Wells Fargo & Co. - WFC STOCK NEWS

Wells Fargo will participate in the 2022 Sibos conference in Amsterdam from October 10-13. Six members from its Global Treasury Management and Technology groups will speak at eight panels, covering topics like cybercrime, instant payments, and financial crime compliance. Notable speakers include Tami Hudson and Lynne Kresse. The conference aims to address crucial issues in the banking sector, highlighting Wells Fargo’s commitment to innovation and compliance in financial services.

Wells Fargo Advisors has welcomed The Savarick Group, led by Evan and Roy Savarick, enhancing its wealth management capabilities. With over 50 years of combined experience, the team specializes in asset management, wealth planning, succession planning, and retirement strategies. Evan holds a Master's in Finance from Vanderbilt University, while Roy is a CERTIFIED FINANCIAL PLANNER™. The Savarick Group operates from Fort Lauderdale and Manhattan, bringing a family-managed touch to clients.

As of March 31, 2022, Wells Fargo Advisors manages $1.88 trillion in client assets.

Wells Fargo announces a donation of $300,000 to aid recovery efforts in Puerto Rico post-Hurricane Fiona. Funded through the Wells Fargo Foundation, this support targets essential needs such as meals and rebuilding resources, specifically assisting the Hispanic Federation, SBP, and World Central Kitchen. Each organization will receive $100,000 to facilitate urgent relief efforts. Additionally, Wells Fargo maintains ongoing support for the American Red Cross to bolster disaster preparedness.

The Big Homecoming Festival, co-created by Grammy winners Amir Windom and Maurice Slade, is launching Phase II with The 365 Impact Tour, aimed at supporting Historically Black Colleges and Universities (HBCUs). Major partners like Walmart (WMT), Wells Fargo (WFC), and Allstate (ALL) will provide resources to enhance education, leadership, financial literacy, health, and entrepreneurship among students. The tour kicks off on September 13, 2022, at North Carolina A&T University, continuing efforts to celebrate and sustain the legacy of Black excellence through community engagement.

Wells Fargo has reached an agreement with the U.S. Department of Labor to resolve a legacy matter related to its 401(k) Plan. The bank, which disagrees with the DOL's allegations, will pay approximately $13.2 million to the DOL and $131.8 million to eligible current and former 401(k) participants. The company emphasizes that all participants received their due contributions, and the transactions were independently approved. Wells Fargo has not conducted the disputed transactions since 2018.

Wells Fargo (NYSE: WFC) announced that Chief Financial Officer Mike Santomassimo will present at the Barclays Global Financial Services Conference on Tuesday, Sept. 13, 2022, at 8:15 a.m. ET. The event will be available via live webcast, with a replay accessible for three months post-presentation. Wells Fargo, a leading financial services company with approximately $1.9 trillion in assets, serves one in three U.S. households and is the top provider for middle-market banking.

Wells Fargo (NYSE: WFC) has declared dividends on eight series of preferred stock, showcasing continued confidence in shareholder returns. Notably, a cash dividend of $18.75 per share on the Series L, payable on Sept. 15, 2022, stands out. Other dividends include $365.63 for Series Q, $414.06 for Series R, $351.56 for Series Y, $296.88 for Series Z, $293.75 for Series AA, $273.44 for Series CC, and $265.63 for Series DD, all payable on the same date. Holders must be recorded by Aug. 31, 2022.