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Wells Fargo & Co (WFC.N)

WFC.N on New York Stock Exchange

47.48USD
24 Apr 2019
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Latest Key Developments (Source: Significant Developments)

Wells Fargo & Company Announces Common Stock Dividend
Tuesday, 23 Apr 2019 03:00pm EDT 

Wells Fargo & Co ::MPANY ANNOUNCES COMMON STOCK DIVIDEND.SETS QUARTERLY DIVIDEND OF $0.45PER SHARE.  Full Article

Principal Financial Group Says Suspending Share Buybacks
Tuesday, 9 Apr 2019 10:04am EDT 

April 9 (Reuters) - Principal Financial Group Inc ::PRINCIPAL FINANCIAL GROUP SAYS SUSPENDING SHARE BUYBACKS; EXPECT TO RESUME NO LATER THAN Q1 2020.PRINCIPAL FINANCIAL GROUP - DEAL WITH WELLS FARGO FOR $1.2 BILLION FUNDED THROUGH $400-500 MILLION IN DEBT, REMAINDER THROUGH CASH.PRINCIPAL FINANCIAL GROUP SAYS WHEN FULLY INTEGRATED IN 2022, SEES ANNUAL NET REVENUE OF APPROXIMATELY $425 MILLION.PRINCIPAL FINANCIAL GROUP - $60 MILLION OF EXPECTED PRE-TAX RUN-RATE NET EXPENSE SYNERGIES FROM DEAL WHEN FULLY INTEGRATED BY 2022.PRINCIPAL FINANCIAL GROUP SAYS WHEN FULLY INTEGRATED IN 2022, SEES PRE-TAX RETURN ON NET REVENUE OF 28%-32%.  Full Article

Principal Financial To Buy Wells Fargo's Retirement Business For $1.2 Bln
Tuesday, 9 Apr 2019 08:00am EDT 

April 9 (Reuters) - Principal Financial Group PFG.N::PRINCIPAL TO ACQUIRE WELLS FARGO INSTITUTIONAL RETIREMENT & TRUST BUSINESS.PRINCIPAL FINANCIAL GROUP INC - DEAL FOR $1.2 BILLION.PRINCIPAL FINANCIAL - AGREEMENT INCLUDES EARNOUT OF UP TO $150 MILLION TIED TO BETTER THAN EXPECTED REVENUE RETENTION, PAYABLE TWO YEARS POST-CLOSING.PRINCIPAL FINANCIAL GROUP INC - ACQUISITION IS EXPECTED TO BE ACCRETIVE TO NET INCOME AND NON-GAAP OPERATING EARNINGS PER DILUTED SHARE IN 2020.PRINCIPAL FINANCIAL GROUP INC - ACQUISITION WILL BE FINANCED WITH CASH AND SENIOR DEBT FINANCING..  Full Article

Warren Buffett Urges Wells Fargo To Look Beyond Wall St For Next CEO - FT Interview
Sunday, 7 Apr 2019 04:33pm EDT 

April 7 (Reuters) - :WARREN BUFFETT URGES WELLS FARGO TO LOOK BEYOND WALL ST FOR NEXT CEO - FT INTERVIEW.  Full Article

Wells Fargo In Advanced Talks To Sell Real Estate Broker Eastdil - WSJ
Friday, 29 Mar 2019 10:59am EDT 

March 29 (Reuters) - :WELLS FARGO IN ADVANCED TALKS TO SELL REAL ESTATE BROKER EASTDIL - WSJ, CITING SOURCES.WELLS FARGO IN TALKS TO SELL EASTDIL TO A VENTURE LED BY GUGGENHEIM INVESTMENTS AND SINGAPORE'S TEMASEK HOLDINGS - WSJ, CITING SOURCES.  Full Article

Warren Buffett Says He Continues To Support Wells Fargo's Sloan - CNBC
Friday, 29 Mar 2019 06:11am EDT 

March 29 (Reuters) - :WARREN BUFFETT SAYS HE STANDS BY COMMENTS AND CONTINUES TO SUPPORT WELLS FARGO'S TIM SLOAN - CNBC REPORTER REBECCA QUICK.WARREN BUFFETT SAYS HE FOUND OUT ABOUT TIM SLOAN'S DEPARTURE ON WEDNESDAY - CNBC REPORTER REBECCA QUICK.  Full Article

Wells Fargo CEO Tim Sloan To Retire
Thursday, 28 Mar 2019 04:10pm EDT 

March 28 (Reuters) - Wells Fargo & Co ::WELLS FARGO CEO AND PRESIDENT TIM SLOAN TO RETIRE; BOARD OF DIRECTORS ELECTS ALLEN PARKER AS INTERIM CEO AND PRESIDENT.WELLS FARGO CEO AND PRESIDENT TIM SLOAN TO RETIRE; BOARD OF DIRECTORS ELECTS ALLEN PARKER AS INTERIM CEO AND PRESIDENT.WELLS FARGO & CO - EXTERNAL SEARCH FOR PERMANENT CEO TO COMMENCE.WELLS FARGO & CO - EXTERNAL SEARCH FOR PERMANENT CEO TO COMMENCE.WELLS FARGO & CO - BOARD HAS ELECTED C. ALLEN PARKER, WHO SERVED AS COMPANY'S GENERAL COUNSEL, AS INTERIM CEO AND PRESIDENT.WELLS FARGO & CO - WELLS FARGO CEO AND PRESIDENT TIM SLOAN TO RETIRE.WELLS FARGO & CO - DOUGLAS R. EDWARDS WILL SERVE AS INTERIM GENERAL COUNSEL AND JOIN COMPANY'S OPERATING COMMITTEE, EFFECTIVE IMMEDIATELY.WELLS FARGO SAYS "BOARD HAS CONCLUDED THAT SEEKING SOMEONE FROM THE OUTSIDE IS THE MOST EFFECTIVE WAY TO COMPLETE THE TRANSFORMATION AT WELLS FARGO".WELLS FARGO'S TIM SLOAN SAYS HAS BECOME APPARENT TO ME THAT ABILITY TO SUCCESSFULLY MOVE CO FORWARD WILL BENEFIT FROM A NEW CEO AND FRESH PERSPECTIVES.WELLS FARGO & CO - TIM SLOAN TO RETIRE FROM COMPANY, EFFECTIVE JUNE 30, 2019, TO STEP DOWN AS CEO, PRESIDENT, AND BOARD MEMBER EFFECTIVE IMMEDIATELY.  Full Article

Wells Fargo & Co says Timothy Sloan's FY 2018 Total Compensation Was $18.4 Mln
Wednesday, 13 Mar 2019 04:28pm EDT 

March 13 (Reuters) - Wells Fargo & Co ::WELLS FARGO & CO - CEO TIMOTHY J. SLOAN'S FY 2018 TOTAL COMPENSATION WAS $18.4 MILLION VERSUS $17.6 MILLION IN FY 2017.WELLS FARGO & CO - CFO JOHN R. SHREWSBERRY'S FY 2018 TOTAL COMPENSATION WAS $12.5 MILLION VERSUS $11.9 MILLION IN FY 2017.WELLS FARGO & CO - SR. EVP, CONSUMER BANKING MARY T. MACK'S FY 2018 TOTAL COMPENSATION WAS $8.6 MILLION.WELLS FARGO & CO - SR. EVP, PAYMENTS, VIRTUAL SOLUTIONS, AND INNOVATION AVID MODJTABAI'S FY 2018 TOTAL COMPENSATION WAS $10.4 MILLION VERSUS $10.6 MILLION.WELLS FARGO & CO - SR. EVP, WHOLESALE BANKING PERRY G. PELOS'S FY 2018 TOTAL COMPENSATION WAS $8.99 MILLION VERSUS $6.75 MILLION IN 2017.WELLS FARGO & CO - ESTIMATE THAT CEO’S ANNUAL TOTAL COMPENSATION WAS 283 TIMES THAT OF THE MEDIAN OF THE ANNUAL TOTAL COMPENSATION OF ALL TEAM MEMBERS.WELLS FARGO & CO - FOR 2018, ESTIMATED MEDIAN OF THE ANNUAL TOTAL COMPENSATION OF ALL WELLS FARGO TEAM MEMBERS (OTHER THAN CEO) WAS $65,191.  Full Article

Wells Fargo Names Maria Teresa Tejada As Chief Strategic Enterprise Risk Officer
Monday, 4 Mar 2019 02:10pm EST 

March 4 (Reuters) - Wells Fargo & Co ::MARIA TERESA TEJADA NAMED CHIEF STRATEGIC ENTERPRISE RISK OFFICER.WELLS FARGO & CO - MARIA TERESA TEJADA HAS BEEN NAMED COMPANY'S CHIEF STRATEGIC ENTERPRISE RISK OFFICER.  Full Article

Wells Fargo Provides Update On Restoring Services For Customers
Thursday, 7 Feb 2019 11:44pm EST 

Feb 7 (Reuters) - Wells Fargo & Co ::WELLS FARGO PROVIDES UPDATE ON RESTORING SERVICES FOR CUSTOMERS.WELLS FARGO ATM SERVICES HAVE BEEN RESTORED AND ARE AVAILABLE FOR CUSTOMER USE.SAYS CUSTOMERS CAN USE WELLS FARGO CREDIT AND DEBIT CARDS FOR PURCHASES.WELLS FARGO - MOBILE AND ONLINE BANKING SYSTEMS ARE OPERATIONAL, WITH EXCEPTION OF SOME FEATURES, SUCH AS CONSUMER CREDIT CARD AND MORTGAGE BALANCES.SAYS WELLS FARGO BANK BRANCHES ARE OPERATIONAL.  Full Article

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All Wells Fargo directors elected as hecklers call executives 'frauds'

DALLAS Wells Fargo & Co shareholders voted to elect all of the company-nominated directors during a rowdy meeting on Tuesday in which more than a dozen attendees were kicked out for heckling executives and board members.