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Wells Fargo & Co (WFC.N)

WFC.N on New York Stock Exchange

48.12USD
25 Jul 2016
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$-0.20 (-0.41%)
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Latest Key Developments (Source: Significant Developments)

Wells Fargo issued $600 million floating rate notes and $3 billion 2.10% notes
Monday, 25 Jul 2016 02:00pm EDT 

Wells Fargo & Co : Says issued $600 million floating rate notes due July 26, 2016 and $3 billion 2.10% notes due July 26, 2016 - SEC Filing Source - http://bit.ly/29VkDv1 Further company coverage: [WFC.N] (Bengaluru Newsroom; +1 646 223 8780).  Full Article

Wells Fargo to buy a new building in London
Monday, 18 Jul 2016 07:00am EDT 

Wells Fargo & Co: Wells Fargo to purchase new building in London . Terms of transaction, including purchase price, were not disclosed .Company will consolidate London-based team members into a single new location in city's financial district.  Full Article

Fitch says Wells Fargo 2016 earnings demonstrate resiliency
Friday, 15 Jul 2016 02:17pm EDT 

Fitch:Wells Fargo 2Q'16 earnings demonstrate resiliency.  Full Article

Wells Fargo reports Q2 EPS of $1.01
Friday, 15 Jul 2016 08:03am EDT 

Wells Fargo & Co : Wells Fargo reports $5.6 billion in quarterly net income . Q2 earnings per share $1.01 . Q2 earnings per share view $1.01 -- Thomson Reuters I/B/E/S . Quarterly revenue rose 4 percent to $22.2 billion . Qtrly total average loans of $950.8 billion, up $80.3 billion, or 9 percent, from Q2 2015 . Says net interest income in Q2 2016 increased $66 million from Q1 2016 to $11.7 billion . Qtrly net charge-offs of $924 million, up $274 million from Q2 2015 on higher losses in oil and gas portfolio . Q2-end return on equity of 11.70 percent versus 11.75 percent at Q1-end . Qtrly mortgage banking noninterest income was $1.4 billion, down $184 million from Q1 2016 . Qtrly net interest margin was 2.86 percent, down 4 basis points from Q1 2016 . Qtrly net charge-offs were 0.39 percent of average loans (annualized), up from 0.30 percent . Q2-end common equity tier 1 ratio (fully phased-in) of 10.6 percent versus 10.6 percent at Q1-end . Qtrly residential mortgage loan originations were $63 billion in Q2, up $19 billion linked quarter . Q2 efficiency ratio of 58.1 percent, compared with 58.7 percent in Q1 . Total loans were $957.2 billion at June 30, 2016, up $9.9 billion, or 1 percent, from March 31, 2016 . Qtrly nonperforming assets decreased $433 million from Q1 2016 to $13.1 billion . Increased quarterly common stock dividend to $0.38 per share under company's 2015 comprehensive CCAR submission.  Full Article

Buffett's Berkshire applies to raise Wells Fargo holdings above 10 pct,but it doesn't intend to acquire more shares at present - CNBC
Friday, 1 Jul 2016 04:04pm EDT 

: Buffett's Berkshire applies to raise Wells Fargo holdings above 10 pct, but it doesn't intend to acquire more shares at present - CNBC Further company coverage: [BRKa.N] (Bengaluru Newsroom) ((+1 646 223 8780;)).  Full Article

Wells Fargo increases qtrly common stock dividend to $0.38 per share
Wednesday, 29 Jun 2016 04:57pm EDT 

Wells Fargo & Co : Wells Fargo receives no objection to its 2016 capital plan .Company increased its quarterly common stock dividend to $0.38 per share.  Full Article

Wells Fargo names Gene Peterson national food and agribusiness unit head
Thursday, 9 Jun 2016 09:00am EDT 

Wells Fargo & Co :Named Gene Peterson head of its national food and agribusiness division.  Full Article

Wells Fargo Securities names Alicia Reyes head of EMEA
Tuesday, 7 Jun 2016 04:30am EDT 

Wells Fargo & Co Full Article

Wells Fargo & Co announces increased dividend
Tuesday, 26 Apr 2016 02:16pm EDT 

Wells Fargo & Company:Says quarterly common stock dividend of $0.38 per share, an increase of a half-penny or 1 percent, per share from the prior quarter.Payable June 1, 2016, to stockholders of record on May 6, 2016, as approved today by the Wells Fargo board of directors.  Full Article

Wells Fargo & Co , R.I. agency charged with fraud for 38 Studios bonds-SEC - Reuters News
Monday, 7 Mar 2016 10:48am EST 

Wells Fargo & Co:The U.S. Securities and Exchange Commission, on Monday, charged a Wells Fargo & Co unit and Rhode Island Economic Development Corp with civil fraud stemming from a bond offering for 38 Studios, a now-bankrupt videogame company. - RTRS.Wells Fargo Securities and the economic development agency defrauded investors in order to finance the videogram startup, founded by former Boston Red Sox pitcher Curt Schilling.The SEC's charge arose from a $75 million bond offering that was part of a Rhode Island program intended to spur economic development and create jobs, the SEC said. A Wells spokesman was not immediately able to comment.  Full Article

BRIEF-Wells Fargo issued $600 million floating rate notes and $3 billion 2.10% notes

* Says issued $600 million floating rate notes due July 26, 2016 and $3 billion 2.10% notes due July 26, 2016 - SEC Filing Source - http://bit.ly/29VkDv1 Further company coverage: (Bengaluru Newsroom; +1 646 223 8780)