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Wells Fargo & Co (WFC.N)

WFC.N on New York Stock Exchange

54.05USD
20 Nov 2017
Change (% chg)

$-0.10 (-0.18%)
Prev Close
$54.15
Open
$54.12
Day's High
$54.21
Day's Low
$53.85
Volume
4,197,816
Avg. Vol
4,691,569
52-wk High
$59.99
52-wk Low
$49.28

Latest Key Developments (Source: Significant Developments)

Wells Fargo says Consumer Lending head Franklin Codel dismissed
Friday, 17 Nov 2017 08:00am EST 

Nov 17 (Reuters) - Wells Fargo & Co :Wells Fargo & Co - Franklin Codel, a senior executive vice president and head of its Consumer Lending organization, has been dismissed.Wells Fargo & Co - expects to announce a permanent successor to head consumer lending by end of year​.Wells Fargo & Co - ‍in interim, heads of group's four main lines of business will report to Tim Sloan​.Wells Fargo- dismissal was result of Codel's acting in "manner that was contrary" to co's policies during communication he had with former team member​.Wells Fargo - ‍reasons for dismissal did not involve business/ operations of Consumer Lending, servicing of customers/ performance or financial results​.  Full Article

Wells Fargo introduces new feature to automatically "rewind" overdrafts that are assessed on customers' accounts at a vulnerable time​
Tuesday, 14 Nov 2017 09:00am EST 

Nov 14 (Reuters) - Wells Fargo & Co :Wells Fargo & Co - introduced a new feature that will automatically "rewind" overdrafts that are assessed on customers' accounts at a vulnerable time​.Wells Fargo - will not charge overdraft/ insufficient funds fees if covering direct deposit is received morning after account is overdrawn for new feature​.Wells Fargo & Co - ‍also announced that it will no longer charge overdraft fees for any transaction of $5 or less​.Wells Fargo & Co - ‍automatic feature "rewinds" overdrafts when a covering direct deposit is received next morning​.  Full Article

‍Wells Fargo Securities names John Hudson, Kristin Lesher co-heads of investment banking coverage
Monday, 13 Nov 2017 09:02am EST 

Nov 13 (Reuters) - Wells Fargo & Co :‍Wells Fargo Securities - announced John Hudson & Kristin Lesher have been named new co-heads of investment banking coverage, effective immediately​.  Full Article

Hub International signs purchase agreement to acquire Wells Fargo Insurance's crop business
Thursday, 9 Nov 2017 09:00am EST 

Nov 9 (Reuters) - Wells Fargo & Co :Hub International signs purchase agreement to acquire Wells Fargo Insurance's crop business.Hub International says terms of agreement were not disclosed​.‍Hub International says following acquisition, Wells Fargo crop team members will join Hub Mountain​.  Full Article

Stratford Shields joins Wells Fargo as head of public finance
Wednesday, 8 Nov 2017 08:00am EST 

Nov 8 (Reuters) - Wells Fargo & Co :Stratford shields joins wells fargo as head of public finance.Wells fargo securities says ‍stratford shields has been named managing director and head of public finance, effective immediately ​.  Full Article

Wells Fargo signs data exchange deals with Expensify, PointServ
Monday, 6 Nov 2017 12:35pm EST 

Nov 6 (Reuters) - Wells Fargo & Co ::Wells Fargo signs two data exchange deals with Expensify, PointServ.Expensify agreement to make it easier for company's credit-card holders who use Expensify to report monthly business expenses​.  Full Article

Wells Fargo announces new mobile banking App
Thursday, 2 Nov 2017 10:32am EDT 

Nov 2 (Reuters) - Wells Fargo & Co ::Wells Fargo & Co ‍announces Greenhouse by Wells Fargo, a new mobile banking app.  Full Article

Wells Fargo: employees associated with forex transaction issue no longer with co
Friday, 27 Oct 2017 12:24pm EDT 

Oct 27 (Reuters) - :Wells Fargo learned of an issue associated with a foreign exchange transaction for a single client - Wells Fargo spokeswoman.Foreign exchange transaction was reviewed, and Wells Fargo took steps to hold accountable individuals who were involved - Wells Fargo spokeswoman.The departure of employees was not related to issues involving market collusion, front running, or market manipulation - Wells Fargo spokeswoman.  Full Article

Federal prosecutors are investigating foreign-exchange trading at Wells Fargo - WSJ, citing sources ‍​
Friday, 27 Oct 2017 11:57am EDT 

Oct 27 (Reuters) - :Federal prosecutors are investigating foreign-exchange trading at Wells Fargo - WSJ, citing sources ‍​.  Full Article

Wells Fargo & Company announces common dividend
Tuesday, 24 Oct 2017 03:00pm EDT 

Oct 24 (Reuters) - Wells Fargo & Co ::Wells Fargo & Company announces common dividend.Says ‍quarterly common stock dividend of $0.39 per share​.  Full Article

Wells Fargo consumer lending head axed after disparaging regulators: source

NEW YORK/WASHINGTON Wells Fargo & Co announced on Friday it fired its head of consumer lending, a move that people familiar with the matter said was because he disparaged a bank regulator to a fired employee.