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 leading financial services institution providing banking, lending, and wealth management solutions worldwide. This page serves as a centralized resource for all official news, press releases, and regulatory filings related to the company.
Investors and financial professionals will find timely updates on earnings announcements, strategic initiatives, leadership changes, and product innovations. Our curated collection ensures easy access to critical developments across Wells Fargo's consumer banking, commercial finance, and investment management segments.
Key updates include quarterly financial results, mergers and acquisitions, regulatory compliance actions, and community impact initiatives. Bookmark this page to stay informed about WFC's market positioning, operational adjustments, and responses to evolving industry trends.
Wells Fargo & Company (NYSE: WFC) announced the full redemption of its Series S Preferred Stock and related depositary shares. On June 15, 2024, all outstanding shares of the Series S Preferred Stock and related depositary shares will be redeemed. The redemption price is set at $25,000.00 per Redeemed Series S Preferred Share and $1,000.00 per Redeemed Series S Depositary Share. After the redemption, no shares of either will remain outstanding.
Wells Fargo & Company announced that Fernando Rivas will join as Co-CEO of Corporate & Investment Banking, bringing decades of experience from JP Morgan Chase. This move aims to enhance the bank's capabilities, deepen relationships, and drive revenue growth. Rivas' strategic expertise and industry knowledge are expected to contribute to Wells Fargo's continued success in the financial services sector.
Wells Fargo's Growing Diverse Housing Developers program aims to increase equity by providing diverse real estate developers with training, networks, grant capital, and resources to expand affordable housing production. This initiative supports developers of color, both nonprofit and for-profit, in creating greater access to affordable housing nationwide. The program is funded by the Wells Fargo Foundation and implemented through a $30 million grant.
Wells Fargo & Company (NYSE: WFC) has announced a quarterly common stock dividend of $0.35 per share, payable in June 2024, to stockholders of record in May 2024. The company, with approximately $1.9 trillion in assets, offers a wide range of financial services through various segments. Wells Fargo ranks No. 47 on Fortune's list of America's largest corporations, focusing on social impact initiatives.
Wells Fargo announced the results of its 2024 Annual Meeting of Shareholders, electing 13 director nominees, including a new independent director, Fabian T. Garcia. The shareholders also approved various proposals related to executive compensation and voting standards.
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