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Wells Fargo & Co (WFC.N)

WFC.N on New York Stock Exchange

51.68USD
18 Aug 2017
Change (% chg)

$-0.12 (-0.23%)
Prev Close
$51.80
Open
$51.61
Day's High
$52.14
Day's Low
$51.39
Volume
5,564,364
Avg. Vol
5,043,683
52-wk High
$59.99
52-wk Low
$43.55

Latest Key Developments (Source: Significant Developments)

Wells Fargo promotes investor relations head Jim Rowe
Thursday, 6 Jul 2017 04:00pm EDT 

July 6 (Reuters) - Wells Fargo & Co ::Wells Fargo forms new stakeholder relations group.Wells Fargo & Co - investor relations head Jim Rowe promoted to lead new organization.Wells Fargo & Co - ‍investor relations head Jim Rowe promoted to lead new organization​.Wells Fargo & Co - stakeholder relations will be a part of company's chief administrative office, led by hope hardison.Wells Fargo & Co - ‍new stakeholder relations group will include investor relations (ir), which moves from enterprise finance & information technology​.Wells Fargo & Co - Rowe is in process of naming a new director of investor relations.Wells Fargo & Co - changes are effective immediately.Wells Fargo & Co - ‍stakeholder relations group will partner with other groups to build and execute fully-integrated stakeholder relations program​.Wells Fargo & Co - ‍new stakeholder relations group will also include corporate communications and government relations & public policy​.  Full Article

Wells Fargo enters support agreement with WFC Holdings
Wednesday, 28 Jun 2017 05:18pm EDT 

June 28 (Reuters) - Wells Fargo & Co ::Wells Fargo & Co-on June 28, 2017, in connection with resolution plan, or so-called "living-will", co entered support agreement with WFC Holdings, among others‍​ ‍​.Wells Fargo - transferring assets, including majority of its cash, deposits, liquid securities and intercompany loans to Wfc Holdings, Llc.Wells Fargo - in event of co's material financial distress or failure, WFC Holdings to be obligated to use transferred assets to provide capital to co.Wells Fargo & Co says WFC Holdings will also provide funding and liquidity to co through subordinated notes and a committed line of credit - SEC filing.Wells Fargo - if some liquidity, capital metrics fall below defined triggers, subordinated notes would be forgiven, committed line of credit would terminate.Wells Fargo & Co - co's and WFC Holdings' respective obligations under support agreement are secured pursuant to a related security agreement ​.  Full Article

Wells Fargo receives no objection to its 2017 capital plan
Wednesday, 28 Jun 2017 04:34pm EDT 

June 28 (Reuters) - Wells Fargo & Co :Wells Fargo receives no objection to its 2017 capital plan.Wells Fargo & Co - expects to increase q3 2017 common stock dividend to $0.39 per share from $0.38 per share.Wells Fargo & Co - plan also includes up to $11.5 billion of common stock repurchases.  Full Article

Wells Fargo to sell commercial insurance business to USI Insurance Services
Tuesday, 27 Jun 2017 09:00am EDT 

June 27 (Reuters) - Wells Fargo & Co :Wells Fargo agrees to sell commercial insurance business to USI Insurance Services.Says ‍terms of transaction, which is expected to close in Q4, were not disclosed​.Wells Fargo & Co- WFIS's annual operating results are not material to Wells Fargo.Wells Fargo & Co - in conjunction with sale of commercial brokerage business, personal insurance business will report into consumer lending.  Full Article

Wells Fargo says Mike Mayo to join Wells Fargo securities' equity research team
Monday, 12 Jun 2017 09:00am EDT 

June 12 (Reuters) - Wells Fargo & Co ::Mike Mayo to join Wells Fargo securities’ equity research team.Wells Fargo Securities says Mayo to lead coverage of U.S. large-cap banks​.  Full Article

Wells Fargo announces new regional structure for Business Banking Group
Monday, 5 Jun 2017 10:19am EDT 

June 5 (Reuters) - Wells Fargo & Co ::Wells Fargo announces new regional structure for Business Banking Group.Business adds four new regions; announces new national industry group​.New structure now includes East, Midwest, Mountain, Northeast, Pacific Northwest, Socal Nevada and Southwest regions.‍wells Fargo's Business Banking Group has moved from three to seven regions, with a banking leader appointed for each​.  Full Article

Walter Dolhare, Robert Engel to co-lead Wells Fargo Securities
Monday, 5 Jun 2017 08:30am EDT 

June 5 (Reuters) - Wells Fargo & Co ::Walter Dolhare and Robert Engel to co-lead Wells Fargo Securities.Wells Fargo - appointment follows promotion of Jonathan Weiss, former head of WFS, to succeed David Carroll as head of wealth and investment management.Wells Fargo & Co - Dolhare and Engel will continue to oversee markets division and IBCM, respectively.  Full Article

Wells Fargo's David Carroll to retire
Thursday, 1 Jun 2017 08:30am EDT 

June 1 (Reuters) - Wells Fargo & Co ::Wells Fargo's David M. Carroll to retire.Wells Fargo & Co - ‍Jonathan G. Weiss to lead wealth and investment management, join operating committee​.Wells Fargo & Co says Carroll will continue in his role until July 1 and remain with company until July 31, 2017 to ensure a smooth transition.Wells Fargo & co-perry pelos, head of wholesale banking,expects to announce his plans for leadership of wells fargo securities prior to weiss' transition.  Full Article

Wells Fargo announces enhancements to Receivables Manager service
Friday, 19 May 2017 11:00am EDT 

May 19 (Reuters) - Wells Fargo & Co ::Wells Fargo helps automates accounts receivables.Announced enhancements to Receivables Manager service offered to treasury management customers.  Full Article

Wells Fargo updates on potential litigation losses as of March 31
Friday, 5 May 2017 03:32pm EDT 

May 5 (Reuters) - Wells Fargo & Co ::High end of range of potential litigation losses in excess of company's liability for estimable losses about $2 billion as of March 31 - SEC filing.  Full Article

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Wells Fargo troubles shift from phony bank accounts to real ones

After paying customers millions of dollars for opening phony accounts they did not want, Wells Fargo & Co has said it is now grappling with the possibility it harmed customers by closing real accounts they needed, leaving them without access to funds.