Wells Fargo & Company prices senior unsecured fixed-rate medium-term notes with a $1,000 principal per note and a 4.57% annual interest rate. The pricing date is March 19, 2026, issue date March 23, 2026, and stated maturity is March 23, 2031.
The notes pay interest semi‑annually on March 23 and September 23, are redeemable at the issuer's option on specified semi‑annual dates beginning March 23, 2028, and will not be listed on an exchange. The original offering price is $1,000 per note (minimum $990 for certain accounts); proceeds to Wells Fargo are shown as $990 per note after agent discount.
Wells Fargo & Company created a new series of preferred stock and began selling it to investors. The company designated 90,000 shares of 6.125% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series GG, each with a liquidation preference of $25,000 per share.
The company then sold 2,250,000 Depositary Shares, with each Depositary Share representing a 1/25th interest in one share of the Series GG Preferred Stock. The terms of this new preferred series, along with the underwriting agreement, deposit agreement and related legal opinions, were filed as exhibits under an existing shelf registration on Form S‑3.
Wells Fargo & Company is asking shareholders to vote at its virtual 2026 annual meeting on April 28, 2026. Items include electing 12 directors, an advisory Say-on-Pay vote, expanding and extending the 2022 Long-Term Incentive Plan, ratifying KPMG for 2026, and six shareholder proposals the Board opposes.
The proxy highlights 2025 results, including $83.7B revenue, $21.3B net income, and $6.26 diluted EPS, with ROE of 12.4%, ROTCE of 14.6%, a CET1 ratio of 10.6%, a 66% efficiency ratio, and about $23B of capital returned to shareholders. It notes termination of all 14 consent orders and removal of the Federal Reserve asset cap in 2025, and describes ongoing transformation, efficiency initiatives, and capital return priorities.
The Board recommends shareholders approve a 45 million share increase and term extension for the 2022 LTIP, emphasizing equity-based pay and pay-for-performance. CEO total compensation for 2025 was set at $40.0M, plus a special equity award of about $60M tied to his role in the company’s regulatory progress and transformation. The filing details board skills, independence, the combined Chair/CEO structure with a strong Lead Independent Director, and extensive oversight of risk, technology, cybersecurity, and human capital.
Wells Fargo & Company (WFC) senior executive Fernando Rivas reported a restructuring transaction involving preferred stock held indirectly through his spouse. Depository shares representing Wells Fargo 3.90% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series BB, were called for redemption by the issuer at their face value of $1,000 per share, resulting in the redemption of 39 depository shares and leaving no remaining holdings in this Series BB security.
After this activity, Rivas continues to hold 121,515.051 shares of Wells Fargo common stock directly and 100 preferred shares of Series EE indirectly through his spouse.
Wells Fargo & Company filed a current report to disclose an update to its corporate charter. On March 17, 2026, the company filed with the Delaware Secretary of State a Certificate Eliminating the Certificate of Designation for its 3.90% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series BB. This filing removes from Wells Fargo’s Restated Certificate of Incorporation all matters previously set forth in the Series BB Certificate of Designation, which was originally filed on January 22, 2021. The elimination certificate is included as Exhibit 3.1 and incorporated by reference.
Wells Fargo Municipal Capital Strategies, LLC, an indirect wholly owned subsidiary of Wells Fargo & Company, reported a restructuring-type transaction involving preferred shares of Nuveen Quality Municipal Income Fund. The filing shows that 500 MuniFund Preferred Shares beneficially owned by Capital Strategies were disposed of due to a redemption by the fund. Each redeemed share carried a redemption price of $100,099.09338, consisting of a $100,000.00 liquidation preference plus $99.09338 of accrued dividends per share. Following this issuer-initiated redemption, Capital Strategies continues to beneficially own 2,988 MuniFund Preferred Shares indirectly. The statement is jointly filed by Wells Fargo & Company and Capital Strategies, with Wells Fargo’s interest arising through its ownership of Capital Strategies.
Wells Fargo Finance LLC is offering $5,000,000 aggregate principal of floating‑rate medium‑term notes due March 16, 2033, sold at $1,000 per note with proceeds to the issuer of $994.50 per note after an agent discount of $5.50 per note.
The notes pay a quarterly floating rate equal to Compounded SOFR plus a spread of 0.80% subject to a 1.00% per annum minimum, use a 30/360 day count, are unsecured obligations of the issuer and are fully and unconditionally guaranteed by Wells Fargo & Company. The notes are not listed and holders bear issuer and guarantor credit risk.
Wells Fargo & Company is offering 2,250,000 depositary shares, each representing a 1/25th interest in a share of 6.125% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series GG. The depositary shares have a public offering price of $1,000.00 per depositary share and aggregate public offering proceeds of $2,250,000,000.00.
Dividends on the underlying Series GG Preferred Stock accrue at 6.125% until June 15, 2031, then reset to the five-year treasury rate plus 2.34% for each reset period. Dividends are non-cumulative, payable quarterly beginning June 15, 2026, and the securities are unsecured, not FDIC-insured, and will not be listed on any exchange.
Wells Fargo is offering fixed‑rate callable medium‑term notes, Series AA, with a stated interest rate of 4.15% per annum and a stated maturity of March 23, 2029. Each note has a principal amount of $1,000 and an original offering price of $1,000 per note (with certain institutional and fee‑based advisory account sales not less than $990). The notes pay interest semi‑annually and are redeemable by Wells Fargo in whole, on specified semi‑annual redemption dates, at 100% of principal plus accrued interest. The agent discount is up to $10 per note, so proceeds to Wells Fargo per note equal $990.
Credit risk of Wells Fargo applies; the notes are unsecured, will not be listed, and the pricing supplement must be read with the prospectus supplement dated February 13, 2026.