Up until this year, Wells Fargo had been operating under several consent orders and a very restrictive asset cap. With those now removed or terminated, the bank has achieved higher returns, and management has even higher ambitions.
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) (“Wells Fargo”) today announced that it will redeem all of its Floating Rate Junior Subordinated Deferrable Interest Debentures due January 15, 2027 (CUSIP No. 949746TG6*) (the “Debentures”) on January 15, 2026 (the “Optional Prepayment Date”). The optional prepayment price will be equal to 100% of the principal amount of the Deb...
Wells Fargo , the fourth-biggest U.S. bank, plans to extend its hiring spree in investment banking after new recruits and efforts to grow market share significantly boosted the lender's ranking in mergers and acquisitions.
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo Bank, N.A., said today it is decreasing its prime rate to 6.75 percent from 7.00 percent, effective tomorrow, Dec. 11, 2025. About Wells Fargo Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.1 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, ...
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo Investment Institute (WFII) today released its “2026 Outlook report: Trendlines over headlines.” Even as headlines may continue to stress uncertainties about policy and the pace of technology spending, WFII expects favorable economic and policy trends already in place will ultimately shape a broad array of potential investment opportunities. Convictio...
The US Equity Income Fund underperformed its benchmark, the Russell 1000 Value Index, net of fees during the third quarter. Enterprise software company, Oracle Corporation, was a top contributor to relative returns during the quarter. Our position in consumer healthcare company, Kenvue Inc., was a top detractor from relative performance during the month.
U.S. banks including JPMorgan Chase and Wells Fargo said artificial intelligence will boost productivity at their companies and likely cause job losses.
SAN FRANCISCO--(BUSINESS WIRE)--A new Wells Fargo survey released today finds younger generations are driving a major shift toward digital cash gifts and holiday tips — favoring convenience and choice over traditional wrapped presents. Insights from the consumer survey look into the ways people give holiday gifts to family and friends, and holiday tips to service workers. The findings highlight...
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