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Wells Fargo & Co. - WFC STOCK NEWS

Welcome to our dedicated news page for Wells Fargo & Co. (Ticker: WFC), a resource for investors and traders seeking the latest updates and insights on Wells Fargo & Co..

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Wells Fargo & Co.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Wells Fargo & Co.'s position in the market.

News
Wells Fargo Investment Institute Believes 2024 is a Pivotal Year for the Economy and Markets
Rhea-AI Summary
Wells Fargo Investment Institute (WFII) released its '2024 Outlook' report, predicting a challenging first half of the year due to a global economic slowdown, followed by an improving, more opportunistic environment in the second half. WFII advises using accumulated fixed-income assets to invest later in the year and anticipates opportunities in a broad early-cycle global recovery later in 2024. The report forecasts a moderate U.S. economic slowdown, with a 0.7% GDP target for 2024 and a 2.5% inflation target. WFII also expects the S&P 500 Index to gain into year-end, with a target range of 4,600 – 4,800, and predicts two quarter-point Fed rate cuts in 2024, causing the federal funds rate forecast to decline toward 4.75% – 5.00%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.02%
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News
Wells Fargo to Present at the Goldman Sachs Financial Services Conference
Rhea-AI Summary
Wells Fargo & Company (WFC) CEO to Present at Goldman Sachs Financial Services Conference
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.81%
Tags
conferences
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News
RUSSELL INNOVATION CENTER FOR ENTREPRENEURS RECEIVES $1.5M PHILANTHROPIC INVESTMENT FROM WELLS FARGO
Rhea-AI Summary
Wells Fargo & Company (NYSE: WFC) has announced a $1.5 million philanthropic investment in the Russell Innovation Center for Entrepreneurs (RICE) to support small businesses in Atlanta and beyond. The investment aims to develop small businesses, facilitate access to capital, curate dedicated learning spaces, and expand RICE's reach and impact. Wells Fargo's investment will fund programming, access to capital, placemaking, and the development of a digital learning platform. The investment is consistent with Wells Fargo's commitment to advance economic equity and create opportunities for small business growth.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.44%
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Wells Fargo & Company Declares Cash Dividends on Preferred Stock
Rhea-AI Summary
Wells Fargo & Company (NYSE: WFC) Announces Dividends on Seven Series of Preferred Stock. Wells Fargo declared quarterly cash dividends for seven series of preferred stock, including noncumulative perpetual convertible class A preferred stock, Series L, fixed-to-floating noncumulative perpetual class A preferred stock, Series R, and noncumulative perpetual class A preferred stock, Series Y, Z, AA, CC, and DD.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.01%
Tags
dividends
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News
CFE Fund and the Wells Fargo Foundation Expand Bank On Fellowship to Connect Unbanked Households to Safe Banking, Build Financial Stability
Rhea-AI Summary
Wells Fargo: Six Full-Time Bank On Fellows Selected to Lead Coalitions to Increase Banking Access with $1 Million Funding from Wells Fargo Foundation. The goal is to expand banking access for unbanked residents in Arizona, California, Ohio, Kentucky, Louisiana, and New Mexico. The Bank On National Account Standards aim to ensure everyone has access to safe and affordable financial products and services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.81%
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none
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News
Wells Fargo and Enterprise Announce Winners of $20 Million Housing Innovation Challenge
Rhea-AI Summary
Wells Fargo Foundation and Enterprise Community Partners Announce Winners of 2023 Housing Affordability Breakthrough Challenge, Awarding $20 Million to Six Organizations. The winners will receive grants and support to scale innovative housing solutions across the U.S., including workforce training, financing housing in rural communities, and reducing carbon footprint in multifamily buildings.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.21%
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none
News
Wells Fargo and Allspring Collaborate on New Money Market Fund Share Class to Benefit Native American Communities
Rhea-AI Summary
Wells Fargo is partnering with Allspring Global Investments to launch a Tribal Inclusion share class for the Allspring Government Money Market Fund, exclusively for Wells Fargo corporate clients. This is the first money market product with a charitable donation feature focused on benefiting tribal communities in the United States.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.67%
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News
Vice Chairman Thomas R. Nides to Leave Wells Fargo and William M. Daley to Return to Prior Role
Rhea-AI Summary
Wells Fargo's Vice Chairman, Thomas R. Nides, is leaving the company to focus on events in the Middle East. William M. Daley will return to his prior role. Wells Fargo will search for Daley's replacement. Nides plans to work with organizations in the Middle East to provide assistance. CEO Charlie Scharf supports Nides' decision.
Rhea-AI Impact
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End-of-Day
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Wells Fargo to Present at the BancAnalysts Association of Boston Conference
Rhea-AI Summary
Wells Fargo CEO of Consumer Lending to present at BancAnalysts Association of Boston Conference on Nov. 2, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.59%
Tags
conferences
News
Wells Fargo & Company Announces Common Stock Dividend
Rhea-AI Summary
Wells Fargo announces quarterly dividend of $0.35 per share payable on Dec. 1, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.51%
Tags
dividends
Stock WFC logo
Wells Fargo & Co.

NYSE:WFC

WFC Rankings

#42 Ranked by Market Cap
#3069 Ranked by Stock Gains
#1307 Ranked by Dividends

WFC Stock Data

197.74B
3.49B
0.08%
77.89%
1.12%
Commercial Banking
Finance and Insurance
Link
US
Bardstown

About WFC

Wells Fargo & Company is an American multinational financial services company with a significant global presence. The company operates in 35 countries and serves over 70 million customers worldwide.