Wells Fargo (WFC) closed the latest trading day at $54.13, indicating a +0.5% change from the previous session's end. This move outpaced the S&P 500's daily loss of 0.38%. At the same time, the Dow lost 0.16%, and the tech-heavy Nasdaq lost 0.13%.Shares of the biggest U.S. mortgage lender have appreciated by 7.03% over the course of the past month, outperforming the Finance sector's gain of 3.85% and the S&P 500's gain of 4.74%.The investment community will be paying close attention to the earnings performa ...

Wells Fargo & Company (NYSE:WFC) UBS Financial Services Conference 2024 February 26, 2024 8:00 AM ET Company Participants Mike Santomassimo - Chief Financial Officer Conference Call Participants Erika Najarian - UBS Erika Najarian Well, good morning, everybody. How are you guys? Really excited to be kicking off the 25th anniversary of this long-running conference with the CFO of Wells Fargo, Mike Santomassimo, who arrive at the bank and has overseen a lot of the transformative changes that has fueled signif ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023 Commission File Number 001-2979 WELLS FARGO & COMPANY (Exact name of registrant as specified in its charter) Delaware No. 41-0449260 (State of incorporation) (I.R.S. Employer Identification No.) 420 Montgomery Street, San Francisco, California 94104 (Address of principal executive offices) (Zip code) ...

Wells Fargo & Company (WFC) has crossed a major regulatory hurdle with the termination of the consent order by Office of Comptroller of Currency (OCC). The order was issued back in September 2016 on revelation of opening of millions of unauthorized accounts leading to misconduct in the company’s sales practices.The consent order required WFC to revamp the procedures followed by the bank in offering and selling its products and services to customers. As the bank has been complying with laws and regulations, ...

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced dividends on seven series of preferred stock. A quarterly cash dividend of $18.75 per share was declared on its 7.50% noncumulative perpetual convertible class A preferred stock, Series L, liquidation preference $1,000 per share, which is traded on the New York Stock Exchange under the symbol “WFCPrL.” The Series L dividend is payable on March 15, 2024, to holders of record as of the close of business on Feb. 29, 2024. A qua ...

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) said today that Chief Financial Officer Mike Santomassimo will present at the UBS Financial Services Forum on Monday, Feb. 26, 2024 at 8:00 a.m. ET. The live webcast will be available online at https://www.wellsfargo.com/about/investor-relations/events/. A replay of the webcast will be available for three months following the presentation. About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has ...

Shares of Wells Fargo (WFC 7.71%) jumped Thursday after the company finally put the 2016 fake-account scandal behind it, as the Office of the Comptroller of the Currency (OCC) terminated a consent order it had issued in 2016 in response to Wells Fargo creating fake accounts in order to make sales quotas. As of 2:30 p.m. ET, the stock was up 7.5% on the news. Wells Fargo repairs its reputationCEO Charlie Scharf said in response to the announcement, "I have repeatedly said that implementing a risk control fra ...

The Office of the Comptroller of the Currency terminated a 2016 consent order against Wells Fargo.The consent order concerned deficiencies and unsafe or unsound practices in the bank’s risk management and sales practices, the OCC said in a Thursday (Feb. 15) press release.The OCC’s order terminating the consent order said “the OCC believes that the safety and soundness of the bank and its compliance with laws and regulations does not require the continued existence of the order.”Wells Fargo said in a Thursd ...

ToplineWells Fargo’s stock rose more than 7% at times Thursday afternoon following the resolution of a consent order placed on the bank for opening fake accounts in the past, after regulators determined sufficient improvements were made for protecting customers, though Wells Fargo still faces scrutiny for the yearslong scandal that tarnished its reputation.The bank made sufficient improvements to guard against customer harm, regulators said. Getty Images Key FactsThe Office of the Comptroller of the Currenc ...

Wells Fargo & Co.’s stock rose Thursday after the bank confirmed it satisfied requirements by federal regulators to overhaul aspects of its operations related to the fake bank accounts scandal, but the company still faces other pending actions. Wells Fargo WFC rose 6.9%, outpacing gains in the financial sector. Wells Fargo said the Office... Master your money. Subscribe to MarketWatch. Get this article and all of MarketWatch. Access from any device. Anywhere. Anytime. Subscribe Now Already a su ...