Key Developments: Wells Fargo & Co (WFC)

WFC on New York Consolidated

51.54USD
29 Jul 2014
Price Change (% chg)

$-0.06 (-0.12%)
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Latest Key Developments (Source: Significant Developments)

Wells Fargo & Co announces dividend
Tuesday, 22 Jul 2014 04:45pm EDT 

Wells Fargo & Co:Announces a quarterly common stock dividend of $.35 per share.Payable Sept. 1, to stockholders of record on Aug. 8.  Full Article

Wells Fargo & Co declares cash dividends on preferred stock
Monday, 19 May 2014 04:00pm EDT 

Wells Fargo & Co:Declares quarterly cash dividend of $20.00 per share on its 8.00 pct non-cumulative perpetual class A preferred stock, Series J.Quarterly cash dividend of $18.75 per share was declared on its 7.50% non-cumulative perpetual convertible class A preferred stock, Series L, liquidation preference $1,000 per share.Quarterly cash dividend of $325.00 per share was declared on its 5.20 pct non-cumulative perpetual class A preferred stock, Series N, liquidation preference $25,000 per share.Quarterly cash dividend of $320.31 per share was declared on its 5.125 pct non-cumulative perpetual class A preferred stock, Series O, liquidation preference $25,000 per share.Quarterly cash dividend of $328.13 per share was declared on its 5.25 pct non-cumulative perpetual class A preferred stock, Series P, liquidation preference $25,000 per share.Quarterly cash dividend of $365.63 per share was declared on its 5.85 pct non-cumulative perpetual class A preferred stock, Series Q, liquidation preference $25,000 per share.Quarterly cash dividend of $414.06 per share was declared on its 6.625% non-cumulative perpetual class A preferred stock, Series R, liquidation preference $25,000 per share.Dividend is payable on June 16, 2014, to holders of record as of the close of business May 30, 2014.  Full Article

Wells Fargo & Co completes sale of 40 office locations to USI Insurance Services
Monday, 5 May 2014 08:30am EDT 

Wells Fargo & Co:Completes transaction with USI Insurance Services to sell 40 of primarily smaller regional insurance brokerage and consulting locations.Sale is part of Wells Fargo's strategy to focus investments and resources in markets where insurance business has greatest growth potential and stronger partnerships with bank's commercial customers.  Full Article

Wells Fargo & Co announces increased dividend
Tuesday, 29 Apr 2014 04:00pm EDT 

Wells Fargo & Co:Announced a quarterly common stock dividend of $.35 per share, an increase of five cents, or 17 percent, per share from the prior quarter.Payable June 1, to stockholders of record on May 9.  Full Article

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

Ex-Bank of America trader avoids prison in muni bond case

NEW YORK - A former Bank of America Corp derivatives trader who pleaded guilty to conspiring to falsify documents was spared prison on Friday after spending years helping the government probe bid-rigging in the $3.7 trillion municipal bond market.

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