Wells Fargo & Company (WFC) is the issuer whose shares FMR LLC and Abigail P. Johnson each report beneficially owning 141,551,871 shares, or 4.7% of the class. FMR LLC reports sole voting power over 102,814,007 shares and sole dispositive power over 141,551,871 shares. Abigail P. Johnson reports no sole or shared voting power and sole dispositive power over 141,551,871 shares.
Wells Fargo & Company/MN (WFCNP), as guarantor, backs Wells Fargo Finance LLC’s proposed issuance of market-linked notes with an original offering price of $1,000 per security, linked to the iShares MSCI EAFE ETF.
At maturity, if the ETF’s ending value exceeds its starting value, each security pays $1,000 plus the ETF return multiplied by an upside participation rate of at least 121.00%, to be set on the pricing date. If the ending value is at or below the start but at least 80% of it, payment is $1,000. Below that threshold, holders bear the ETF’s full decline from the starting value and may lose all principal.
The current estimated value is approximately $982.70 per security versus the $1,000 original offering price; the estimated value on the pricing date will be at least $952.70. The expected pricing date is November 13, 2026, and expected issue date November 18, 2026; stated maturity is November 16, 2029, subject to postponement. The notes are unsecured obligations of Wells Fargo Finance LLC, guaranteed by Wells Fargo & Company, and payments are subject to credit risk. They pay no interest or ETF dividends, are not exchange-listed, and Wells Fargo Securities, LLC and its affiliates are not required to make a secondary market.
Wells Fargo & Company guarantees Wells Fargo Finance LLC’s preliminary offering of $1,000-per-note digital notes linked to the S&P 500 Index. The notes pay no interest. At maturity, if the index’s final level is at least its initial level, each $1,000 note pays a threshold settlement amount expected to be $1,069.20 to $1,081.40, a contingent fixed return of 6.92% to 8.14%. If the final level is lower, the payment is $1,000, with no positive return. Any positive return is capped at the stated range, regardless of larger index gains.
The original offering price is $1,000 per note, with an $8.40 agent discount and $991.60 in proceeds to Wells Fargo Finance LLC per note. The preliminary estimated value is approximately $989.30 per note; the trade-date estimated value will not be less than $959.30. The notes are unsecured obligations of Wells Fargo Finance LLC, fully and unconditionally guaranteed by Wells Fargo & Company, and payments are subject to credit risk. They will not be exchange-listed and are designed to be held to maturity. The determination date is expected 14 to 16 months after the trade date, subject to postponement; maturity is expected on the second scheduled business day after the determination date.
Wells Fargo & Company/MN (WFCNP), as guarantor, backs Wells Fargo Finance LLC’s $4,387,000 offering of S&P 500-linked enhanced-return securities. Wells Fargo Finance LLC receives $4,387,000, and the distribution agent discount is $0. The stated maturity date is February 25, 2028, subject to postponement.
For each $1,000 security, a positive index return receives 300% upside participation, capped at a $1,204 maximum settlement when the index reaches 106.80% of its initial level. At or below the initial level, the payment reflects one-for-one downside, including possible loss of the full principal. The securities pay no interest or index dividends.
The trade-date estimated value is $995.08 per security, compared with the $1,000 original offering price. The securities are unsecured obligations of Wells Fargo Finance LLC, guaranteed by Wells Fargo & Company, and payments are subject to their credit risk. They will not be exchange-listed, and a secondary market is not assured. They are not redeemable by the issuer or repayable at a holder’s option before maturity.
Wells Fargo & Company (WFCNP) disclosed a $3,966,000 offering of Buffered Enhanced Return Securities through Wells Fargo Finance LLC; Wells Fargo & Company fully and unconditionally guarantees the notes. Linked to the S&P 500 Index, the notes mature January 12, 2028, subject to postponement. For each $1,000 face amount, a positive index return earns 140% participation, capped at a $1,182.84 maximum settlement amount. At maturity, an index decline of up to 10.00% returns $1,000; below that buffer, losses accelerate at approximately 1.1111% of face amount for each additional 1% decline, and the payment could be zero.
The securities pay no interest and do not pass through index dividends. Their estimated value on the October 26, 2026 trade date was $996.66 per security, versus the $1,000 offering price. Wells Fargo Finance LLC receives $3,966,000 in total proceeds, with a $0.00 agent discount. The notes are unsecured obligations of Wells Fargo Finance LLC, guaranteed by Wells Fargo & Company, so payments depend on index performance and the credit of both entities. They are not exchange-listed, and the agent is not obligated to make a market.
Wells Fargo & Company/MN (WFCNP) guarantees $557,000 of callable, market-linked notes issued by Wells Fargo Finance LLC, priced at $1,000 per security and due October 31, 2029. The notes are linked to the lowest-performing of the Nasdaq-100, Russell 2000 and S&P 500 indexes. They pay a 10.80% annual contingent coupon monthly only when the lowest-performing index is at least 70% of its starting value on that month’s calculation day; otherwise, no coupon is paid for that month.
Wells Fargo Finance LLC may redeem the notes, in whole but not in part, on scheduled monthly dates from April 2027 through September 2029, beginning approximately six months after issuance. If not redeemed, holders receive $1,000 per security at maturity if the lowest-performing index ends at or above 60% of its starting value. Below that threshold, repayment follows the index’s performance factor, with losses exceeding 40% and potentially reaching all principal. The estimated value is $981.82 per security, below the $1,000 offering price. The notes are unlisted, and no secondary market is assured.
Wells Fargo & Company earned $5.951 billion in the third quarter of 2026, up from $5.589 billion a year earlier; diluted earnings per share were $1.87 versus $1.66. Revenue was $21.870 billion, up 2%, with net interest income rising 5% to $12.517 billion while noninterest income declined 1% to $9.353 billion.
The quarter’s provision for credit losses increased 51% to $1.029 billion from $681 million. For the first nine months of 2026, net income was $17.611 billion versus $15.977 billion, while revenue rose 6% to $65.938 billion from $62.407 billion. Technology, telecommunications and equipment expense rose 13% to $1.492 billion in the quarter; personnel expense fell 3% to $8.745 billion.
At September 30, 2026, the allowance for loan losses was $14.458 billion, up $121 million from December 31, 2025; coverage of total loans was 1.38% versus 1.45%. Nonperforming assets were $7.4 billion at September 30, 2026, down $1.1 billion from December 31, 2025. The CET1 ratio was 10.03%, compared with an 8.50% regulatory minimum and buffers; the liquidity coverage ratio was 122%, above its 100% minimum.
Wells Fargo & Company/MN (WFCNP) is the guarantor of Wells Fargo Finance LLC’s preliminary offering of auto-callable notes linked to the S&P 500 Index, with an original offering price of $1,000 per security and maturity on October 26, 2029, subject to postponement. The contingent coupon rate will be set on the pricing date at no less than 6.85% per annum; quarterly coupons are payable only when the index closes at or above 60% of its starting value.
From October 2027 through July 2029, a quarterly close at or above the starting value triggers an automatic call for the face amount plus a final contingent coupon. If not called, a final index value below 60% of its starting value reduces principal according to the index’s performance factor, with a loss of more than 40% and potentially all principal. Gains above the starting value do not increase principal, and holders receive no index dividends. The estimated value is approximately $974.80 per security, and the estimated value on the pricing date will be at least $944.80 per security. The notes are not exchange-listed, and a secondary market may not develop.
Wells Fargo & Company (WFCNP) guarantees notes issued by Wells Fargo Finance LLC with an aggregate original offering price of $680,000. Each security has a $1,000 face amount and is due April 20, 2028, subject to postponement. The S&P 500 starting value is 7,744.06, measured on October 15, 2026. The notes pay no periodic interest or dividends. If the index rises, the return reflects 100% participation but is capped at 15%, for a maximum maturity payment of $1,150 per security. If the index declines by no more than 20%, holders receive a positive return equal to 50% of the decline; if it declines more than 20%, holders bear one-for-one losses beyond the buffer and may lose up to 80% of face amount.
The estimated value was $987.21 per security against a $1,000 original offering price. Wells Fargo Finance LLC receives $674,560 in total proceeds after a $5,440 agent discount. The notes are unsecured and unlisted, and the agent is not obligated to buy them or make a market; all payments are subject to the issuer's and guarantor's credit risk.
Wells Fargo & Company (WFCNP) guarantees Wells Fargo Finance LLC’s preliminary offering of unsecured notes with a $1,000 face amount per security, linked to The Home Depot, Inc. common stock and scheduled to mature November 1, 2029, subject to postponement. The quarterly contingent coupon rate will be set on the pricing date and will be at least 10.40% per annum; a coupon is paid only when Home Depot’s closing value is at least 70% of its starting value on the related calculation day.
If Home Depot closes at or above its starting value on a quarterly calculation day scheduled from April 2027 through July 2029, inclusive, the notes are automatically called for face amount plus a final contingent coupon. If not called, maturity repayment is $1,000 when the ending value is at least 70% of the starting value; below that threshold, repayment equals $1,000 multiplied by the performance factor, exposing holders to the full decline from the starting value and potentially all principal loss. Holders do not share in stock appreciation or receive dividends.
The preliminary estimated value is approximately $959.30 per security, with a pricing-date floor of $929.30 versus the $1,000 offering price. Payments depend on the credit of Wells Fargo Finance LLC and its guarantor, Wells Fargo & Company. The notes are not exchange-listed, and there is no assurance of a secondary market.