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 ...

NEW YORK, NEW YORK - MAY 17: President and CEO of Wells Fargo Charlie Scharf attends The Future of Everything presented by the Wall Street Journal at Spring Studios on May 17, 2022 in New York City. (Photo by Steven Ferdman/Getty Images)Wells Fargo said Thursday one of its primary regulators has lifted a key penalty tied to its 2016 fake accounts scandal.The bank said in a release that the Office of the Comptroller of the Currency terminated a consent order that forced it to revamp how it sells its retail p ...

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo today confirmed that the Office of the Comptroller of the Currency (OCC) terminated a consent order it issued in 2016 regarding sales practices misconduct. The consent order required Wells Fargo to revamp how it offers and sells products and services to consumers and take additional actions to protect its customers and employees. Charlie Scharf, Wells Fargo’s CEO, who joined the company in 2019, said of today’s news: “I have repeatedly said that implementing a ...

Wells Fargo (WFC) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this biggest U.S. mortgage lender have returned +3% over the past month versus the Zacks S&P 500 composite's +3.7% change. The Zacks Banks - Major Regional industry, to which Wells Fargo belongs, has gained 0.6% over this period. Now the key question is: Where could the stock be headed in t ...

Wells Fargo (WFC 0.88%) stock has surged more than 20% over the past 90 days, recently topping the $50 mark to reach its highest levels since early 2022.Plenty of good news fueled the rise, but it's hard not to notice the spiking valuation. While the stock looks expensive compared to its recent past, there's more to this story than meets the eye.Is Wells Fargo stock still a buy after the latest surge?Good news is to blameMany bank stocks surged in recent months after the Federal Reserve signaled an end to r ...