54.04 +0.10 (0.19%)
After hours: 7:58PM EDT
|Bid||0.00 x 29200|
|Ask||0.00 x 2900|
|Day's Range||53.78 - 55.04|
|52 Week Range||49.27 - 66.31|
|PE Ratio (TTM)||13.38|
|Forward Dividend & Yield||1.56 (2.84%)|
|1y Target Est||N/A|
Wells Fargo & Company (WFC) today released the results of its company-run stress test conducted in accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act (DFA). The Federal Reserve Board has published the results of its supervisory-run DFA stress tests for the nation’s largest banks, including Wells Fargo, using the Dodd-Frank Capital Actions1 distribution requirements. Wells Fargo’s estimates may differ from the Federal Reserve Board’s estimates.
Wells Fargo and Company today announced more than 50 grants awarded to nonprofits across the U.S. to promote housing equality for low- to middle-income households in recognition of the 50th anniversary of the Fair Housing Act.
Wells Fargo Investment Institute today released its 2018 midyear outlook report, “Late Cycle Doesn’t Mean End of Cycle.” The report makes the case that the economic recovery, which coincides with the equity bull market, has more room to run. It also describes near-term opportunities in U.S. equities and suggests that the environment is becoming more favorable for select alternative investment strategies. “The first half of the year certainly delivered on our outlook’s anticipated market volatility, but there are a variety of indicators that convince us the bull market could run for another year or longer.
The settlement, negotiated by Seattle-based law firm Keller Rohrback L.L.P., includes a first-of-its-kind mechanism to repay Wells Fargo victims for increased borrowing costs incurred because of a change to their credit score, together with credit repair services to reverse the harm itself. “We are pleased that the Court has granted final approval of the settlement so that the victims of Wells Fargo’s unauthorized account debacle can receive the innovative and substantial relief provided by this class action settlement,” said Derek Loeser, a partner at Keller Rohrback L.L.P. and lead counsel for the nationwide class.
Wells Fargo & Company (WFC) today announced the class-action lawsuit settlement concerning improper retail sales practices (Jabbari v. Wells Fargo Bank, N.A.) received final approval in a June 14 order from the U.S. District Court for the Northern District of California. “The court’s approval of the broad and far-reaching $142 million settlement agreement is a significant step forward in making things right for our customers and further restoring trust with all of Wells Fargo’s stakeholders,” said Tim Sloan, Wells Fargo’s President and Chief Executive Officer. The settlement agreement sets aside funds for customer remediation.
Wells Fargo Bank, N.A., said today it is increasing its prime rate to 5.00 percent from 4.75 percent, effective tomorrow, June 14, 2018.
Wells Fargo & Company (WFC) announced today it will commemorate the International Day of Family Remittances by waiving all transfer fees for ExpressSend® remittances sent June 15–18. The day first was proclaimed in 2015 by the International Fund for Agricultural Development, an agency of the United Nations. It is observed to recognize the significant financial contributions of migrant workers and to encourage organizations to collaborate and maximize the impact of these funds in the developing world.
Wells Fargo & Company announced today its expected earnings release dates and conference call information for the first, second, third, and fourth quarters of 2019:
Wells Fargo & Company (WFC), NeighborWorks® America and its network member, NeighborWorks Southern Mass, today announced the NeighborhoodLIFT® program will expand to the Boston area with a $6.75 million commitment by Wells Fargo to boost homeownership in Essex, Middlesex, Norfolk, Suffolk and Plymouth counties. The event in Boston is Wells Fargo’s 60th LIFT program launch conducted in collaboration with NeighborWorks America and its network members through NeighborhoodLIFT and other LIFT programs.
Presented at the conference’s 86th annual meeting in Boston, the awards recognize nonprofits and cities for leadership in driving neighborhood stabilization, economic development and job creation. An independent panel of judges selected recipients of the Wells Fargo-funded grants from 188 applicants representing small, medium and large cities.
Wells Fargo & Company , as previously announced, will report its second quarter 2018 earnings on Friday, July 13, 2018, at 5 a.m. PT . The news release will be available at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/.
Wells Fargo today announced it is a founding partner of New York’s newest neighborhood and largest private real estate development in U.S. history − Hudson Yards. As a founding partner, Wells Fargo will be the “preferred bank of Hudson Yards.” The company recently opened a bank branch and is expected to move the regional headquarters of its investment banking unit to Hudson Yards. “Hudson Yards is bringing opportunity to the West Side of Manhattan, very much in the way Wells Fargo brought opportunity to the America West 166 years ago,” said Jamie Moldafsky, Wells Fargo’s chief marketing officer.
Wells Fargo & Company today announced that it has named David Galloreese as head of Human Resources . Bringing strong HR and leadership experience, Galloreese will join the company July 9 and will be based in San Francisco.
Wells Fargo Real Estate Investment Corporation (NYSE:WFE Pr A) announced today that its board of directors has declared a quarterly dividend on its 6.375% cumulative perpetual preferred stock, Series A. The dividend is equal to $0.3984375 per share of Series A preferred stock. Wells Fargo Real Estate Investment Corporation is an indirect subsidiary of Wells Fargo & Company and is qualified as a real estate investment trust for federal income tax purposes. Wells Fargo & Company (WFC) is a diversified, community-based financial services company with $1.9 trillion in assets.
Wells Fargo & Company (WFC) announced today it has entered into an agreement to sell 52 retail bank branches to Flagstar Bank, FSB, a subsidiary of Flagstar Bancorp, Inc. (FBC). The sale comprises all Wells Fargo branches in Indiana (33), Michigan (14) and Ohio (1), and a small number of Wisconsin branches (4), and involves approximately 490 team members, all of whom will receive offers of employment from Flagstar. “We are very pleased to reach this agreement with Flagstar, as they are committed to providing excellent service to our customers and providing a great workplace for our team members,” said Mary Mack, head of Community Banking and Consumer Lending.
Wells Fargo & Company announced that 13 Community Development Financial Institutions around the U.S. have been selected to receive $12.1 million in lending capital and grants under the Wells Fargo Works for Small Business: Diverse Community Capital program.
Wells Fargo & Company said today that Chief Financial Officer John Shrewsberry will participate at the Morgan Stanley Financials Conference in New York on Wednesday, June 13, 2018, at 10 a.m.
A judge has approved a $142 million settlement in the first class action lawsuit filed in the Wells Fargo (WFC) “unauthorized account” scandal. The deal, negotiated by Seattle-based law firm Keller Rohrback L.L.P., includes a first-of-its-kind mechanism to repay Wells Fargo victims for increased borrowing costs incurred because of a change to their credit score, together with credit repair services to reverse the harm itself. Vince Chhabria said he would approve the settlement, which—if no appeals are filed—would clear the way for the processing of class members’ claims.
The Wells Fargo Housing Foundation today announced that its third annual VeteranWINS® grant program will donate $300,000 across nine nonprofits to address sustainable housing for military veterans. Awarded through a competitive application process, VeteranWINS grants support community-based nonprofits focused on addressing veteran homelessness, transitional housing, and low- to moderate-income veteran home rehabilitation. “Everyone deserves a safe and secure place to live, especially our veterans, who have already sacrificed so much for our country,” said Jeff Chavannes, VeteranWINS program manager at Wells Fargo and an Army veteran.
Wells Fargo & Company (WFC) today released its 2017 Corporate Social Responsibility report, which details the significant progress the company made last year to address social, economic, and environmental challenges through its philanthropy, operations, and products and services. In the report, Wells Fargo also reinforces its enhanced commitment to community investments that support economic growth, resiliency and sustainability, including a pledge to donate $400 million— or more than $1 million a day — to nonprofits in 2018. The company also recently announced that it will provide $200 billion in financing to sustainable businesses and projects by 2030.
The company announced that it has added a few new people to its multi-assets solutions team. Shares of Square closed higher as more investors absorbed last week's news that the company has announced a new debt offering to raise $750 million in cash. Wells Fargo & Company shares closed down 3.55% on about 31.6 million shares traded yesterday.
Wells Fargo Asset Management announced today that Eddie Cheng has joined the firm as head of International Portfolio Management within the Multi-Asset Solutions team. Cheng reports to Nico Marais, president of WFAM and head of Multi-Asset Solutions, and is based in London.
The Wells Fargo Income Opportunities Fund , the Wells Fargo Multi-Sector Income Fund , the Wells Fargo Utilities and High Income Fund , and the Wells Fargo Global Dividend Opportunity Fund have each announced a distribution.
Wells Fargo & Company (WFC) announced today that Steve Ellis, head of the Innovation Group, will retire after nearly 31 years with the company. In September, Lisa Frazier will become head of the group, which focuses on accelerating Wells Fargo’s delivery of next-generation products and services. “Steve has been a champion for customer-centric innovation since he joined the company more than three decades ago,” said Avid Modjtabai, head of Payments, Virtual Solutions and Innovation for Wells Fargo.
FORT LAUDERDALE, Fla., May 21, 2018 /PRNewswire/ -- Time is running out for investors to file a claim for recovery of losses in Breitburn Energy Partners and/or Linn Energy the Mark A. Tepper law firm announced today. In an Investor Alert at its website MarkTepper.com the law firm advised that any investors who in 2012 were advised by their stockbrokers to buy shares in Breitburn or Linn Energy, could be nearing ineligibility to file a claim for recovery. Once the eligibility period ends, your claim is barred forever regardless of its merits," Attorney Mark Tepper, a former New York Assistant Attorney General and Chief Trial Counsel at the Bureau of Investor Protection and Securities, said.