Wells Fargo & Company's Stock Analysis

Wells Fargo Issues $6.0 Billion in Medium-Term Notes

Wells Fargo & Company has issued a total of $6.0 billion in Medium-Term Notes as part of its ongoing financing strategy. This includes $2.25 billion in Senior Redeemable Fixed-to-Floating Rate Notes due in 2029, $500 million in Senior Redeemable Floating Rate Notes also due in 2029, and $3.25 billion in Senior Redeemable Fixed-to-Floating Rate Notes due in 2032.

The filing includes the form of the Notes related to each issuance and an opinion from Faegre Drinker Biddle & Reath LLP regarding the Notes. These documents have been filed with the Securities and Exchange Commission as part of the company's compliance with regulatory requirements.

May 20, 2026 17:05:46

Wells Fargo Shareholder Meeting Approves Key Executive Compensation Plans

At the 2026 Shareholder Meeting, Wells Fargo shareholders approved an amendment and restatement of the Company’s 2022 Long-Term Incentive Plan, which includes material terms and conditions detailed in the Proxy Statement. Additionally, shareholders elected all 12 director nominees and approved the advisory compensation for the Company’s named executives, along with the ratification of KPMG LLP as the independent registered public accounting firm for 2026.

Six shareholder proposals were presented but did not receive majority support. These included requests for the Board to adopt a policy for an independent chair and various reports related to governance and financing risks. The voting results for each item were documented, indicating the level of shareholder engagement and support for the Company's governance decisions.

Apr 30, 2026 16:44:19

Wells Fargo Shareholder Meeting Approves Key Executive Compensation Plans

At the 2026 Shareholder Meeting, Wells Fargo shareholders approved an amendment and restatement of the Company's 2022 Long-Term Incentive Plan. This decision is outlined in the definitive proxy statement filed with the Securities and Exchange Commission and includes details on the plan's terms and conditions. Additionally, shareholders voted to elect all 12 director nominees, approved executive compensation on an advisory basis, and ratified the appointment of KPMG LLP as the independent registered public accounting firm for 2026.

Six shareholder proposals were presented during the meeting but did not receive majority support. These proposals included requests for the Board to adopt a policy for an independent chair and to report on various issues, such as high-carbon financing litigation risk and vendor civil liberties. The voting results reflected a clear preference for the board's recommendations, with all director nominees receiving more votes in favor than against their election.

Apr 30, 2026 16:44:19

Wells Fargo Reports First Quarter 2026 Financial Results

Wells Fargo & Company announced its financial results for the first quarter of 2026, highlighting a 5% increase in net interest income and an 8% rise in noninterest income compared to the same period in 2025. The company repurchased 46.3 million shares, totaling $4.0 billion, and recorded $135 million in discrete tax benefits. Noninterest expenses rose by 3%, primarily due to increased compensation and advertising costs, while the provision for credit losses showed a modest increase reflecting higher balances in commercial and industrial loans.

The company reported a slight rise in commercial net loan charge-offs and an increase in consumer net loan charge-offs, with nonperforming assets up by $265 million. Segment performance varied, with Consumer Banking and Lending revenues increasing by 7% and Commercial Banking revenues also up by 7%. However, Corporate and Investment Banking experienced a mixed performance, with revenues rising by 4% overall but showing a decline in commercial real estate revenue due to prior gains from asset sales.

Apr 14, 2026 06:28:12

Wells Fargo Issues New Series GG Preferred Stock Shares

Wells Fargo Company has authorized the issuance of a new series of Preferred Stock, designated as '6.125% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series GG.' This series allows for the issuance of up to 90,000 shares, each with a liquidation preference of $25,000. The specific rights and preferences of the Series GG shares are outlined in a Certificate of Designation filed with the Delaware Secretary of State on March 16, 2026.

On March 18, 2026, Wells Fargo sold 2,250,000 Depositary Shares, each representing a 1/25th interest in a share of the Series GG Preferred Stock. The company has also filed various documents related to this transaction, including an Underwriting Agreement and a Deposit Agreement, as part of its registration process with the Securities and Exchange Commission.

Mar 18, 2026 16:10:40

Wells Fargo Eliminates Series BB Preferred Stock Designation

Wells Fargo & Company has filed a Certificate Eliminating the Certificate of Designation for its 3.90% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series BB. This action, effective as of March 17, 2026, removes all provisions related to the Series BB Preferred from the Company's Restated Certificate of Incorporation.

The filing with the Delaware Secretary of State indicates a formal conclusion of the Series BB Preferred designation, which was originally established on January 22, 2021. The Certificate Eliminating the Certificate of Designation is included as an exhibit in the filing.

Mar 17, 2026 16:10:07

Wells Fargo to Redeem Series BB Preferred Stock in March 2026

Wells Fargo & Company announced it will redeem all 140,400 outstanding shares of its 3.90% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series BB, on March 15, 2026, shifting to March 16, 2026, due to a non-business day. This action will also involve the redemption of 3,510,000 related depositary shares, with the redemption price set at $25,000 per preferred share and $1,000 per depositary share. After the redemption, no shares of the Series BB Preferred Stock or the Series BB Depositary Shares will remain outstanding.

The redemption coincides with the regular quarterly dividend payment date for the Series BB Preferred Stock and Depositary Shares, which will be paid separately to holders of record as of February 27, 2026. All regulatory requirements for the redemption have been met, and there are no restrictions on completing the transaction. Payments for the redeemed shares will be processed by the designated redemption agent on the specified redemption date.

Feb 25, 2026 08:19:47

Wells Fargo Establishes Medium-Term Note Programs for Funding

Wells Fargo & Company and Wells Fargo Finance LLC have initiated their Medium-Term Note Programs, Series AA and Series B, respectively. This move is part of their strategy to enhance funding options, as outlined in the filed Registration Statement on Form S-3 with the Securities and Exchange Commission.

The filing includes Distribution Agreements and global master notes for both series, which are essential components for the issuance of these medium-term notes. This development may impact the company's financial flexibility and investment strategies, potentially influencing investor interest.

Feb 13, 2026 14:00:43

Wells Fargo CEO Compensation and Performance Highlights for 2025

Wells Fargo & Company announced that its Board of Directors approved a total compensation package of $40 million for Chairman and CEO Charles W. Scharf for the performance year 2025. This decision followed a comprehensive assessment of both company and individual performance, highlighting key achievements such as closing seven regulatory consent orders, enhancing risk infrastructure, and improving financial metrics with net income reaching $21.3 billion and a 17% increase in diluted earnings per share compared to the previous year.

The company also reported a 5% growth in fee-based revenue and maintained strong capital levels, returning approximately $23 billion to shareholders through dividends and stock repurchases. Additionally, the return on equity increased to 12.4%, and a new medium-term target for return on average tangible common equity was established at 17-18%. Details regarding the executive compensation philosophy and practices will be included in the proxy statement for the 2026 shareholder meeting.

Jan 29, 2026 17:02:54

Wells Fargo Issues $8 Billion in Medium-Term Notes

Wells Fargo & Company has issued a total of $8 billion in Medium-Term Notes, Series Y, with varying maturity dates. The notes consist of $500 million in Senior Redeemable Floating Rate Notes due January 23, 2030, $2 billion in Senior Redeemable Fixed-to-Floating Rate Notes due January 23, 2030, $3.5 billion in Senior Redeemable Fixed-to-Floating Rate Notes due January 23, 2037, and $2 billion in Senior Redeemable Fixed-to-Floating Rate Notes due January 23, 2047.

The company has filed the related documents with the SEC, including the form of Note for each issuance and a legal opinion regarding the Notes. This filing is part of the company's ongoing compliance with the Securities Exchange Act of 1934.

Jan 23, 2026 16:10:11