NYSE:WFC

Flexible Financing to Provide Access to Rapidly Deployable EV Charging Stations Across the U.S.

Retrieved on: 
Wednesday, February 28, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240228629001/en/
    eSkid™ charging solution, a rapidly deployable EV charging platform utilizing ChargePoint hardware and software (Photo: Wells Fargo)
    Wells Fargo has worked with EnTech Solutions to create a financing program specifically for the eSkid™ charging solution, a rapidly deployable EV charging platform utilizing ChargePoint hardware and software.
  • Installing charging infrastructure can typically be costly and timely, but with EnTech Solutions’ eSkid charging solution and Wells Fargo’s flexible, customizable loan and lease options, businesses across the U.S. can embark on an affordable sustainability journey.
  • EnTech Solutions’ eSkid charging solution is a rapidly deployable EV charging station designed to drop in place, allowing businesses to offer charging within days of installation.
  • Flexible: Charging stations are impermanent and can be relocated as a business grows and evolves, an ideal solution for companies that lease their facility.

Doug Braunstein to Join Wells Fargo as Vice Chairman

Retrieved on: 
Tuesday, February 27, 2024

Wells Fargo & Company (NYSE:WFC) today announced that Doug Braunstein will join the company as Vice Chairman, effective February 28.

Key Points: 
  • Wells Fargo & Company (NYSE:WFC) today announced that Doug Braunstein will join the company as Vice Chairman, effective February 28.
  • At Wells Fargo, Doug will work alongside our business leaders and bankers on growing the company’s corporate finance and advisory businesses, while also providing counsel to Wells Fargo senior management on broader business issues.
  • View the full release here: https://www.businesswire.com/news/home/20240227742180/en/
    Wells Fargo Bank branch located in the Wells Fargo Center (Photo: Wells Fargo)
    Braunstein joins Wells Fargo with more than 35 years of industry experience, including nearly two decades at JPMorgan Chase (JPMC), where he held several executive management roles, including Chief Financial Officer and Vice Chairman.
  • In addition, the breadth of Doug’s experience means he’ll be an effective advisor to Wells Fargo’s senior management team on business issues beyond client development.”
    Doug Braunstein said, “I am truly excited to join Wells Fargo.

Two-thirds of Americans have decreased spending due to economy, Wells Fargo Money Study finds

Retrieved on: 
Tuesday, February 27, 2024

Thoughts and worries about money: Teenagers are concerned

Key Points: 
  • Thoughts and worries about money: Teenagers are concerned
    A majority of Americans (57%) say their money story is different from that of their parents.
  • Looking back, adults said they thought and worried about money a lot less when they were growing up compared to now.
  • “It may be time to flip the frame when we think of communicating about money in families: Usually we think of kids needing to listen to parents when it comes to money.
  • Four out of five (80%) would value having a bank help them feel more in control of their money.

Wells Fargo to Launch Autograph Journey(SM) Card Designed for Frequent Travelers

Retrieved on: 
Wednesday, March 6, 2024

SAN FRANCISCO, March 6, 2024 /PRNewswire/ -- Wells Fargo & Company (NYSE: WFC) announced today a new addition to the celebrated Autograph rewards card suite: Wells Fargo Autograph Journey℠ Visa® Card. Autograph Journey is designed for frequent travelers and complements Wells Fargo's other consumer credit cards offering customers real, transparent value no matter what they're looking for in their card. Cardholders receive accelerated earn on popular travel categories – unlimited 5x points on hotels, 4x points on airlines, 3x points on other travel and dining, and 1x points on other purchases – as well as a $50 annual statement credit for airfare purchases and industry-leading travel protection benefits.

Key Points: 
  • SAN FRANCISCO, March 6, 2024 /PRNewswire/ -- Wells Fargo & Company (NYSE: WFC) announced today a new addition to the celebrated Autograph rewards card suite: Wells Fargo Autograph Journey℠ Visa® Card.
  • Autograph Journey is designed for frequent travelers and complements Wells Fargo's other consumer credit cards offering customers real, transparent value no matter what they're looking for in their card.
  • The new $95 annual fee card is available in select Wells Fargo branches beginning March 9, and will be available nationwide online and in-branch starting March 20.
  • "Autograph Journey is Wells Fargo's best travel rewards card to date, designed to help cardholders build journeys as unique as they are by earning points wherever they book travel," said Krista Phillips, EVP, Head of Consumer Credit Cards and Enterprise Marketing at Wells Fargo.

Wells Fargo & Company Declares Cash Dividends on Preferred Stock

Retrieved on: 
Friday, February 16, 2024

Wells Fargo & Company (NYSE: WFC) today announced dividends on seven series of preferred stock.

Key Points: 
  • Wells Fargo & Company (NYSE: WFC) today announced dividends on seven series of preferred stock.
  • A quarterly cash dividend of $414.06 per share was declared on its 6.625% fixed-to-floating noncumulative perpetual class A preferred stock, Series R, liquidation preference $25,000 per share.
  • Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets.
  • News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories .

Wells Fargo to Present at the UBS Financial Services Forum

Retrieved on: 
Friday, February 16, 2024

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.

Key Points: 
  • 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.
  • View the full release here: https://www.businesswire.com/news/home/20240216575225/en/
    A replay of the webcast will be available for three months following the presentation.
  • Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets.
  • News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories .

WELLS FARGO ALERT: Bragar Eagel & Squire, P.C. is Investigating Wells Fargo & Company on Behalf of Long-Term Stockholders and Encourages Investors to Contact the Firm

Retrieved on: 
Friday, February 16, 2024

Our investigation concerns whether the board of directors of Wells Fargo have breached their fiduciary duties to the company.

Key Points: 
  • Our investigation concerns whether the board of directors of Wells Fargo have breached their fiduciary duties to the company.
  • In addition, at least one interviewer on the hiring panel must represent a historically underrepresented group with respect to at least one diversity dimension.
  • On this news, Wells Fargo’s common stock price fell $-.44 per share, or 1.04%, over two trading sessions, closing at $41.67 per share on May 20, 2022.
  • The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and compliance policies.

Wells Fargo Confirms Termination of 2016 OCC Sales Practices Consent Order

Retrieved on: 
Thursday, February 15, 2024

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.

Key Points: 
  • 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.
  • This is the sixth consent order that our regulators have terminated since 2019.
  • We are a stronger, better Wells Fargo for our customers and communities, and we will not lose sight of the remaining work to do.

Nasdaq Private Market Closes $62.4 Million Series B Financing, Led by Nasdaq, with New Investments from BNP Paribas, DRW Venture Capital, UBS, and Wells Fargo

Retrieved on: 
Thursday, February 8, 2024

The $62.4 million round was led by Nasdaq with participation from current investors including Allen & Company, Citi, and Goldman Sachs.

Key Points: 
  • The $62.4 million round was led by Nasdaq with participation from current investors including Allen & Company, Citi, and Goldman Sachs.
  • New investors in the Series B include BNP Paribas, DRW Venture Capital, UBS, and Wells Fargo.
  • NPM services some of the world’s most innovative private companies with their liquidity needs for employees and institutional investors.
  • Its Company Solutions business supports private companies using proprietary technology to facilitate tenders, auctions, and pre-direct listing programs.

Wells Fargo & Company Announces Full Redemption of its Series R Preferred Stock and Related Depositary Shares

Retrieved on: 
Tuesday, February 6, 2024

Wells Fargo & Company (NYSE: WFC) today announced that on March 15, 2024, it will redeem all 33,600 outstanding shares (the “Redeemed Series R Preferred Shares”) of its 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series R (the “Series R Preferred Stock”).

Key Points: 
  • Wells Fargo & Company (NYSE: WFC) today announced that on March 15, 2024, it will redeem all 33,600 outstanding shares (the “Redeemed Series R Preferred Shares”) of its 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series R (the “Series R Preferred Stock”).
  • The redemption of the Redeemed Series R Preferred Shares will trigger the redemption of the 33,600,000 outstanding shares of the related depositary shares (the “Redeemed Series R Depositary Shares”), each representing a 1/1,000 interest in a share of Series R Preferred Stock (the “Series R Depositary Shares”) (NYSE: WFC.PRR).
  • After giving effect to the redemption, no shares of the Series R Preferred Stock or the Series R Depositary Shares will remain outstanding.
  • All regulatory requirements relating to the redemption of the Redeemed Series R Preferred Shares and Redeemed Series R Depositary Shares have been satisfied by Wells Fargo & Company.