Question
Analyze and compare Bank of America and Wells Fargo Bank of America Corporation (BAC) and Wells Fargo & Company (WFC) are two large financial services
Analyze and compare Bank of America and Wells Fargo Bank of America Corporation (BAC) and Wells Fargo & Company (WFC) are two large financial services companies. The following data (in millions) were taken from a recent year's financial statements for both companies: Bank of Wells Fargo America Net income $21,938 Preferred dividends Average number of common shares outstanding $17,906 $1,662 10,284 $1,565 5,052.8 a. Compute the earnings per share for both companies. Round to the nearest cent. Bank of America 4 Wells Fargo 4 rAnalyze Pacific Gas and Electric Company Pacific Gas and Electric Company (PCG) is a large gas and electric utility operating in northern and central California. Three recent years of financial data for Pacific Gas and Electric are as follows (in millions): Year 3 Year 2 Year 1 Net income $1,407 $888 $1,450 14 Preferred dividends 14 14 Average number of common shares outstanding 499 484 468 a. Determine the earnings per share for Years 1-3. Round your answers to two decimal places. Year 3 Year 2 Year 1 EPS $
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