공고 • 3h
Wells Fargo & Company Reports Net Charge Offs for the Second Quarter Ended June 30, 2026 Wells Fargo & Company reported net charge offs for the second quarter ended June 30, 2026. For the period, the company reported net charge-offs of $883 million compared to $997 million a year ago. Net loan charge-offs of $876 million compared to $997 million a year ago. 실시간 뉴스 • Jul 13
Wells Fargo Joins Major Banks to Launch Network for Tokenized Bank Deposits Next Year Wells Fargo has joined a consortium of major lenders led by The Clearing House to build a shared network for tokenized bank deposits, with a launch targeted for next year to compete with the growing stablecoin market and potentially support stablecoin settlement.
The project aims to create interoperable infrastructure for digital payment and settlement services inside the traditional banking system, which could affect how Wells Fargo handles deposits, payments and future digital-asset activity.
Wells Fargo’s stock is trading at US$87.16, with the share price up 6.7% over the past 90 days.
This move indicates that Wells Fargo is aligning with other large banks to keep more digital dollar activity within regulated channels, which could influence how its deposit base, payments business and technology spending develop if tokenized deposits see wider use. 공고 • Jul 10
Wells Fargo & Co Announces Appointment of Tom Nicholls as Head of Sports Investment Banking Wells Fargo & Co had announced a new hire to run its Sports Investment Banking operations. The company had hired Tom Nicholls from PJT Partners Inc. for the position, and he would function as head of the unit. Nicholls had joined the San Francisco-based firm's corporate and investment bank as a managing director. 실시간 뉴스 • Jul 08
Wells Fargo in Talks to Acquire Stake in Fiserv’s STAR Debit Network Several large US banks, including Wells Fargo, JPMorgan Chase, Bank of America and PNC, are in early talks to buy Fiserv’s STAR debit payments network, seeking control of an infrastructure asset that could let them sidestep federal interchange fee restrictions.
Gaining ownership of STAR could reshape how Wells Fargo manages debit transactions and fees, especially after Capital One’s acquisition of Discover, which has already pushed banks to reconsider how much of the payments stack they control.
Wells Fargo shares trade at US$87.18, with the stock down 8.4% year to date, while the stock has risen 5.5% over the past week.
The key issue to watch is regulatory scrutiny, since any move that reduces fee caps or changes routing options could draw attention from policymakers and may alter the economics of Wells Fargo’s debit business over time. 실시간 뉴스 • Jul 02
Wells Fargo Clears 2026 Fed Stress Test With Plans for 11% Dividend Hike Wells Fargo cleared the Federal Reserve’s 2026 supervisory stress test with its stress capital buffer held at 2.5%, and, subject to board approval, plans to raise its Q3 2026 common stock dividend by 11% to $0.50 per share.
The unchanged capital buffer suggests regulators did not require higher loss-absorption levels, which points to capital strength and allows Wells Fargo to prioritize cash returns to shareholders in line with other large US banks that also passed the tests.
Wells Fargo shares trade at $85.94, with the stock up 11.4% over the past 30 days, giving the news about capital resilience and a higher dividend particular relevance for income-focused holders.
Taken together, the steady stress capital buffer and planned dividend hike highlight that Wells Fargo currently has room to distribute more capital, although future payouts still depend on board decisions, regulatory views and how upcoming earnings actually land against expectations. 공고 • Jun 25
Wells Fargo & Company Provides Dividend Guidance for the Third Quarter of 2026 Wells Fargo & Company announced that it expects to increase its third quarter 2026 common stock dividend by 11% to $0.50 per share from $0.45 per share, subject to approval by the Company’s Board of Directors at its regularly scheduled meeting in July 2026. 실시간 뉴스 • Jun 24
Wells Fargo Clears Fed Stress Test and Targets 11% Dividend Increase for 2026 Wells Fargo passed the Federal Reserve’s 2026 supervisory stress test, keeping its stress capital buffer at 2.5%, and plans to lift its common stock dividend by 11% to $0.50 per share in the third quarter of 2026, subject to Board approval.
The unchanged capital requirement and stress test outcome leave Wells Fargo with room to return capital to shareholders through the higher dividend and ongoing common stock repurchases.
Wells Fargo shares trade at $84.30, with the stock down 11.4% year to date, despite the bank’s plans for higher shareholder payouts.
The combination of a steady capital buffer, a planned dividend increase, and continued buybacks highlights Wells Fargo’s current capital position, while the weaker year-to-date share performance makes the stock’s income profile a more prominent component of the overall return mix. 실시간 뉴스 • Jun 10
Wells Fargo Gains Growth Flexibility as Fed Lifts Restrictions and AI Caution Rises The Federal Reserve has ended a decade-long enforcement action on Wells Fargo, including lifting a key asset cap imposed in 2025. This allows the bank to pursue growth in areas such as deposits, lending, investment banking, trading and wealth management.
CEO Charlie Scharf has outlined growth ambitions for the markets and wealth businesses following first-quarter earnings that exceeded estimates, with total loans above US$1t and a management target of US$50b in net interest income by 2026 reaffirmed by CFO Mike Santomassimo.
Separately, Wells Fargo analysts have called a recent AI-related tech selloff a “wake-up call,” suggesting the previous surge was a “sugar rush” and that future gains in AI stocks may come at a slower pace, while other large banks have issued more cautious signals on the sector.
Taken together, the regulatory relief and earnings backdrop give Wells Fargo more room to pursue growth in core banking and fee-based businesses, while its research arm is signaling a more measured stance toward crowded AI trades.
You may want to weigh the potential benefits of Wells Fargo’s new operating flexibility against sector-wide risks such as net interest margin pressure and volatility in high-growth themes like AI. 실시간 뉴스 • Jun 01
Wells Fargo Stock Slides as Margin Squeeze Meets Hopes for Higher Fee Income Wells Fargo shares have come under pressure, falling more than 3% and trading below key technical support levels, with the stock sitting near multi‑year lows and reflecting strong bearish momentum.
Recent earnings showed a slight EPS beat but weaker-than-expected revenue and net interest income, alongside higher credit loss provisions and a lower CET1 capital ratio.
Management is highlighting expected growth in fee-based businesses such as investment banking, markets, and wealth management for Q2 2026, supported by the removal of the asset cap and without planned additional expense growth.
The tension between margin compression and fee income growth potential puts the focus on how quickly Wells Fargo can lean into businesses that are less sensitive to net interest margins.
Investors may want to watch credit quality trends, capital ratios, and the pace at which the company converts its expanded balance sheet flexibility into higher-fee client activity. Declared Dividend • Apr 30
First quarter dividend of US$0.45 announced Shareholders will receive a dividend of US$0.45. Ex-date: 8th May 2026 Payment date: 1st June 2026 Dividend yield will be 2.2%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (27% payout ratio) and is expected to be well covered in 3 years' time (27% forecast payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover. 공고 • Apr 29
Wells Fargo & Company announces Quarterly dividend, payable on June 01, 2026 Wells Fargo & Company announced Quarterly dividend of USD 0.4500 per share payable on June 01, 2026, ex-date on May 08, 2026 and record date on May 08, 2026. 공고 • Apr 16
Wells Fargo & Company Reports Net Charge-Offs for the First Quarter Ended March 31, 2026 Wells Fargo & Company reported net charge-offs for the first quarter ended March 31, 2026. For the quarter, the company reported net charge offs of $1,106 million compared to $1,009 million in the same period last year. Reported Earnings • Apr 15
First quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2026 results: EPS: US$1.62 (up from US$1.41 in 1Q 2025). Revenue: US$20.3b (up 5.7% from 1Q 2025). Net income: US$5.00b (up 8.3% from 1Q 2025). Profit margin: 25% (in line with 1Q 2025). Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 1.1%. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 8.1% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. 공고 • Mar 19
Wells Fargo & Company, Annual General Meeting, Apr 28, 2026 Wells Fargo & Company, Annual General Meeting, Apr 28, 2026. Recent Insider Transactions Derivative • Feb 27
Senior EVP & General Counsel notifies of intention to sell stock Ellen Patterson intends to sell 60k shares in the next 90 days after lodging an Intent To Sell Form on the 26th of February. If the sale is conducted around the recent share price of US$87.38, it would amount to US$5.2m. Since March 2025, Ellen's direct individual holding has increased from 199.97k shares to 230.79k. Company insiders have collectively sold US$78m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Feb 26
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: US$6.34 (up from US$5.43 in FY 2024). Revenue: US$80.0b (up 2.7% from FY 2024). Net income: US$20.3b (up 9.0% from FY 2024). Profit margin: 25% (up from 24% in FY 2024). Net interest margin (NIM): 2.64% (down from 2.73% in FY 2024). Cost-to-income ratio: 66.0% (no change from 66.0% in FY 2024). Non-performing loans: 0.83% (down from 0.85% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 8.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. 공고 • Feb 24
Wells Fargo & Company Appoints Dennis Devine as Head of Business Banking, Effective February 23, 2026 Wells Fargo & Company announced that Dennis Devine has been named the company’s new head of Business Banking, effective February 23, 2026. In this role, Devine will lead the Business Banking team, which serves the financial needs of business owners with annual sales of up to $25 million. Dennis Devine brings to Wells Fargo more than 20 years of financial services experience and a deep understanding of how to meet the needs of Business Banking customers. During his career, Devine has served in primarily consumer and business banking-focused leadership roles. Most recently, he was president and CEO of Alliant Credit Union. Earlier, Devine led consumer and business banking at KeyBank, where he was responsible for retail, business banking, wealth management, home lending, and auto finance. Devine also has served in banking leadership roles at Citizens Financial Group, PNC, and National City. Recent Insider Transactions • Feb 22
Insider recently sold US$2.2m worth of stock On the 20th of February, Kleber Santos sold around 25k shares on-market at roughly US$87.72 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months. Recent Insider Transactions Derivative • Feb 10
Insider exercised options and sold US$7.1m worth of stock On the 5th of February, Fernando Rivas exercised options to acquire 77k shares at no cost and sold these for an average price of US$93.14 per share. This trade did not impact their existing holding. Since March 2025, Fernando's direct individual holding has increased from 44.22k shares to 44.93k. Company insiders have collectively sold US$76m more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Jan 30
Fourth quarter dividend of US$0.45 announced Shareholders will receive a dividend of US$0.45. Ex-date: 6th February 2026 Payment date: 1st March 2026 Dividend yield will be 1.9%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (27% payout ratio) and is expected to be well covered in 3 years' time (29% forecast payout ratio). The dividend has increased by an average of 1.8% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 29% over the next 3 years, which should provide support to the dividend and adequate earnings cover. 공고 • Jan 28
Wells Fargo & Company Declares Quarterly Common Stock Dividend, Payable on March 1, 2026 Wells Fargo & Company announced its board of directors approved a quarterly common stock dividend of $0.45 per share, payable March 1, 2026, to stockholders of record on Feb. 6, 2026. 공고 • Jan 26
Wells Fargo & Company Appoints Faraz Shafiq as Head of AI Products and Solutions, Effective February 9, 2026 Wells Fargo & Company announced the appointment of Faraz Shafiq as Head of AI Products and Solutions, effective February 9, 2026. This move demonstrates the bank’s commitment to leveraging artificial intelligence (AI) to shape the future of financial services and transform how it works to deliver for employees, customers, and communities. Shafiq will report to Saul Van Beurden, Head of AI and Co-CEO of Consumer Banking and Lending, and work out of San Francisco. With more than 15 years of experience in technology leadership and product innovation across notable companies like Amazon Web Services, Verizon, AT&T, and Google, Shafiq will oversee the vision, roadmap, and development for enterprise-wide, AI-powered products. Reported Earnings • Jan 14
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: US$6.34 (up from US$5.43 in FY 2024). Revenue: US$80.0b (up 2.7% from FY 2024). Net income: US$20.3b (up 9.0% from FY 2024). Profit margin: 25% (up from 24% in FY 2024). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 7.3% p.a. on average during the next 2 years, compared to a 8.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. 공고 • Dec 05
A $33 Million Global Settlement Has Been Reached in A Pair of Consolidated Lawsuits Against Wells Fargo & Company and Wells Fargo Bank, N.A Wells Fargo & Company announced a $33 million global settlement has been reached in a pair of consolidated lawsuits against Wells Fargo & Company and Wells Fargo Bank, N.A. (together, "Defendants"), including a class action filed on behalf of consumers by various individuals and another lawsuit filed by a court-appointed receiver. These lawsuits allege that Defendants assisted the "Apex Entities," "Triangle Entities," and "Tarr Entities" (which misled consumers into monthly subscriptions and products), by opening bank accounts for dozens of companies and transferring millions of dollars into their third-party bank accounts. Defendants deny all of the claims in the lawsuits and deny any wrongdoing or liability. Plaintiffs and Defendants do not agree about the claims or allegations made in this lawsuit. The lawsuit has not gone to trial, and the Court has not decided whether Plaintiffs' claims have merit, and has not decided whether Plaintiffs or Defendants are right, or what, if any damages might be awarded if Plaintiffs are right. Plaintiffs and Defendants have agreed to a settlement, subject to the Court's approval, to avoid the uncertainty, burden, and expense of further protracted litigation. The Court has appointed lawyers from Glancy Prongay & Murray LLP to serve as Class Counsel. They will request to be paid legal fees and expenses in pursuing these lawsuits. The Court will hold a Final Approval Hearing on March 26, 2026, at Carter-Keep Courthouse, 333 W. Broadway, Courtroom 14A, San Diego, CA 92101. At that hearing, the Court will hear any objections concerning the fairness of the Settlement and decide whether to approve Class Counsel's requested attorneys' fees and expenses, and the requested service awards to the Class Representatives. The date of the hearing may change without further notice. 공고 • Nov 22
Wells Fargo & Company Announces Management Changes Wells Fargo & Company has named Tim Froehlich as head of Investment Products within its Wealth & Investment Management (WIM) business, effective January 1, 2026. Froehlich will succeed Patty Loepker who, after more than 40 years of service, will retire on March 1, 2026. Froehlich will lead strategy and development of WIM's investment offerings including advisory, packaged products, alternative investments, insurance, and annuities. In the role, he will manage the product platform, ensuring innovation that aligns with client needs, regulatory requirements, and market trends. He will define the roadmap, launch new solutions, and enhance existing programs to deliver a best-in-class experience. Froehlich will report to Darrell Cronk, WIM chief investment officer. Froehlich most recently led Insurance, Annuities, and Market-Linked Investments within WIM and previously co-led the Alternative Investments Group. He joined the company in 2002 after five years with ING Broker/Dealer Network. A CFA charterholder, he earned a Bachelor of Science in Business Administration from the University of Richmond. Froehlich and Loepker will overlap in the role for two months. 공고 • Nov 21
Wells Fargo & Company Announces Executive Exchanges Wells Fargo & Company announced that Saul Van Beurden, currently CEO of Consumer and Small Business Banking, will lead Artificial Intelligence for the company. In addition, Kleber Santos, currently CEO of Consumer Lending, will take on expanded responsibilities and serve as co-CEO of Consumer Banking and Lending with Mr. Van Beurden. Mr. Santos and Mr. Van Beurden have been working closely for some time to deliver a seamless experience for consumers; therefore, naming them co-CEOs and combining the businesses formally is a natural out-growth of how they work today. The partnership will also allow Mr. Van Beurden to spend a meaningful portion of his time driving AI across the company. Declared Dividend • Oct 31
Third quarter dividend of US$0.45 announced Shareholders will receive a dividend of US$0.45. Ex-date: 7th November 2025 Payment date: 1st December 2025 Dividend yield will be 2.0%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (27% payout ratio) and is expected to be well covered in 3 years' time (28% forecast payout ratio). The dividend has increased by an average of 2.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover. 공고 • Oct 29
Wells Fargo & Company Approves Quarterly Common Stock Dividend, Payable on December 1, 2025 Wells Fargo & Company announced its board of directors approved a quarterly common stock dividend of $0.45 per share, payable December 1, 2025, to stockholders of record on November 7, 2025. 공고 • Oct 17
Scott+Scott Files Lawsuit Against Jpmorgan Chase, Bank of America, Wells Fargo, Citibank, U.S. Bank, Pnc, and Truist Scott+Scott Attorneys at Law LLP filed a class action lawsuit on behalf of two California and Colorado residents against some of the nation’s leading banks, including JPMorgan Chase, Bank of America, Wells Fargo, Citibank, U.S. Bank, PNC, and Truist. The lawsuit of nationwide significance was filed in the United States District Court for the District of Connecticut and alleges that the largest U.S. banks conspired to fix, raise, and stabilize the rate charged to their most creditworthy customers for short-term loans, commonly referred to as “prime rates.” These prime rates, which control the interest rates on millions of consumer and small-business loans, are collected and regularly published by The Wall Street Journal as the Wall Street Journal Prime Rate (“WSJ Prime Rate”). The WSJ Prime Rate, in turn, governs the interest rates most Americans pay on their credit cards and home equity loans. The litigation alleges that by coordinating their interest rates for prime customers, defendant banks not only charged their prime loan customers supracompetitive rates, but also artificially inflated interest rates for millionsof loans explicitly tied to the WSJ Prime Rate, reaping billions in profits. The antitrust class action lawsuit alleges conspiracy and rate fixing related to a variety of financial products, including HELOC (Home Equity Lines of Credit) and Consumer Credit Cards. The case is: Normandin et al. v. JP Morgan Chase Bank, N. A et al. No. 3:25-cv-01749, (D. CT). Reported Earnings • Oct 14
Third quarter 2025 earnings: EPS and revenues exceed analyst expectations Third quarter 2025 results: EPS: US$1.68 (up from US$1.43 in 3Q 2024). Revenue: US$20.8b (up 7.5% from 3Q 2024). Net income: US$5.34b (up 10% from 3Q 2024). Profit margin: 26% (in line with 3Q 2024). Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 7.4%. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. 공고 • Oct 14
Wells Fargo & Company Announces Board Appointments, Effective October 14, 2025 Wells Fargo & Company announced that Effective October 14, 2025, the Wells Fargo Board of Directors appointed Charlie Scharf as Chairman of the Board. Additionally, Steven Black was named as the Lead Independent Director. Buy Or Sell Opportunity • Oct 08
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 3.2% to US$79.73. The fair value is estimated to be US$100, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 15%. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 9.7% in the next 2 years. 공고 • Aug 12
Kessler Topaz Meltzer & Check, LLP Announces Pendency of Class Action Involving Purchasers of Wells Fargo & Company Common Stock Pursuant to Federal Rule of Civil Procedure 23 and by Order of the United States District Court for the Northern District of California, that the above- captioned action ("Action") against Wells Fargo & Company and its executive officers Charles W. Scharf, Kleber R. Santos, and Carly Sanchez (together with Wells Fargo, "Defendants"), has been certified as a class action on behalf of the following Class: All persons and entities who purchased or otherwise acquired Wells Fargo common stock between February 24, 2021 and June 9, 2022, inclusive, and were damaged thereby. The Court has appointed SEB Investment Management AB and West Palm Beach Firefighters' Pension Fund as Class Representatives and Kessler Topaz Meltzer & Check, LLP as Class Counsel. The Action has not been adjudicated or settled. This notice is not an admission by Defendants or an expression of any opinion by the Court as to the merits of the Action, or a finding by the Court that the claims asserted by Class Representatives in the Action are valid. This notice is not a settlement notice and is intended only to inform members of the Class that the Action is currently in progress. Declared Dividend • Aug 01
Second quarter dividend increased to US$0.45 Dividend of US$0.45 is 13% higher than last year. Ex-date: 8th August 2025 Payment date: 1st September 2025 Dividend yield will be 2.1%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (27% payout ratio) and is expected to be well covered in 3 years' time (30% forecast payout ratio). The dividend has increased by an average of 2.5% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. 공고 • Aug 01
Wells Fargo & Company Announces Board of chairman Changes Wells Fargo & Company announced that the Board of Directors of Wells Fargo intends to appoint Charlie Scharf, Chief Executive Officer, Wells Fargo, as Chairman of the Board. When Mr. Scharf becomes Chairman, the Board intends to appoint a Lead Independent Director to support the Board’s continued independent oversight. Steven Black, current Chairman of the Board. 공고 • Jul 29
Wells Fargo & Company Declares Common Stock Dividend, Payable on September 1, 2025 Wells Fargo & Company announced its board of directors approved a quarterly common stock dividend of $0.45 per share, payable September 1, 2025, to stockholders of record on August 8, 2025. The third quarter dividend represents an increase of $0.05 per share, or 12.5%, from the prior quarter. Reported Earnings • Jul 16
Second quarter 2025 earnings: EPS exceeds analyst expectations Second quarter 2025 results: EPS: US$1.61 (up from US$1.35 in 2Q 2024). Revenue: US$19.8b (up 1.9% from 2Q 2024). Net income: US$5.21b (up 12% from 2Q 2024). Profit margin: 26% (up from 24% in 2Q 2024). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 14%. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. 공고 • Jul 11
Wells Fargo & Company Appints Tim Ruby as Head of Healthcare, Higher Education and Not-For-Profit Banking Nationwide Wells Fargo Company has said that Tim Ruby has been appointed as division executive for the Healthcare, Higher Education, and Not-for-Profit division (HHN). his role based in Chicago, Ruby will manage relationships with HHN clients nationwide in the nonprofit hospitals, nonprofit insurers, public and private higher education institutions, and a wide range of nonprofit organisations. He will report to Phil Smith, vice chair of Specialised Industries, a business line within Commercial Banking. Ruby replaces Bill Morgan, who retired after a 40-year career in financial services. HHN is part of Wells Fargo Commercial Banking's Specialised Industries group, led by Mary Katherine DuBose. In addition to HHN, DuBose oversees the bank's specialised teams covering clients in the Beverage, Commercial Auto, Commodity, Financial Sponsors, Food Agribusiness, Franchise, Gaming, Government, Healthcare, Sports, and Technology sectors. Ruby was most recently with Bank of America, where he served as market executive for its Midwest Healthcare, Education, and Non-Profit division. In this role, he led a team of relationship managers across 10 states, supporting health systems, senior living communities, higher education institutions, and nonprofit clients. Prior to joining Bank of America, he spent three decades at J.P. Morgan Chase and its predecessors in leadership roles within Commercial Banking, including over 20 years in the healthcare, higher education, and nonprofit sector. 공고 • Jul 02
Wells Fargo & Company Provides Dividend Guidance for the Third Quarter 2025 on Common Stock Dividend Wells Fargo & Company announced that it expects to increase its third quarter 2025 common stock dividend by 12.5% to $0.45 per share from $0.40 per share, subject to approval by the Company’s Board of Directors at its regularly scheduled meeting in July. 공고 • May 31
GATX Corporation (NYSE:GATX) and Brookfield Infrastructure Partners L.P. (NYSE:BIP) entered into a definitive agreement to acquire Rail Assets of Wells Fargo & Company (NYSE:WFC) for $4.4 billion. GATX Corporation (NYSE:GATX) and Brookfield Infrastructure Partners L.P. (NYSE:BIP) entered into a definitive agreement to acquire Rail Assets of Wells Fargo & Company (NYSE:WFC) for $4.4 billion on May 29, 2025. The sale includes Wells Fargo's entire portfolio of rail operating lease assets. Wells Fargo Securities, LLC, BofA Securities, MUFG Bank Ltd., and Sumitomo Mitsui Banking Corporation (SMBC) are providing the joint venture with a fully underwritten $3.2 billion 5-year unsecured term loan and a $250 million unsecured revolving credit facility. The transaction is subject to customary closing conditions, including required regulatory approvals and clearances, and it is expected to close in the first quarter of 2026 or sooner. Wells Fargo Securities, LLC served as exclusive financial advisor, and Simpson Thacher & Bartlett, LLP served as legal counsel to Wells Fargo in connection with the transaction. BofA Securities acted as the sole financial advisor to GATX and Brookfield Infrastructure. Mayer Brown is serving as legal counsel to GATX. Otness, Eric C, Perez, Ralph E, Brill, Jeffrey A, Reed, Michael, Romero, Jeff A, Wagener, David M, Schwartz, Kenneth B, Moniri, Aryan, Kumayama, Ken D of Skadden, Arps, Slate, Meagher & Flom LLP is serving as legal counsel to Brookfield Infrastructure. Declared Dividend • May 02
First quarter dividend of US$0.40 announced Shareholders will receive a dividend of US$0.40. Ex-date: 9th May 2025 Payment date: 1st June 2025 Dividend yield will be 2.2%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (28% payout ratio) and is expected to be well covered in 3 years' time (30% forecast payout ratio). The dividend has increased by an average of 1.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 13
First quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behind First quarter 2025 results: EPS: US$1.41 (up from US$1.21 in 1Q 2024). Revenue: US$19.2b (down 3.6% from 1Q 2024). Net income: US$4.62b (up 7.0% from 1Q 2024). Profit margin: 24% (up from 22% in 1Q 2024). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) exceeded analyst estimates by 13%. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 10% per year. 공고 • Mar 21
Wells Fargo & Company, Annual General Meeting, Apr 29, 2025 Wells Fargo & Company, Annual General Meeting, Apr 29, 2025. Recent Insider Transactions Derivative • Mar 09
President exercised options and sold US$12m worth of stock On the 5th of March, Charles Scharf exercised options to acquire 170k shares at no cost and sold these for an average price of US$73.30 per share. This trade did not impact their existing holding. For the year to December 2019, Charles' total compensation was 10% salary and 90% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since December 2024, Charles' direct individual holding has increased from 858.97k shares to 919.24k. Company insiders have collectively sold US$63m more than they bought, via options and on-market transactions in the last 12 months. Reported Earnings • Feb 27
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: US$5.43 (up from US$4.88 in FY 2023). Revenue: US$78.0b (up 1.0% from FY 2023). Net income: US$18.6b (up 3.5% from FY 2023). Profit margin: 24% (in line with FY 2023). Net interest margin (NIM): 2.73% (down from 3.06% in FY 2023). Cost-to-income ratio: 66.0% (down from 67.0% in FY 2023). Non-performing loans: 0.85% (down from 0.88% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.1%. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 14% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions Derivative • Feb 09
President exercised options and sold US$5.1m worth of stock On the 5th of February, Charles Scharf exercised options to acquire 64k shares at no cost and sold these for an average price of US$79.47 per share. This trade did not impact their existing holding. For the year to December 2019, Charles' total compensation was 10% salary and 90% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Charles' direct individual holding has increased from 800.18k shares to 858.97k. Company insiders have collectively sold US$80m more than they bought, via options and on-market transactions in the last 12 months. Declared Dividend • Jan 31
Fourth quarter dividend of US$0.40 announced Shareholders will receive a dividend of US$0.40. Ex-date: 7th February 2025 Payment date: 1st March 2025 Dividend yield will be 2.0%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (28% payout ratio) and is expected to be well covered in 3 years' time (29% forecast payout ratio). The dividend has increased by an average of 1.3% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 34% over the next 3 years, which should provide support to the dividend and adequate earnings cover. 공고 • Jan 31
Wells Fargo & Company Announces Change of Co-CEO of Corporate & Investment Banking Wells Fargo & Company announced that Jon Weiss, Co-CEO of Corporate & Investment Banking (CIB), has informed the company of his intention to retire. Weiss, who has been with Wells Fargo for nearly 20 years, will step down as Co-CEO effective immediately and will formally retire on June 1, 2025. Fernando Rivas, who joined Wells Fargo in May 2024 as Co-CEO of CIB, will become CIB’s sole CEO. Weiss started his career with Wells Fargo in 2005 in Investment Banking. In 2008, he became Co-Head of the Investment Banking & Capital Markets division and in 2014 he became President and Head of Wells Fargo Securities. In 2017, he was named Head of Wealth & Investment Management, a position he held until February 2020 when he was named CEO of Corporate & Investment Banking. Price Target Changed • Jan 29
Price target increased by 7.1% to US$82.76 Up from US$77.30, the current price target is an average from 21 analysts. New target price is 6.3% above last closing price of US$77.88. Stock is up 52% over the past year. The company is forecast to post earnings per share of US$5.82 for next year compared to US$5.43 last year. 공고 • Jan 29
Wells Fargo & Company Announces Common Stock Dividend, Payable on March 1, 2025 Wells Fargo & Company announced its board of directors approved a quarterly common stock dividend of $0.40 per share, payable March 1, 2025, to stockholders of record on Feb. 7, 2025. 공고 • Jan 21
Wells Fargo & Company Announces Executive Changes Wells Fargo & Company announced that Ed Olebe has been named the company’s new head of Cards and Merchant Services, effective immediately. Olebe joins Wells Fargo from JPMorgan Chase, where he served as president of Branded Cards. Olebe brings more than 25 years of financial services and credit card experience to Wells Fargo. Before his role as president of Branded Cards at JPMorgan Chase, he led Chase’s Co-Branded Cards, Ultimate Rewards and Loyalty Services, and Digital for Cards, Auto, and Home Lending. Prior to Chase, Olebe was co-founder and CEO of Grasp Mobile Commerce. Earlier in his career, he also worked at Mastercard, where he held leadership roles in digital payments and consumer credit, and with American Express, where he directed products and partnerships. Olebe succeeds Ray Fischer, who last year informed leadership of his decision to retire. Since joining Wells Fargo in 2019, Fischer has transformed the credit card business, driving the launch of the company’s new suite of credit card products that offer value and simplicity, as well as the Merchant Services business, ensuring Wells Fargo has the core capabilities to offer best-in-class card payment solutions to businesses of all sizes. Reported Earnings • Jan 15
Full year 2024 earnings: EPS exceeds analyst expectations Full year 2024 results: EPS: US$5.43 (up from US$4.88 in FY 2023). Revenue: US$78.0b (up 1.0% from FY 2023). Net income: US$18.6b (up 3.5% from FY 2023). Profit margin: 24% (in line with FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 1.1%. Revenue is forecast to grow 5.7% p.a. on average during the next 2 years, compared to a 6.2% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 11% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Oct 25
Third quarter dividend of US$0.40 announced Shareholders will receive a dividend of US$0.40. Ex-date: 8th November 2024 Payment date: 1st December 2024 Dividend yield will be 2.3%, which is lower than the industry average of 3.2%. Sustainability & Growth Dividend is well covered by earnings (30% payout ratio) and is expected to be well covered in 3 years' time (32% forecast payout ratio). The dividend has increased by an average of 2.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. 공고 • Oct 25
Wells Fargo & Company Announces Common Stock Dividend, Payable on Dec. 1, 2024 Wells Fargo & Company announced its board of directors approved a quarterly common stock dividend of $0.40 per share, payable Dec. 1, 2024, to stockholders of record on Nov. 8, 2024. Recent Insider Transactions Derivative • Oct 24
President exercised options and sold US$4.6m worth of stock On the 21st of October, Charles Scharf exercised options to acquire 72k shares at no cost and sold these for an average price of US$64.02 per share. This trade did not impact their existing holding. For the year to December 2019, Charles' total compensation was 10% salary and 90% other compensation. This indicates that these sales could comprise a meaningful part of their income for the year. Since March 2024, Charles has owned 800.18k shares directly. Company insiders have collectively sold US$68m more than they bought, via options and on-market transactions in the last 12 months. Recent Insider Transactions • Oct 16
Insider recently sold US$2.2m worth of stock On the 14th of October, Saul Van Beurden sold around 35k shares on-market at roughly US$61.99 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of US$2.0m more than they bought in the last 12 months. Reported Earnings • Oct 11
Third quarter 2024 earnings: EPS exceeds analyst expectations Third quarter 2024 results: EPS: US$1.43 (down from US$1.49 in 3Q 2023). Revenue: US$19.3b (down 1.8% from 3Q 2023). Net income: US$4.85b (down 11% from 3Q 2023). Profit margin: 25% (down from 28% in 3Q 2023). The decrease in margin was primarily driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10%. Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 6.3% growth forecast for the Banks industry in the US. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 8% per year. 공고 • Oct 08
Wells Fargo & Company Announces Management Changes Wells Fargo & Company named Elena M. Gallo as Government Banking Division Executive. Gallo, a 35-year financial services veteran, succeeds Mara Holley, who is retiring after leading Government Banking since 2015. Gallo is based in New York. Gallo has served as Northeast market executive for Government Banking since 2019, leading a team of relationship managers from Virginia to Maine. They serve the financial needs of federal and state agencies and authorities, water districts, and school districts. In her new role, Gallo will lead Government Banking nationwide for Wells Fargo’s Commercial Banking division, serving more than 3,000 government agencies, public utilities, transportation, and housing authorities in 43 states. Gallo joined Wells Fargo in 2003 in treasury management sales and became Northeast Regional vice president in 2017. Before that, she worked more than a decade at JPMorgan Chase. A native of New York, Gallo earned a bachelor’s degree in business administration from Wagner College on Staten Island. 
