Wells Fargo Co - WFC STOCK NEWS

GTCR LLC and Reverence Capital Partners have announced the appointment of Chris Baker as Chief Compliance Officer for the newly independent Allspring Global Investments, following their acquisition of Wells Fargo Asset Management (WFAM). The transition is set to be completed soon, with Baker joining the firm in January 2022. With over 22 years of compliance experience, Baker will work alongside Kate McKinley, Allspring’s Chief Legal Officer, to ensure robust compliance across the organization. WFAM has $587 billion in assets under management as of September 30, 2021.

Wells Fargo (NYSE: WFC) announced a quarterly dividend of $0.20 per share, payable on Dec. 1, 2021, to stockholders of record on Nov. 5, 2021. This decision was approved by the board of directors. With around $1.9 trillion in assets, Wells Fargo serves one in three U.S. households and over 10% of small businesses in the country. The bank is recognized as a leader in middle market banking and offers a diversified range of financial services.

Wells Fargo (NYSE: WFC) has announced a significant overhaul of its mobile banking experience set to launch in early 2022. Key features include a revamped mobile app and the introduction of a virtual assistant named Fargo that will enhance customer interactions. This initiative is part of Wells Fargo's multiyear strategy to prioritize digital banking and improve user experience through advanced technology and partnerships with leading tech firms. The first phase will cater to consumer, small business, and wealth management clients, aiming to streamline banking tasks and provide personalized financial insights.

Wells Fargo (NYSE: WFC) appoints Kristin Lesher as the new head of Middle Market Banking, effective immediately. With over 21 years at the company, Kristin previously led the East region, managing operations across 19 states. CEO Kyle Hranicky emphasized Lesher's extensive industry experience and strong client relationships as crucial for driving growth. Wells Fargo provides financial solutions to middle market companies with annual sales between $5 million and $2 billion.

Wells Fargo & Company (NYSE: WFC) announced its financial results for Q3 2021 on Oct. 14. The results can be found online at Wells Fargo Investor Relations. The company has approximately $1.9 trillion in assets and serves one in three U.S. households. A conference call will be held on Oct. 14 at 11:30 a.m. ET. The replay will be accessible until Oct. 28 at the same link.

Wells Fargo & Company (NYSE: WFC) is set to announce its third quarter 2021 earnings results on October 14, 2021, around 7 a.m. Eastern time. The earnings will be accessible via the company's Investor Relations website and the SEC. A live conference call will occur the same day at 11:30 a.m. Eastern time, with a replay available from 3 p.m. Eastern time. Wells Fargo is a leading financial services provider with approximately $1.9 trillion in assets.

The Wells Fargo Utilities and High Income Fund (NYSE: ERH) has issued a notification regarding the sources of its recent monthly distributions. Notably, the fund has distributed more than its income and net realized capital gains, indicating that some distributions may represent a return of capital. The estimates for distribution sources, which include net investment income and capital gains, are provided to shareholders, though these figures are subject to change based on tax regulations. Investors are cautioned not to interpret distribution amounts as a reflection of investment performance.