Key Developments: Wells Fargo & Co (WFC.N)

WFC.N on New York Stock Exchange

55.28USD
26 Dec 2014
Price Change (% chg)

-- (--)
Prev Close
$55.28
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
--
52-wk High
--
52-wk Low
--

Search Stocks

Latest Key Developments (Source: Significant Developments)

Wells Fargo Asset Management opens office in France-NewsManagers
Monday, 17 Mar 2014 08:00pm EDT 

Wells Fargo & Co:Company's asset management businesses Wells Fargo Asset Management opens new office in Paris, its first office in continental Europe - NewsManagers.Wells Fargo AM already manages 2 billion euros of assets in France.  Full Article

Wells Fargo & Co declares cash dividends on preferred stock
Monday, 17 Feb 2014 04:00pm EST 

Wells Fargo & Co:Declares a quarterly cash dividend of $20.00 per share was declared on its 8.00 pct non-cumulative perpetual class A preferred stock, Series J, liquidation preference $1,000 per share.Declares a quarterly cash dividend of $18.75 per share was declared on its 7.50 pct non-cumulative perpetual convertible class A preferred stock, Series L, liquidation preference $1,000 per share.Declares a quarterly cash dividend of $325.00 per share was declared on its 5.20% non-cumulative perpetual class A preferred stock, Series N, liquidation preference $25,000 per share.Declares a quarterly cash dividend of $320.31 per share was declared on its 5.125% non-cumulative perpetual class A preferred stock, Series O, liquidation preference $25,000 per share.Declares a quarterly cash dividend of $328.13 per share was declared on its 5.25% non-cumulative perpetual class A preferred stock, Series P, liquidation preference $25,000 per share.Declares a quarterly cash dividend of $365.63 per share was declared on its 5.85% non-cumulative perpetual class A preferred stock, Series Q, liquidation preference $25,000 per share.Declares a quarterly cash dividend of $400.26 per share was declared on its 6.625% non-cumulative perpetual class A preferred stock, Series R, liquidation preference $25,000 per share.Dividends on seven series of preferred stock will be payable on Mar. 17, to holders of record as of the close of business on Feb. 28.  Full Article

New York bank regulator stops Wells Fargo & Co and Ocwen Financial Corp deal-Reuters
Thursday, 6 Feb 2014 06:24pm EST 

Wells Fargo & Co:New York's principal bank regulator has indefinitely halted Ocwen Financial Corp's purchase of the right to collect payments on a portfolio of mortgages from Wells Fargo & Co, Ocwen said-Reuters.The New York Department of Financial Services, led by Superintendent Benjamin Lawsky, is concerned that Ocwen lacks the ability to handle the additional servicing load.A spokesman for Wells Fargo declined to comment.Ocwen said in a statement that it would continue to work with the New York Department of Financial Services to resolve any concerns.  Full Article

Wells Fargo & Co announces dividend
Tuesday, 28 Jan 2014 02:52pm EST 

Wells Fargo & Co:Says it has declared a quarterly common stock dividend of $.30 per share.Says the dividend is payable Mar. 1, to stockholders of record on Feb. 7.  Full Article

Onex Corp's USI Insurance Services acquires locations of part of Wells Fargo & Co
Monday, 27 Jan 2014 08:30am EST 

Onex Corp:Says its subsidiary, USI Insurance Services has entered into an agreement with Wells Fargo Insurance, part of Wells Fargo & Company to acquire 42 of its insurance brokerage and consulting locations across the United States.Says USI has completed fourteen acquisitions since Onex Partners III acquired the business in Dec. 2012.Says USI will fund the acquisition with available debt and cash on hand. No additional investment by Onex Partners III will be required.  Full Article

Wells Fargo & Co's indirect subsidiary opens second facility in Hyderabad-Times Of India
Thursday, 23 Jan 2014 08:31pm EST 

Wells Fargo & Co:Wells Fargo India Solutions an indirect subsidiary of Wells Fargo & Co said it had inaugurated its second facility in Hyderabad.The facility is an extension of the existing Wells Fargo Centre Tower I in Raidurgam, the company added-Times Of India.  Full Article

Wells Fargo & Co enters agreement to sell select local office locations to USI insurance services
Thursday, 23 Jan 2014 02:00pm EST 

Wells Fargo & Co:Says it has entered into an agreement with USI Insurance Services to sell 42 of its primarily smaller regional insurance brokerage and consulting locations.Says the sale is part of Wells Fargo's ongoing strategy to focus investments and resources in select markets, including Charlotte, Dallas, Minneapolis and San Francisco.Says the terms of the transaction, which is expected to close in Q2-2014, were not disclosed.  Full Article

Wells Fargo & Co agrees to sell mortgage servicing rights on about 184,000 loans
Wednesday, 22 Jan 2014 09:00am EST 

Wells Fargo & Co:Says its subsidiary, Wells Fargo Bank, N.A., has signed an agreement with Ocwen Loan Servicing LLC for the sale of residential mortgage servicing rights.Says on a portfolio consisting of about 184,000 loans with a total principal balance of $39 bln, or about 2 pct of Wells Fargo's total residential servicing portfolio as of the end of fourth quarter 2013.Says sale will be finalized as servicing is transferred, which the company expects will occur during 2014.Says the loans underlying the residential mortgage servicing rights sold are primarily owned by private investors and were not originated or owned by Wells Fargo.  Full Article

Wells Fargo & Co Settles Federal Mortgage Claims-Reuters
Wednesday, 6 Nov 2013 12:47pm EST 

Reuters reported that Wells Fargo & Co said that it had reached a $335 million settlement with a U.S. government agency over claims that it had misled certain investors in the bank's mortgage bonds.  Full Article

Wells Fargo & Co Announces Dividend
Tuesday, 22 Oct 2013 12:40pm EDT 

Wells Fargo & Company announced a quarterly common stock dividend of $.30 per share. The dividend is payable December 1, 2013, to stockholders of record on November 8, 2013, as approved by the Wells Fargo board of directors.  Full Article

Photo

U.S. credit union regulator sues Wells Fargo over crisis-era trusts

- The U.S. credit union regulator sued Wells Fargo & Co Tuesday, saying the bank failed to fulfill its duties as a trustee for certain residential mortgage-backed securities trusts that soured and brought down five credit unions.

Search Stocks