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Wells Fargo & Co (WFC)

WFC on New York Consolidated

55.48USD
23 Mar 2017
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$0.15 (+0.27%)
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Latest Key Developments (Source: Significant Developments)

Wells Fargo reports February retail banking customer activity
Monday, 20 Mar 2017 11:30am EDT 

Wells Fargo & Co : Wells Fargo reports February retail banking customer activity . Feb total branch interactions down 1% LM, and down 11% YOY . Says for Feb average consumer and small business deposit balances down modestly LM, but up 6% YOY . February new consumer credit card applications down 4% LM, and down 0.2 million, or 55%, YOY . Feb point-of-sale debit card transactions down 2% LM, but up modestly YOY . Says for Feb primary consumer checking customers of 23.5 million, up modestly LM, and up 1.9% YOY . Feb customer-initiated consumer checking account closures down 10% on linked month basis and 11% YOY .Feb point-of-sale active consumer credit card accounts of 7.5 million, down 2% LM, but up 4% YOY.  Full Article

Wells Fargo promotes Grant Friesth to central division manager for middle market banking
Tuesday, 14 Mar 2017 11:57am EDT 

Wells Fargo & Co : Wells fargo promotes friesth to central division manager for middle market banking .Grant Friesth to lead commercial banking operations across four states.  Full Article

Wells Fargo & Co names Allen Parker general counsel
Monday, 6 Mar 2017 02:05pm EST 

Wells Fargo & Co : Wells fargo names Allen Parker general counsel . C. Allen Parker will join company as its senior executive vice president and general counsel .Parker will succeed James Strother, who will retire from same role after 30 years with company and 13 years leading law department.  Full Article

Ciber says enters waiver and amendment with Wells Fargo
Monday, 6 Mar 2017 08:39am EST 

Ciber Inc : On March 3, 2017, entered into waiver and amendment no. 11 with Wells Fargo Bank NA - SEC filing . Amendment no. 11 waives existing events of default but retains all of Wells Fargo's rights under credit facility .Amendment no 11 requires that co permanently repay all of outstanding balance under credit facility on or before March 31, 2017.  Full Article

Wells Fargo files for potential mixed shelf, size undisclosed - SEC filing
Friday, 24 Feb 2017 04:47pm EST 

Wells Fargo & Co : Wells fargo & co files for potential mixed shelf; size undisclosed - sec filing Source :(http://bit.ly/2lD9Iuk) Further company coverage: [WFC.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Wells fargo names two new independent directors
Monday, 20 Feb 2017 04:00pm EST 

Wells Fargo & Co : Wells fargo names two new independent directors .Says elected Karen Peetz and Ronald Sargent as new independent directors.  Full Article

Wells Fargo says Jan consumer checking account opens down 31 pct
Friday, 17 Feb 2017 11:00am EST 

Wells Fargo & Co : Total branch interactions for January were down 12% from December . Wells fargo reports january retail banking customer activity . Average consumer and small business deposit balances were stable from December 2016 and up 7% YOY for Jan . January consumer checking account opens were up 18% linked month due to typical seasonality, but down 0.2 million, or 31%, YOY . Jan new consumer credit card applications were up 8% versus linked month .Jan customer-initiated consumer checking account closures were up 1% on linked month basis and 4% YOY.  Full Article

Wells Fargo & Co says issued $2 bln floating rate notes due Feb. 11, 2022
Monday, 13 Feb 2017 09:41am EST 

Wells Fargo & Co :Says issued $2 billion floating rate notes due February 11, 2022 - sec filing.  Full Article

Wells Fargo increases emphasis on emerging technologies
Friday, 10 Feb 2017 09:00am EST 

Wells Fargo & Co - : Wells Fargo increases emphasis on emerging technologies . New organizational structure will help drive "growth in payments, artificial intelligence and application programming interfaces" . Says "enhancing organization within its recently formed payments, virtual solutions and innovation group" . Sees increasing opportunities to "better leverage data to provide personalized customer service through our bankers and digital channels" .New artificial intelligence enterprise solutions team has been created, to be led by steve ellis, head of Wells Fargo's innovation group.  Full Article

Wells Fargo names Jafar Amin regional president for Asia Pacific
Wednesday, 25 Jan 2017 07:37pm EST 

Wells Fargo & Co : Wells Fargo names Jafar Amin regional president for Asia Pacific region . Amin was also appointed head of Wells Fargo's global financial institutions business in APAC .Jafar Amin is succeeding Jim Johnston who served as interim regional president.  Full Article

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