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.
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Wells Fargo Investment Institute (WFII) released its '2024 Outlook' report, predicting a challenging first half of the year due to a global economic slowdown, followed by an improving, more opportunistic environment in the second half. WFII advises using accumulated fixed-income assets to invest later in the year and anticipates opportunities in a broad early-cycle global recovery later in 2024. The report forecasts a moderate U.S. economic slowdown, with a 0.7% GDP target for 2024 and a 2.5% inflation target. WFII also expects the S&P 500 Index to gain into year-end, with a target range of 4,600 – 4,800, and predicts two quarter-point Fed rate cuts in 2024, causing the federal funds rate forecast to decline toward 4.75% – 5.00%.
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Wells Fargo & Company (WFC) CEO to Present at Goldman Sachs Financial Services Conference
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Wells Fargo & Company (NYSE: WFC) has announced a $1.5 million philanthropic investment in the Russell Innovation Center for Entrepreneurs (RICE) to support small businesses in Atlanta and beyond. The investment aims to develop small businesses, facilitate access to capital, curate dedicated learning spaces, and expand RICE's reach and impact. Wells Fargo's investment will fund programming, access to capital, placemaking, and the development of a digital learning platform. The investment is consistent with Wells Fargo's commitment to advance economic equity and create opportunities for small business growth.
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Wells Fargo & Company (NYSE: WFC) Announces Dividends on Seven Series of Preferred Stock. Wells Fargo declared quarterly cash dividends for seven series of preferred stock, including noncumulative perpetual convertible class A preferred stock, Series L, fixed-to-floating noncumulative perpetual class A preferred stock, Series R, and noncumulative perpetual class A preferred stock, Series Y, Z, AA, CC, and DD.
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Wells Fargo: Six Full-Time Bank On Fellows Selected to Lead Coalitions to Increase Banking Access with $1 Million Funding from Wells Fargo Foundation. The goal is to expand banking access for unbanked residents in Arizona, California, Ohio, Kentucky, Louisiana, and New Mexico. The Bank On National Account Standards aim to ensure everyone has access to safe and affordable financial products and services.
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Wells Fargo Foundation and Enterprise Community Partners Announce Winners of 2023 Housing Affordability Breakthrough Challenge, Awarding $20 Million to Six Organizations. The winners will receive grants and support to scale innovative housing solutions across the U.S., including workforce training, financing housing in rural communities, and reducing carbon footprint in multifamily buildings.
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Wells Fargo is partnering with Allspring Global Investments to launch a Tribal Inclusion share class for the Allspring Government Money Market Fund, exclusively for Wells Fargo corporate clients. This is the first money market product with a charitable donation feature focused on benefiting tribal communities in the United States.
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Wells Fargo's Vice Chairman, Thomas R. Nides, is leaving the company to focus on events in the Middle East. William M. Daley will return to his prior role. Wells Fargo will search for Daley's replacement. Nides plans to work with organizations in the Middle East to provide assistance. CEO Charlie Scharf supports Nides' decision.
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Wells Fargo CEO of Consumer Lending to present at BancAnalysts Association of Boston Conference on Nov. 2, 2023.
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Wells Fargo announces quarterly dividend of $0.35 per share payable on Dec. 1, 2023.
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Wells Fargo Co
NYSE:WFC
WFC Rankings
WFC Stock Data
211.06B
3.26B
0.09%
78.15%
0.93%
Banks - Diversified
National Commercial Banks
United States
SAN FRANCISCO