Rochester,NY 7/10/2009 11:35:15 PM
Afternoon Stock Report - WFC - Why Should I Care: Real Estate & Price Discovery - Sourced WhisperFromWallStreet.com
Wells Fargo & Company
Afternoon Stock Report - WFC - Why Should I Care: Real Estate & Price Discovery - Sourced WhisperFromWallStreet.com
Wells Fargo & Company, WFC
Price discovery. It sounds simple enough, right? If you separate out its component parts, you have "price" -- the amount buyers are willing to pay and sellers are willing to accept -- and "discovery" -- the uncovering of that price.
But price discovery -- a term which is bandied about in all corners of the financial markets
-- has a meaning far deeper than this cursory analysis.
In a financial sense, it's defined as the point at which the free market -- the natural interplay between supply and demand -- converge on a single point where buyers and sellers can find mutual ground. There, you have price discovery.
In a practical sense, it happens every day; each time an economic transaction occurs. Coffee at Starbucks (SBUX) costs more than, say, coffee at any other establishment on the planet, because consumers have determined they're willing to pay a premium for it. Starbucks, for its part, has generously sprinkled its stores on street corners around the world, matching supply with this persistent demand. The price, even though most of us scoff at the mere thought of forking over more than $4 for some contrived, flavored coffee-like drink, is what the market will bear.
Last Trade: 23.03
Day's Range: 22.81 - 23.34
52wk Range: 7.80 - 44.75
Volume: 26,672,204
ABOUT - Wells Fargo & Company
Wells Fargo & Company, through its subsidiaries, provides retail, commercial, and corporate banking services principally in the United States. The company operates through three segments: Community Banking, Wholesale Banking, and Wells Fargo Financial. The Community Banking segment offers deposit products, including checking accounts, savings deposits, market rate accounts, individual retirement accounts, time deposits, and debit cards. Its loan products include lines of credit, equity lines and loans, equipment and transportation loans, education loans, residential mortgage loans, and credit cards. This segment also provides receivables and inventory financing, equipment leases, real estate financing, small business administration financing, venture capital financing, cash management, payroll services, retirement plans, and merchant payment processing services.
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