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News Releases
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12/16/19 10:14 am ESTPHILADELPHIA--(BUSINESS WIRE)--The City of Philadelphia and Wells Fargo Bank, N.A. have agreed to a resolution of the lawsuit brought in 2017 by the City of Philadelphia against the bank (City of Philadelphia v. Wells Fargo & Co., et al., No. 2:17-2203-AB (E.D. Pa.)). The City and Wells Fargo have reached a Collaboration Agreement under which the company will contribute $10 million for sustainable housing-related programs to promote and preserve homeownership for low- and moderate-income...more...
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12/13/19 3:30 pm ESTSAN FRANCISCO – Wells Fargo & Company (NYSE: WFC) today announced that Muneera Carr will join the company as controller, effective January 6, 2020. Carr, a financial services industry veteran, will report to Richard Levy, who will continue to act in his existing capacity as Wells Fargo’s chief accounting officer, reporting to Chief Financial Officer John Shrewsberry. “Muneera brings to our Controllers team deep knowledge and expertise that will help drive...more...
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12/10/19 9:00 am ESTST. LOUIS – Wells Fargo Advisors today announced $0 trades on the WellsTrade® self-directed trading platform for stocks and exchange traded funds (ETFs). “WellsTrade offers investors an online solution to make independent investment decisions. We know do-it-yourself trading is one of several ways investors manage their money,” said Jim Hays, president of Wells Fargo Advisors. “We believe Wells Fargo Advisors is well positioned to serve clients who...more...
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12/3/19 12:00 pm ESTNEW YORK--(BUSINESS WIRE)--Wells Fargo Investment Institute (WFII) today released its “2020 Outlook: A Call for Resilience,” which provides an in-depth analysis of economic and market forecasts, including commentary about the global economy, equities, fixed income, real assets, alternative investments and portfolio implementation actions. “While this year was largely characterized by a tug-of-war between substantial geopolitical drags and offsetting global monetary policy easing, ironically...more...
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12/2/19 4:10 pm ESTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced that Scott Powell has been named chief operating officer effective Dec. 9, 2019. He will serve on the company’s Operating Committee and report directly to CEO and President Charlie Scharf. Powell most recently was CEO of Santander Holdings USA, Inc. as well as CEO of Santander Consumer USA Holdings Inc., a publicly traded consumer finance company focused on vehicle finance and third-party servicing. “I...more...
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11/27/19 9:08 am ESTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo today announced that Jenny Flores will join the company to lead its small business growth philanthropy, and company veteran Darlene Goins has been named head of financial health philanthropy. Both will be based in San Francisco. Flores begins work Jan. 6, 2020, and Goins assumes her leadership role effective immediately. Flores and Goins will report to Brandee McHale, president of the Wells Fargo Foundation, who oversees Wells Fargo’s new...more...
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11/26/19 12:15 pm ESTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) said today that Chief Financial Officer John Shrewsberry will participate at the Goldman Sachs US Financial Services Conference 2019 in New York on Tuesday, December 10, 2019, at 7:50 a.m. ET (4:50 a.m. PT). The live webcast will be available at the following addresses: https://www.wellsfargo.com/about/investor-relations/events https://cc.talkpoint.com/gold006/121019a_js/?entity=5_W6VGD56 A replay of the webcast will...more...
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11/26/19 10:00 am ESTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) said today that members of the Company’s Consumer Banking and Investor Relations teams are scheduled to meet with investors on Thursday, December 5, 2019. The Company will post the investor deck that is being used in the meeting on Thursday, December 5, 2019, at 6 a.m. PT (9 a.m. ET) at the following address: https://www.wellsfargo.com/about/investor-relations/events About Wells Fargo Wells Fargo & Company (NYSE...more...
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11/20/19 4:10 pm ESTSAN FRANCISCO--(BUSINESS WIRE)--Today Wells Fargo announced upcoming changes in its Payments, Virtual Solutions and Innovation (PVSI) group. Avid Modjtabai plans to retire in March 2020 Avid Modjtabai, senior executive vice president and head of PVSI, has announced her plan to retire on March 31, 2020. “Avid has held many important roles at Wells Fargo during her impressive 26-year career as the company’s leader in several areas including Internet Services, Human Resources, Technology...more...
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11/20/19 9:00 am ESTSAN FRANCISCO--(BUSINESS WIRE)--Charitable giving is nearly universal among upper-income U.S. investors, according to a new Wells Fargo/Gallup Investor and Retirement Optimism study. Nearly all upper-income investors (93%) report they donated money to a non-faith-based organization in the past year, and 59% report giving to a faith-based organization. Altogether, 97% gave to one or the other and only 3% gave to neither. Giving also is an important core value to most investors, as six in 10...more...
