Wells Fargo & Co. Stock News

Forget about the Magnificent Seven. Dave Ellison, a longtime fund manager, is bullish on JPMorgan Chase and other top banks.

NEW YORK , Feb. 5, 2025 /PRNewswire/ -- Overland Advantage ("Overland"), a business development company with a differentiated direct lending approach that benefits from a strategic relationship between Centerbridge Partners and Wells Fargo, announced today that it served as sole lead arranger and book-runner for a $215.0 million credit facility in support of a new loan origination to facilitate...

Wells Fargo & Co.'s 7.50% Non-Cumulative Perpetual Convertible Preferred Stock, Series L (WFC-L) offers a compelling addition to our long-duration portfolio due to its attractive yield and unique characteristics. Wells Fargo's strong financials and credit ratings ensure reliable dividend payments, with a large cushion to cover preferred dividends. Compared to other Wells Fargo preferred stocks ...

The bank's stock rises as it fulfills two disciplinary orders from the Federal Reserve related to its mortgage business — but five more remain, including its asset cap.

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today confirmed that the Federal Reserve Board of Governors terminated two longstanding consent orders: a 2011 consent order regarding the company's legacy mortgage servicing activities and a 2011 consent order regarding its legacy Wells Fargo Financial business. Wells Fargo's regulators have now closed nine consent orders since ...

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) said today that Chief Financial Officer Mike Santomassimo will present at the UBS Financial Services Conference on Tuesday, Feb. 11, 2025 at 8:50 a.m. ET. The live webcast will be available online at https://www.wellsfargo.com/about/investor-relations/events. A replay of the webcast will be available for three months following th...

U.S. banks say demand for business loans strengthened in the fourth quarter, with the net share of banks reporting an increase turning positive for the first time in two years, a Federal Reserve survey on Monday showed

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo today released its 2024 Q4 Commercial Business Sentiment Report in collaboration with Barlow Research Associates. Following the 2024 presidential election, survey results found that commercial business sentiment had not only improved when compared to Q3 2024, but reached the highest sentiment index score, 112.9, recorded in the past four years (up fro...