Wells Fargo Co Stock Price, News & Analysis

Wells Fargo (NYSE: WFC) issued a statement addressing a New York Times article regarding its diverse slate guidelines. The company acknowledges that these guidelines aim to enhance diversity in hiring and reports significant progress since 2020. However, it has temporarily paused their implementation for review to ensure consistent application among hiring leaders and recruiters. As of December 2021, 45% of U.S. employees were non-white, with 13% being Black/African American. The company also highlighted improvements in diverse executive hiring, with 38% of external hires being racially/ethnically diverse in 2021.

Wells Fargo has awarded $850,000 to the American Indian Graduate Center to support Native students in higher education. This one-year contract continues their partnership, which has provided over $6.5 million in scholarships and support over the years. The collaboration has impacted over 18,000 students and alumni. Upcoming events include a 50th Gala in February 2023. The American Indian Graduate Center empowers students from over 500 tribes nationwide, offering educational funding and academic resources.

Wells Fargo (NYSE: WFC) announced the appointment of Amy Bonitatibus as Chief Communications and Brand Officer, effective Sept. 12, 2022. Bonitatibus, previously at Chase as Chief Communications Officer, brings extensive experience in media relations and brand management. She has also held senior roles at Fannie Mae and has a background in political communications. Her leadership at Chase led to record volumes in the Home Lending sector. This strategic hiring aims to strengthen Wells Fargo's public affairs.

The Sustainable Earth Educators Awards (SEEAs), a joint initiative by Arizona State University and Wells Fargo, has launched to recognize US educators advancing sustainable education. The program will distribute $20,000 in prize money, awarding individual amounts of up to $500. Nominations are open until July 20, 2022, for educators implementing sustainability in their curricula across various subjects. The initiative aims to highlight and inspire sustainable teaching practices.

Wells Fargo & Company (NYSE: WFC) announced that CFO Mike Santomassimo will present at the Morgan Stanley US Financials, Payments & CRE Conference on June 14, 2022 at 8:45 a.m. ET. The presentation will be accessible via live webcast, and a replay will be available for three months.

With approximately $1.9 trillion in assets, Wells Fargo serves one in three U.S. households and over 10% of small businesses. The company is recognized for its diverse financial products and community engagement.

Wells Fargo has extended its partnership with the Federación Mexicana de Fútbol (FMF), becoming the first sponsor of both the Men's and Women's Mexican National Teams in the U.S. This multi-year agreement aims to create unique experiences for fans across North America. The sponsorship includes field-level signage, in-stadium exposure, and a promotional launch of debit cards featuring the national team logo. The Men's team will kick off its U.S. Tour with matches against Nigeria, Uruguay, and Ecuador, supported by an extensive fan base of 60 million Mexican National Team followers in the U.S.

Wells Fargo & Company (NYSE: WFC) announced that CEO Charlie Scharf will present at the 38th Annual Bernstein Strategic Decisions Conference on June 1, 2022, at 8:00 a.m. ET. The live presentation can be accessed online, and a replay will be available for three months post-event. Wells Fargo is a major financial services firm with approximately $1.9 trillion in assets and serves one in three U.S. households, focusing on sustainable and inclusive financial solutions.

Wells Fargo has launched a nationwide initiative to support the construction, renovation, and repair of over 350 affordable homes in collaboration with Habitat for Humanity. The program, named Wells Fargo Builds, includes a funding commitment of $7.75 million to aid local Habitat affiliates across 200 communities in the U.S. The first event took place in Charlotte, N.C., where a $130,000 grant was awarded to build a new Habitat home. Since 2010, Wells Fargo has contributed more than $119 million to support affordable housing initiatives.

Wells Fargo & Company (NYSE: WFC) has appointed Paul Ricci as chief auditor, effective immediately. He previously served as interim chief auditor since February 2022. Ricci brings over 28 years of experience in financial services, focusing on risk management and regulatory compliance. He will lead the internal Audit organization, reporting to the Audit Committee and CEO Charlie Scharf. Ricci joined Wells Fargo in December 2019 and has held significant roles in audit transformation at Citibank and JPMorgan.