Wells Fargo & Co. Stock News

When you think about megacap stocks, the financial sector might not be the first thing that comes to mind. And that certainly makes sense.

Not all dividends are paid out equally; some companies try to create a “trap” by overpaying on a quarter's dividend, attracting buyers through a short-term high dividend yield that seems too good to pass up. The realization comes much later, though, that these companies can't afford these payouts, straining the financial profile altogether and having to decrease or cancel these dividends later.

Wells Fargo won't have to face class-action claims it systematically discriminated against hundreds of thousands of Black and Hispanic mortgage applicants, a federal judge ruled.

Wells Fargo is expanding its collaboration with Google Cloud to roll out artificial intelligence agents across its business, marking a major step in the bank's adoption of generative AI.

The president is expected to sign an executive order as soon as this week that targets so-called debanking of businesses including crypto companies.

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced a collaboration with the National Center for the Middle Market (NCMM) at The Ohio State University Max M. Fisher College of Business. Wells Fargo's Commercial Banking group will provide the NCMM with insights into the banking needs of middle market companies, helping guide research reports, including their flagshi...

Major U.S. lender Wells Fargo said on Thursday its board of directors intends to appoint CEO Charlie Scharf as chairman.

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced that the Board of Directors of Wells Fargo intends to appoint Charlie Scharf, Chief Executive Officer, Wells Fargo, as Chairman of the Board. When Mr. Scharf becomes Chairman, the Board intends to appoint a Lead Independent Director to support the Board's continued independent oversight. In addition, the Board awa...