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News Releases
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9/3/19 2:00 pm EDTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo Asset Management (WFAM) today announced that Yeng Felipe Butler will join the firm as head of WFAM’s Liquidity Client Group. Butler, who will be based in Boston, will report to Nico Marais, CEO of WFAM. As head of WFAM’s Liquidity Client Group, Butler will manage WFAM’s short-duration and cash management business, which has approximately $156 billion in assets under management (AUM) and includes capabilities such as money market mutual funds and...more...
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8/28/19 11:52 am EDTDALLAS & FORT WORTH, Texas--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC), NeighborWorks® America y su oficina local, Business & Community Lenders of Texas, anunciaron hoy que el programa NeighborhoodLIFT® se expandirá al área de Dallas-Fort Worth con el fin de ayudar a incrementar la cantidad de propietarios de vivienda en la región. El compromiso filantrópico de $6.6 millones por parte de la Fundación de Wells Fargo servirá para apoyar a un total de 325 compradores de...more...
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8/28/19 11:49 am EDTDALLAS & FORT WORTH, Texas--(BUSINESS WIRE)--Wells Fargo & Company (NYSE:WFC), NeighborWorks® America and its network member Business & Community Lenders (BCL) of Texas today announced the NeighborhoodLIFT® program will expand to the Dallas-Fort Worth area to boost local homeownership. The $6.6 million philanthropic commitment by the Wells Fargo Foundation will assist a total of 325 new homeowners in the City of Dallas and Tarrant County by offering homebuyer education plus $15,000...more...
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8/26/19 3:45 pm EDTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) said today that Chief Financial Officer John Shrewsberry will present at the Barclays Global Financial Services Conference in New York on Monday, Sept. 9, 2019, at 9 a.m. ET (6 a.m. PT). The live webcast and presentation slides will be available at the following addresses: https://www.wellsfargo.com/about/investor-relations/events https://cc.talkpoint.com/barc002/090919a_js/?entity=42_PVLTSME A replay of the webcast...more...
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8/22/19 10:00 am EDTSAN FRANCISCO--(BUSINESS WIRE)--According to the Wells Fargo/Gallup Investor Optimism Index, U.S. investor optimism fell to its lowest point since the fourth quarter of 2016 as investor confidence weakened in the 12-month outlook for the stock market and U.S. employment. The third quarter Wells Fargo/Gallup Investor and Retirement Optimism Index is now 72, down 13 points from 85 in the second quarter and well below the post-recession high of 117 reached in the fourth quarter of 2017. This is...more...
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8/20/19 10:28 am EDTBOSTON--(BUSINESS WIRE)--Wells Fargo (NYSE: WFC) today announced its Commercial Banking leadership team for the Northeast, which includes leaders serving businesses in New England, Western New York, and Eastern Canada. The new leadership team stems from the bank’s recently announced structure for its Commercial Banking business. Under its new integrated business model, Wells Fargo is strengthening and simplifying how it serves the needs of local commercial customers. With its newly formed...more...
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8/16/19 4:30 pm EDTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced dividends on 11 series of preferred stock. A quarterly cash dividend of $18.75 per share was declared on its 7.50% non-cumulative 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 dividend is payable on Sept. 16, 2019, to holders of record as of the close of business on Aug...more...
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8/16/19 12:00 pm EDTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE:WFC) today released its 2018 Corporate Responsibility report, Purpose in Action, which details its progress toward social, economic and environmental goals, and announces that the company provided $23 billion in financing in the first year of its $200 billion sustainable finance commitment. Of the $23 billion, 63% went toward low-carbon solutions such as green buildings, renewable energy and clean technologies. The remainder of...more...
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8/14/19 4:30 pm EDTSAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced that on Sept. 16, 2019 it will redeem 1,550,000 shares (the “Redeemed Shares”) of its Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series K (the “Series K Preferred Stock”). The Redeemed Shares will be selected in accordance with the standard procedures of The Depository Trust Company. The redemption price will be equal to $1,000.00 per Redeemed Share. After giving effect to the...more...
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8/13/19 11:00 am EDTCHICAGO – Wells Fargo Commercial Distribution Finance (CDF), a unit of Wells Fargo Commercial Capital, announced today the continuation of Polaris Acceptance, a joint venture with Polaris Inc., into 2027. CDF and Polaris began the dealer wholesale financing joint venture in 1996. “It has been remarkable to watch Polaris Acceptance expand and prosper over the past two decades,” said Steve Battreall, president of CDF. “We feel fortunate to continue to serve Polaris...more...
