deposit Hits $1 Trillion

Categories: Stocks

Wells Fargo (NYSE:WFC) has hit the $1 trillion mark, proving its worth.

Wells Fargo (NYSE:WFC) Desktop Deposit Hits $1 Trillion

Desktop Deposit service, which lets business customers deposit checks from any business location at any time, helped Wells Fargo (NYSE:WFC) to get a valuable $1 trillion.

Katie Knight, who heads the Desktop Deposit service for Wells Fargo (NYSE:WFC) said “The Desktop Deposit service has grown phenomenally because it’s simple and affordable to set up – all you need is a scanner, a computer, and an Internet connection, The Desktop Deposit service improves our customer’s flow of cash and information while it cuts the time, cost, risk, and waste of transporting checks to the bank.”

Wells Fargo (NYSE:WFC) shares stood at 30.09 at the end of trading on 12/20/2010.

If you’re contemplating investing in Wells Fargo (NYSE:WFC) shares, be sure you make the trade at the right price. Timing the market or technical analysis might often a hard task, but do consider the price history:

Price History
Last Price: 30.09
52 Week Low / High: 23.02 / 34.25
50 Day Moving Average: 27.31
6 Month Price Change %: 6.7%
12 Month Price Change %: 14.9%

We’ll be keeping a close eye on the Wells Fargo (NYSE:WFC) stock level for developments over the next few weeks.

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