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Wells Fargo & Co (WFC.N)

WFC.N on New York Stock Exchange

53.36USD
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$0.65 (+1.23%)
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$52.71
Open
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Volume
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Latest Key Developments (Source: Significant Developments)

DynTek, Wells Fargo Capital Finance enter into 3-year $50 mln revolving line of credit and commercial banking relationship
Wednesday, 26 Apr 2017 12:00pm EDT 

April 26 (Reuters) - Dyntek Inc::Co, Wells Fargo Capital Finance have entered into new three-year $50 million revolving line of credit and commercial banking relationship.  Full Article

Wells Fargo & Co sets quarterly dividend of $0.38per share
Tuesday, 25 Apr 2017 02:11pm EDT 

April 25 (Reuters) - Wells Fargo & Co :Sets quarterly dividend of $0.38per share.  Full Article

Wells Fargo issues statement regarding Federal Reserve, FDIC revised submission determination
Monday, 24 Apr 2017 04:55pm EDT 

April 24 (Reuters) - Wells Fargo & Co :Wells Fargo issues statement regarding Federal Reserve, FDIC revised submission determination.Wells Fargo - "pleased with agencies' findings and remain committed to sound resolution planning and preparedness" as we finalize July 2017 submission.  Full Article

Wells Fargo expands class-action settlement for retail sales practices
Friday, 21 Apr 2017 08:00am EDT 

April 21 (Reuters) - Wells Fargo & Co ::Wells Fargo expands class-action settlement for retail sales practices to $142 million, adds accounts as early as May 2002.Wells Fargo & Co - updated settlement will add $32 million to previous agreement for a total settlement amount of $142 million..Says company is working directly with customers to resolve issues through its complaints process.Wells Fargo & Co - expects this settlement to resolve claims in 11 other pending class actions.Wells Fargo - if co is unable to resolve issues directly, customers who believe they got product or service they did not want offered a free mediation service.Wells Fargo - expects to resolve claims that unauthorized accounts were opened in customers' names or customers were enrolled in products without consent.  Full Article

Wells Fargo announces support for Paypal Wallet for in-store transactions
Tuesday, 18 Apr 2017 09:00am EDT 

April 18 (Reuters) - Wells Fargo & Co :Wells Fargo announces support for Paypal Wallet for in-store transactions.Says co's customers will be able to use Paypal to make purchases with their mobile devices at participating merchants.  Full Article

Wells Fargo chairman Sanger buys 58,342 shares of co's common stock - filing
Monday, 17 Apr 2017 11:35am EDT 

April 17 (Reuters) - Wells Fargo & Co :Wells Fargo chairman Stephen Sanger reports purchase of 58,342 shares of co's common stock on April 17 at $51.65 per share - SEC filing.  Full Article

Wells Fargo Q1 earnings per share $1.00
Thursday, 13 Apr 2017 07:59am EDT 

Wells Fargo & Co : Wells Fargo reports $5.5 billion in quarterly net income . Q1 earnings per share $1.00 . Q1 earnings per share view $0.96 -- Thomson Reuters I/B/E/S . Quarterly revenue $22 billion . Wells Fargo & Co - CET 1 ratio (fully phased-in) of 11.2 percent at Q1-end versus 10.7 percent at Q4-end . Wells Fargo & Co - qtrly net charge-offs of $805 million, down $81 million . Wells Fargo & Co - qtrly total average loans of $963.6 billion, up $36.4 billion, or 4 percent . Wells Fargo & Co - return on equity of 11.54 percent at q1-end versus 10.94 percent at Q4-end . Wells Fargo & Co - qtrly net charge-offs were 0.34 percent of average loans (annualized), down from 0.38 percent . Wells Fargo & Co qtrly nonperforming assets decreased $698 million from Q4 2016 to $10.7 billion . Q1 revenue view $22.32 billion -- Thomson Reuters I/B/E/S . Wells Fargo & Co - net interest income in Q1 2017 decreased $102 million from Q4 2016 to $12.3 billion . Wells Fargo & Co - qtrly mortgage banking noninterest income was $1.2 billion, compared with $1.4 billion in Q4 2016 . Qtrly net interest margin was 2.87 percent, stable with Q4 2016 . Wells Fargo & Co - as expected, residential mortgage loan originations declined in Q1, down to $44 billion, from $72 billion in Q4 . Wells Fargo & Co - period-end loan balances were $958.4 billion at March 31, 2017, down $9.2 billion from December 31, 2016.  Full Article

Berkshire Hathaway says intends to sell 1.9 mln Wells Fargo shares in near future
Wednesday, 12 Apr 2017 05:00pm EDT 

Berkshire Hathaway Inc : Press release - Berkshire Hathaway Inc. News release . Berkshire Hathaway Inc says in near future, intend to sell 1.9 million shares of Wells Fargo in addition to shares being reported on Wednesday's form 4 . Says the sales of Wells Fargo shares are not being made because of investment or valuation considerations . Berkshire Hathaway says Wells Fargo stock sales "solely motivated by desire to return to a percentage ownership below 10 pct notification threshold" . Berkshire Hathaway - commitments required of co by federal reserve to retain ownership of 10 pct or more of Wells Fargo's outstanding common stock would materially restrict commercial activity with Wells Fargo . Berkshire Hathaway - on April 7, informed Federal Reserve we were withdrawing filing and that we intend to reduce ownership in Wells Fargo common stock below 10 pct within 60 trading days .Berkshire Hathaway - will file a form 4 with SEC reporting sale of 7.1 million shares of Wells Fargo common stock during period between April 10 and April 12.  Full Article

Wells Fargo announces $20 mln expansion of Innovation Incubator
Tuesday, 11 Apr 2017 11:00am EDT 

Wells Fargo & Co : Wells Fargo expands innovation incubator with additional $20 million .Announced $20 million expansion of Wells Fargo Innovation Incubator, program that advances emerging clean technologies and startup companies.  Full Article

Finicity and Wells Fargo ink data exchange deal
Tuesday, 4 Apr 2017 04:32pm EDT 

Wells Fargo & Co : Finicity and Wells Fargo ink data exchange deal .Wells Fargo - Finicity will access co's data exchange API on Wells Fargo's gateway channel developer portal, which was launched in September of 2016.  Full Article

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U.S. watchdog settled for small fine over Wells Fargo phony accounts: report

WASHINGTON A consumer watchdog agency could have levied $10 billion in penalties against Wells Fargo & Co last year for opening unauthorized customer accounts, but settled for a fraction of that to resolve the matter quickly, according to regulatory documents released on Tuesday.