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 financial services company that reports having approximately $2.1 trillion in assets and operating through four reportable segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. The Wells Fargo news flow reflects these diverse activities, ranging from quarterly earnings announcements to capital markets transactions and research publications.
Investors following WFC news will see quarterly financial results released via Business Wire and detailed in Form 8-K filings. These updates typically include a news release on results of operations and financial condition, a quarterly supplement with additional data, and information about conference calls and webcasts where management discusses performance and other matters relating to the company.
Wells Fargo news also covers capital and funding actions, such as the redemption of floating rate junior subordinated debentures and the establishment or issuance of medium-term notes under Series W and Series Y programs. Press releases and corresponding SEC filings describe the terms of these instruments, redemption dates, and related covenants.
Beyond earnings and funding, Wells Fargo regularly issues research and survey-based releases. Examples include surveys on financial goal setting and holiday gifting behaviors, as well as investment outlooks from Wells Fargo Investment Institute that discuss economic forecasts, favored sectors, and portfolio ideas, accompanied by extensive risk disclosures. Corporate governance and leadership developments, such as executive appointments and changes in responsibilities, also appear in the company’s news.
This WFC news page aggregates these types of announcements so readers can review earnings releases, capital markets updates, survey findings, and strategic communications in one place.
Wells Fargo (NYSE: WFC) has welcomed two new companies, Extend and Oliver, into its Startup Accelerator. This program aids startups in developing solutions for customer experience, payments, marketing, and more, utilizing technologies like AI and distributed ledger tech. Currently, the Accelerator includes 27 companies. Each startup can receive up to $1 million in funding and mentorship to foster growth. Since its inception, the program has attracted over 3,200 applications globally.
The Wells Fargo Utilities and High Income Fund (ERH) has announced its monthly distribution sources for shareholders. The notice emphasizes that the distribution amount does not necessarily reflect the fund's investment performance. Notably, a portion of the distribution may be a return of capital, meaning some invested money could be returned to shareholders. The fund has distributed more than its income and net realized capital gains this fiscal year. Actual amounts for tax reporting will depend on the fund’s performance for the remainder of the fiscal year.
Wells Fargo (NYSE: WFC) announces the appointment of Kleber Santos as head of the newly formed Diverse Segments, Representation and Inclusion group, effective Nov. 9. Reporting to CEO Charlie Scharf, Santos will enhance the company’s diversity and inclusion efforts. Previously with Capital One for 15 years, he held senior roles and focused on diversity initiatives. His responsibilities will involve creating a diverse workforce and tailoring products for diverse customer segments. Wells Fargo has $1.92 trillion in assets and aims to serve one in three U.S. households.
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Wells Fargo & Company (NYSE: WFC) announced a quarterly dividend of $0.10 per share, set to be paid on Dec. 1, 2020, for stockholders on record by Nov. 6, 2020. This decision was approved by the Wells Fargo board. The company has approximately 4.1 billion shares outstanding and manages $1.92 trillion in assets, highlighting its status as a major player in the financial services sector. Founded in 1852 and based in San Francisco, Wells Fargo serves a wide range of banking and investment needs.
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Wells Fargo & Company (NYSE: WFC) announced its third quarter 2020 financial results, which can be accessed online. The company will hold a conference call on October 14 at 10 a.m. ET to discuss these results. With a total asset base of approximately $1.92 trillion, Wells Fargo offers a wide range of financial services. The company serves one in three households in the U.S. and has a global presence with offices in 31 countries. For further details, visit their investor relations webpage.
Wells Fargo (NYSE: WFC) will announce its third quarter 2020 earnings results on October 14, 2020, at 8 a.m. ET. Investors can access the results online at the Wells Fargo investor relations website. Following the results, a live conference call will be held at 10 a.m. ET, where participants can join via phone or online. A replay of the call will be available later that day and until October 28. Wells Fargo, a leading diversified financial services company with $1.97 trillion in assets, serves one in three U.S. households through various banking and financial services.
Wells Fargo Utilities and High Income Fund (NYSE American: ERH) issued a Notice to shareholders detailing the sources of its monthly distributions. It notes that distributions may exceed income and net realized capital gains, indicating a portion could be a return of capital. This return of capital does not reflect the Fund's investment performance. The Fund adheres to a managed distribution plan with a minimum annual rate of 7.0%, calculated using prior NAV. Shareholders will receive a Form 1099-DIV for tax purposes, summarizing distribution sources and amounts following the fiscal year-end.
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