Welcome to our dedicated page for Wells Fargo news (Ticker: WFC), a resource for investors and traders seeking the latest updates and insights on Wells Fargo stock.
Wells Fargo & Company reports developments across a diversified financial services business that provides banking, investment and mortgage products and services, plus consumer and commercial finance. Company updates commonly reference its four operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management.
Recurring news includes quarterly earnings releases, common stock dividends, credit card rewards and travel-transfer partnerships, digital banking features such as the Wells Fargo Mobile app and Fargo virtual assistant, and community investments tied to housing, workforce training and small business growth. Wells Fargo also publishes consumer finance research through its Money Study.
Wells Fargo (NYSE: WFC) has announced positive developments following the completion of its 2025 Comprehensive Capital Analysis and Review (CCAR) stress test. The Federal Reserve Board's calculations indicate that the company's stress capital buffer (SCB) is expected to decrease from 3.8% to the minimum of 2.5%.
Additionally, the company plans to increase its quarterly dividend by 12.5% to $0.45 per share from $0.40, subject to Board approval in July. The FRB has also revised Wells Fargo's 2024 SCB to 3.7% from 3.8% due to corrections in loss projections. The company maintains capacity for continued common stock repurchases, which will be evaluated based on market conditions, regulatory requirements, and risk factors.
Wells Fargo (NYSE: WFC) has announced a definitive agreement to sell its rail equipment leasing business assets to a joint venture between GATX Corporation and Brookfield Infrastructure. The transaction includes Wells Fargo's entire rail operating lease assets portfolio, with a book value of approximately $4.4 billion, along with the rail finance lease portfolio.
The deal is expected to close in Q1 2026 or earlier, subject to customary closing conditions. According to the company, this move aligns with Wells Fargo's strategy of simplifying its businesses and focusing on core client services. The sale is not anticipated to materially impact Wells Fargo's financial position or earnings.
Wells Fargo (NYSE: WFC) has announced the termination of the Office of the Comptroller of the Currency's (OCC) 2015 agreements related to the company's previous financial subsidiaries. This marks a significant milestone in the bank's regulatory compliance journey, representing the thirteenth consent order closed by Wells Fargo's regulators since 2019 and the seventh since the start of the year. The bank now has only one remaining consent order - the 2018 agreement with the Federal Reserve Board.
Wells Fargo (NYSE: WFC) has announced that CEO Charlie Scharf will deliver a presentation at the upcoming Bernstein Strategic Decisions Conference on May 28, 2025 at 8:00 a.m. ET. The presentation will be accessible via live webcast on Wells Fargo's investor relations website, with a replay available for three months after the event.
Wells Fargo (NYSE: WFC) has declared quarterly cash dividends on six series of preferred stock, all payable on June 16, 2025, to holders of record as of May 30, 2025. The dividends include:
- Series L: $18.75 per share (7.50% noncumulative perpetual convertible)
- Series Y: $351.56 per share (5.625% noncumulative perpetual)
- Series Z: $296.88 per share (4.75% noncumulative perpetual)
- Series AA: $293.75 per share (4.70% noncumulative perpetual)
- Series CC: $273.44 per share (4.375% noncumulative perpetual)
- Series DD: $265.63 per share (4.25% noncumulative perpetual)
Wells Fargo is a leading financial services company with approximately $1.9 trillion in assets and ranked No. 34 on Fortune's 2024 rankings of America's largest corporations.