Wells Fargo & Co. Stock News

I favor Wells Fargo's Series L "busted" preferred shares due to their low call risk and potential for capital gains upon forced conversion. Wells Fargo's financial results are robust, with preferred dividends well-covered, requiring only 5% of net income, ensuring reliable dividend payments. The Series L preferred shares offer a long-term fixed income investment, with minimal imminent call risk...

After several years of lackluster performance, financial stocks are one of the best-performing sectors in 2024. A key reason for this is the Federal Reserve's pivot to lower interest rates.

Two longtime Fool.com contributors just made some moves in their own portfolios.

Wells Fargo has submitted a third-party review to the Federal Reserve to lift a $1.95 trillion asset cap imposed after the 2016 fake accounts scandal. CEO Charlie Scharf has been addressing compliance issues since 2019, aiming to remove the cap and secure a significant victory for the bank. Despite a 2024 jump in shares, executives anticipate the asset cap will remain in place at least into nex...

SAN FRANCISCO--(BUSINESS WIRE)-- #community--The Wells Fargo Foundation is donating $2 million to Team Rubicon over the next two years to support lasting disaster relief, including most recently in the hard-hit Southeastern United States. This funding will enable thousands of volunteers, including military veterans, first responders and civilians to deploy quickly and for extended periods of ti...

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced dividends on six series of preferred stock. A quarterly cash dividend of $18.75 per share was declared on its 7.50% noncumulative perpetual convertible class A preferred stock, Series L, liquidation preference $1,000 per share, which is traded on the New York Stock Exchange under the symbol “WFCPrL”. The Series L ...

Prediction: Trump's Victory Should Pave the Way for Wells Fargo to Shed Its Asset Cap, Which Has Cost the Bank Billions in Profits

Bridgewater Associates added shares of big banks to its portfolio in the third quarter, securities filings showed, ahead of a rally that followed Donald Trump's victory in the U.S. presidential election.