Welcome to our dedicated page for Wells Fargo Co news (Ticker: WFC), a resource for investors and traders seeking the latest updates and insights on Wells Fargo Co stock.
Wells Fargo & Company (NYSE: WFC) is a leading financial services institution providing banking, lending, and wealth management solutions worldwide. This page serves as a centralized resource for all official news, press releases, and regulatory filings related to the company.
Investors and financial professionals will find timely updates on earnings announcements, strategic initiatives, leadership changes, and product innovations. Our curated collection ensures easy access to critical developments across Wells Fargo's consumer banking, commercial finance, and investment management segments.
Key updates include quarterly financial results, mergers and acquisitions, regulatory compliance actions, and community impact initiatives. Bookmark this page to stay informed about WFC's market positioning, operational adjustments, and responses to evolving industry trends.
Wells Fargo (WFC) has announced a new $20 million philanthropic program called 'Open for Business Growth' aimed at supporting small businesses ready for expansion. The program will initially launch in Chicago before expanding nationwide. The first recipient, Allies for Community Business, receives a $2.5 million grant to pilot a revenue-based financing model and expand its construction loan program with HIRE360.
The initiative targets the 'missing middle' of small businesses - those beyond microloans but not yet eligible for traditional financing. This program builds on Wells Fargo's previous $420 million Open for Business Fund, which helped approximately 336,000 small businesses and supported 461,000 jobs during the pandemic. Through the Chicago pilot, Allies for Community Business expects to generate up to 260 local jobs as businesses execute larger contracts.
Wells Fargo (NYSE: WFC) has announced the complete redemption of its Series U Preferred Stock and related depositary shares, scheduled for June 16, 2025. The bank will redeem all 80,000 outstanding shares of its 5.875% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series U, along with 2,000,000 outstanding depositary shares. The redemption price is set at $25,000.00 per Preferred Share and $1,000.00 per Depositary Share.
Regular quarterly dividends will be paid separately on June 16, 2025, to holders of record as of May 30, 2025. Computershare Trust Company, N.A. will serve as the redemption agent, handling the payment distribution to shareholders on the redemption date.
Wells Fargo (WFC) and Operation HOPE have introduced HOPE Inside for Small Business, a free financial coaching program for small business customers. The program launches in Los Angeles (Baldwin Hills and Van Nuys) and Charlotte, expanding on the existing HOPE Inside program established in 2022.
The new centers will offer specialized resources including business plan development, access to capital education, and one-on-one coaching for entrepreneurs. This expansion is part of Wells Fargo's Banking Inclusion Initiative, aiming to reach 50 markets by 2026. Currently, there are 30 HOPE Inside centers serving over 100 branches, having helped more than 11,000 clients since 2022.
Services are available at no cost to all community members, regardless of Wells Fargo customer status. The program operates through redesigned Wells Fargo branches, featuring Operation HOPE financial coaches focused on fostering financial inclusion and economic empowerment.
Wells Fargo (NYSE: WFC) has announced its earnings release schedule for 2026. The financial results will be released at approximately 7:00 a.m. Eastern time on the following dates:
- First Quarter: Tuesday, April 14, 2026
- Second Quarter: Tuesday, July 14, 2026
- Third Quarter: Wednesday, October 14, 2026
- Fourth Quarter: Thursday, January 14, 2027
Live conference calls will be held at 10:00 a.m. Eastern time on each release date. Additional details and confirmation for these calls will be provided closer to the scheduled dates.
Wells Fargo has announced two significant shareholder value initiatives. The company's board of directors approved a quarterly common stock dividend of $0.40 per share, payable June 1, 2025, to stockholders of record on May 9, 2025.
In a major development, the board also authorized a new common stock repurchase program of up to $40 billion, which will begin after the completion of the current program. The execution will align with the company's internal capital framework, considering market conditions and regulatory requirements.
CEO Charlie Scharf highlighted the company's strong balance sheet and capital position, noting that Wells Fargo has:
- Returned significant capital to shareholders over the past five years
- Reduced average common shares outstanding by 22% since 2019
- Maintained investment in organic growth
- Improved earnings capacity across all business segments
Wells Fargo (NYSE: WFC) announced the termination of the Consumer Financial Protection Bureau's (CFPB) 2018 consent order related to the company's compliance risk management program. This marks the twelfth consent order closed by Wells Fargo's regulators since 2019 and the sixth since the beginning of the year.
CEO Charlie Scharf emphasized that this termination, along with recent closures of other consent orders, demonstrates significant progress in completing their common risk and control infrastructure work. He expressed confidence in the company's ability to close remaining open consent orders, highlighting Wells Fargo's transformation into a stronger company focused on creating long-term value for stakeholders.
Wells Fargo Technology Banking has expanded its team by 20% over the past year, marking its largest talent investment in the tech banking group's 25-year history. The expansion comes in response to continued growth in the U.S. tech sector, including increased IT spending and AI investments.
The division, serving technology companies across multiple sectors including Software, Fintech, E-commerce, and Semiconductor, operates in key U.S. tech hubs such as Austin, Boston, Chicago, and San Francisco. The team now comprises over 60 bankers under three market executives: Dzung Nguyen (East Coast), Matt Servatius (Central), and Jim Bryski (West Coast).
The Technology Banking division, part of Wells Fargo Commercial Banking's Specialized Industries group led by Mary Katherine DuBose, plans additional hires in 2025 and will soon release a Tech Sentiment study focusing on venture funding ecosystems in New York City and Boston.
Wells Fargo & Company (NYSE: WFC) has announced its first quarter 2025 financial results, which are now available on their investor relations website and through an SEC Form 8-K filing. The company, with approximately $1.9 trillion in assets, will host a live conference call on April 11, 2025, at 10:00 a.m. Eastern time to discuss the results.
Wells Fargo operates through four main segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. The company ranked No. 34 on Fortune's 2024 rankings of America's largest corporations.
Wells Fargo (NYSE: WFC) has scheduled its first quarter 2025 earnings announcement for Friday, April 11, 2025, at approximately 7:00 a.m. Eastern time. The earnings results will be accessible through multiple channels, including the company's Investor Relations website and the SEC website.
The company will host a live conference call at 10:00 a.m. Eastern time on the same day, available via phone (1-888-673-9782 for U.S./Canada, 312-470-7126 for International) with passcode 8320644#. A replay will be available from 1:00 p.m. Eastern time until April 25, accessible through dedicated phone lines and webcast.
Diebold Nixdorf (NYSE: DBD) has successfully installed two DN Series® ATMs at the U.S. National Science Foundation McMurdo Station in Antarctica, marking its presence across all seven continents. The ATMs, operated by Wells Fargo, replace previous units and serve a population that fluctuates between 200 to 1,100 individuals throughout the year.
These machines are the only ATMs on the entire continent, supporting daily transactions at the station's cafes, general store, and post office. One ATM remains active while the second serves as a backup for spare parts. The systems are connected to DN AllConnectSM Data Engine, utilizing IoT connectivity, machine learning, and AI for continuous monitoring and maintenance.
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