Wells Fargo & Company

Wells Fargo Study Finds Veterans Report Greater Career Satisfaction, Financial Confidence and Optimism About AI

Wells Fargo released a national survey, conducted by Morning Consult, finding veterans report greater career satisfaction, financial confidence and optimism about AI than non-veterans. The October 1-11, 2026 online survey covered 4,000 U.S. adults, split evenly between veterans and non-veterans; 49% of veterans said their military-to-civilian transition was difficult. The release is brand/reputation PR tied to Wells Fargo's veteran-employment initiatives and carries no financial or operational impact on the company.

•4d ago

Wells Fargo to Present at the BancAnalysts Association of Boston Conference

Wells Fargo said Fernando Rivas, CEO of Corporate & Investment Banking, will present at the BancAnalysts Association of Boston Conference on Nov. 5, 2026 at 8:05 a.m. ET. The presentation will be webcast live on the company's Investor Relations webpage, with a replay available for three months. This is a scheduling notice only — no financial results or guidance are disclosed.

•11d ago

Wells Fargo & Company Announces Common Stock Dividend

Wells Fargo's board approved a quarterly common stock dividend of $0.50 per share. The dividend is payable Dec. 1, 2026, to stockholders of record on Nov. 6, 2026. This is a routine capital-return announcement with no change to the payout signaled.

•12d ago

Wells Fargo Announces Kleber Santos to Lead Consumer Banking and Lending; Saul Van Beurden to Lead AI for the Company

Wells Fargo named Kleber Santos sole CEO of Consumer Banking and Lending, ending the co-CEO arrangement with Saul Van Beurden. Van Beurden will now lead enterprise-scale AI adoption exclusively, working alongside technology head Bridget Engle and business leaders. Both executives continue reporting to Chairman and CEO Charlie Scharf and remain on the Operating Committee, signaling continuity rather than upheaval.

•17d ago

Belk Secures $1.275 Billion in New Financing from Wells Fargo and Pathlight Capital

Belk, Inc. closed $1.275 billion in new senior secured credit facilities arranged with Wells Fargo Bank and Pathlight Capital. The package pairs a $900 million five-year asset-based revolving credit facility with a $375 million FILO term loan, replacing Belk's prior ABL, FILO and securitization facilities. Wells Fargo (WFC) serves as administrative and collateral agent on both facilities; the deal is a routine agency win that is immaterial to WFC given its ~$2.3 trillion in assets.

•20d ago

Six in 10 Adult Children Report Family Conflict Brought on by Inheritance, Wells Fargo Study Finds

Wells Fargo's Wealth & Investment Management unit released its 2026 Wealth Transfer Study, finding that 61% of adult children from affluent families report negative family experiences tied to inherited wealth, versus 29% of parents. The survey of roughly 800 parents and 800 adult children found wide perception gaps: 93% of parents know how much wealth they expect to transfer, but only 54% of children say they know what they will inherit. The release is brand-marketing for Wells Fargo's wealth advisory services, which manage $2.5 trillion in client assets, with no financial results or strategic disclosures.

•20d ago

Wells Fargo Deepens AI and Data Leadership for Consumer Banking and Lending

Wells Fargo hired Cayetano Gea-Carrasco as head of AI and Data for Consumer Banking and Lending, where he will oversee AI use cases and simplify the data environment. He joins from BBVA, where he led enterprise AI transformation, and previously spent 15 years at Moody's; he will report to Saul Van Beurden and be based in San Francisco. The move signals continued investment in AI capabilities across Wells Fargo's consumer business, though it is a divisional hire with no disclosed financial impact.

•24d ago

Wells Fargo Reports Third Quarter 2026 Financial Results

Wells Fargo released its third quarter 2026 financial results, which are available on its Investor Relations webpage and in a Form 8-K filed with the SEC on Oct. 13, 2026. The release contains no financial figures itself and primarily provides dial-in details for the earnings conference call held Oct. 13 at 10:00 a.m. Eastern, with a replay available through Oct. 27. Wells Fargo is one of the largest U.S. banks with approximately $2.3 trillion in assets, so the actual results in the 8-K — not this notice — are what matter for investors.

•27d ago

Five Big Banks, Two Days, One Question: Can Record Trading Offset the Pressure From Rising Yields?

A Market Updates commentary previews third-quarter bank earnings this week, with Citigroup reporting around 8:00 a.m. ET Tuesday, October 13. The piece recaps Citigroup's second quarter: revenues of $24.8 billion up 14%, net income of $5.8 billion up 45%, and EPS of $3.15 versus $1.96 a year earlier. It frames this week's reports around rising long-term yields — the 10-year at 5.24%, highest since 2002 — which support lending margins but pressure bond holdings, with Citi's 13.0% return on tangible common equity cited as evidence of the strong prior-quarter bar.

•28d ago

Wells Fargo Brings Debit Card Personalization to the Mobile App

Wells Fargo launched Mobile Card Design Studio, letting customers personalize eligible debit cards with photos or curated designs directly in the Wells Fargo Mobile app. The release frames the feature as part of ongoing digital enhancements, alongside recent mobile expansion of ExpressSend international remittances. The announcement is a routine customer-experience update with no disclosed financial impact on the company.

•1mo ago

Wells Fargo to Announce Third Quarter 2026 Earnings on Oct. 13, 2026

Wells Fargo confirmed it will report third quarter 2026 earnings results on Tuesday, Oct. 13, 2026, at approximately 7:00 a.m. Eastern time. A live conference call will be held at 10:00 a.m. ET the same day, with a webcast and replay available via the company's Investor Relations webpage. This is a scheduling notice only; results will also be posted to the SEC website when released.

•1mo ago

Wells Fargo Announces Retirement of Chief Risk Officer, Derek Flowers; Chief Operating Officer, Scott Powell, to Become Chief Risk Officer

Wells Fargo announced that Chief Risk Officer Derek Flowers will retire in mid-January after nearly three decades at the bank, including CRO service since 2022. Chief Operating Officer Scott Powell will assume the CRO role, bringing prior risk-management leadership and COO tenure since December 2019; Powell's successor as COO will be named later. The transition is a planned succession with continuity in risk and control leadership, limiting the event's strategic significance.

•1mo ago

Building Homes, Building Workforces: Inside Wells Fargo's $5M Tour Across Five States

Wells Fargo completed a five-day, five-state tour in August announcing $5 million in philanthropic investments focused on affordable housing and skilled-trades workforce development. Grants include $1.2 million in North Dakota, $1.25 million in Nebraska, $1.5 million for Habitat for Humanity (including a $1 million Rural Housing Innovation Fund), and $1 million to Wyoming Housing Network for a 24-home modular-concrete development in Casper. This is a corporate social responsibility story with no bearing on earnings, capital, or strategy; since 2019 Wells Fargo and its foundation have donated more than $2 billion to community causes.

•1mo ago

Wells Fargo Bank Increases Prime Rate to 7.00 Percent

Wells Fargo Bank, N.A. is increasing its prime rate to 7.00% from 6.75%, effective September 17, 2026 — a 25 basis point move. Prime rate changes of this kind are routine, mechanical adjustments that typically track Federal Reserve policy decisions and flow through to pricing on variable-rate loans such as credit cards and home equity lines. Wells Fargo & Company, with approximately $2.3 trillion in assets, operates through four segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management.

•1mo ago

Wells Fargo to Present at the Barclays Global Financial Services Conference

Wells Fargo CFO Mike Santomassimo will present at the Barclays Global Financial Services Conference on Tuesday, September 15, 2026 at 8:15 a.m. ET. The presentation will be webcast live on Wells Fargo's investor relations events page, with a replay available for three months afterward. The release is a routine scheduling notice containing no new financial results or guidance; investors may monitor the webcast for incremental business commentary.

•2mo ago

Wells Fargo Expands Affordable Senior Housing and Financial Education With $1.2 Million in North Dakota

Wells Fargo and the Wells Fargo Foundation are committing $1.2 million to support affordable senior housing and financial education initiatives across North Dakota. The funding includes a $1 million donation to Beyond Shelter to build new homes for older adults in Minot, alongside the transfer of a former branch property to aid development. Additionally, a $200,000 grant to Junior Achievement North will expand the Finance Park Pop-Up program, providing financial literacy education to students in North Dakota and Montana.

•2mo ago

Wells Fargo Advances Affordable Housing and Workforce Development in Wyoming With $1 Million to Wyoming Housing Network

Wells Fargo announced a $1 million grant to the Wyoming Housing Network to support the Goodwill Landing Housing Innovation Project, which aims to create 24 affordable rental homes in Casper. The project utilizes construction technology developed by InOurHands and includes a workforce training component in partnership with Casper College. This grant is part of Wells Fargo's broader philanthropic efforts, bringing the company's total investment in housing affordability initiatives to over $830 million since 2019.

•2mo ago

Wells Fargo Foundation's $1 Million Grant Expands Construction Education, Scholarships and Affordable Housing Partnerships at MCC

Wells Fargo Foundation announced a total of $1.25 million in grants to Metropolitan Community College (MCC) and HomeWoven to support construction education and affordable housing in Omaha. The funding includes $1 million for MCC to improve construction education facilities and provide scholarships, alongside $250,000 for HomeWoven to build affordable homes and expand internship programs. This initiative aims to address Nebraska's shortage of skilled trades professionals, where construction accounts for 9.8% of statewide job openings, while simultaneously increasing the affordable housing stock.

•2mo ago

Wells Fargo Invests $1.5 Million With Habitat For Humanity To Scale Innovative Home Construction in Rural Communities

Wells Fargo announced a $1.5 million investment in Habitat for Humanity to support innovative, affordable housing options in rural communities, focusing on modular construction. The funds will be split with $1 million going to Habitat for Humanity International to advance housing innovation and $500,000 to the Greater Des Moines affiliate to support central Iowa communities. This initiative extends a 30-year partnership, bringing Wells Fargo's total donations to Habitat to more than $105 million since 2015.

•2mo ago

Wells Fargo & Company Declares Cash Dividends on Preferred Stock

Wells Fargo & Company declared quarterly cash dividends on six series of its preferred stock. The declared dividends include $18.75 per share for Series L and varying amounts for Series Y through DD, ranging from $0.26563 to $0.35156 per depositary share. All dividends are payable on September 15, 2026, to holders of record as of the close of business on August 31, 2026.

•2mo ago

Community and Civic Leaders Celebrate Opening of Industry-Leading Affordable Housing Development in Minneapolis

Wells Fargo joined Project for Pride in Living to celebrate the opening of Opportunity Crossing, a 110-unit affordable housing development in south Minneapolis built on the site of a former branch destroyed in 2020. The bank announced a new three-year, $400,000 grant to PPL to fund a Community Opportunity Hub providing financial counseling and homeownership support at the location. The six-story development features a new Wells Fargo branch with a next-generation design and includes 13,700 square feet of commercial space designed to support local businesses.

•3mo ago

Wells Fargo Foundation Awards $500,000 To Support Jerome Learners and Expand Rural Workforce Training Opportunities

Wells Fargo Foundation awarded a $500,000 grant to the College of Southern Idaho Foundation to support workforce training at the new LeRoy Craig CSI Jerome Center. The investment is part of Wells Fargo's Rural Initiative Tour and aims to strengthen economic opportunity and educational access in rural Idaho. The funding will help expand pathways for electricians, builders, and technicians, addressing the regional need for skilled labor to support the local housing supply. Executives emphasized the goal of enabling residents to live and work within their communities. A formal presentation of the gift is scheduled for the center's ribbon-cutting ceremony on August 14.

•3mo ago

Innovation Incubator Program Drives Real-World Impact in Affordable Housing and Electrical Grid Demands

Wells Fargo's Innovation Incubator (IN2) awarded $750,000 in funding to four organizations to pilot energy technologies aimed at affordable housing and grid modernization. The $56 million program, co-administered with the U.S. Department of Energy's National Laboratory of the Rockies, supports recipients like Habitat for Humanity of Greater Los Angeles and National Grid in deploying validated tech. These pilot projects focus on operational efficiency and business impact, with efforts ranging from wildfire-resilient housing to automated grid connection tools.

•3mo ago

$2M Philanthropic Investment Will Help Charlotte Cultivate New Tech Talent To Keep Pace With City's Growth

Wells Fargo and the Wells Fargo Foundation are providing a $2 million philanthropic investment to CodePath to support tech talent development in Charlotte. The collaboration will embed CodePath's courses and career services at UNC Charlotte and Johnson C. Smith University, starting with an initial cohort of 300 students. The program aims to scale to serving up to 2,000 students annually by 2028, helping to meet the demand for AI and software skills in the region's growing tech sector.

•3mo ago

Wells Fargo Reports Second Quarter 2026 Financial Results

Wells Fargo released its second quarter 2026 financial results via SEC Form 8-K and its investor relations website. The press release itself contains no performance data, directing stakeholders instead to the full filing for details. A conference call is scheduled for July 14 at 10:00 a.m. Eastern time to discuss the results.

•3mo ago

Wells Fargo to Announce Second Quarter 2026 Earnings on July 14, 2026 

Wells Fargo & Company scheduled the release of its second quarter 2026 earnings results for Tuesday, July 14, 2026 at approximately 7:00 a.m. Eastern time. The company will host a live conference call to discuss the results later that morning at 10:00 a.m. Eastern time, with webcast and dial-in options available. Wells Fargo operates as a diversified financial services company with approximately $2.2 trillion in assets across four reportable operating segments.

•4mo ago

Matching Grant Program Supports Homebuyer Education and Counseling

Wells Fargo collaborated with the Federal Home Loan Bank of Des Moines to provide a $685,952 grant to NeighborWorks Montana through the Member Impact Fund. The program matches member contributions at a rate greater than $2.40 for every $1, resulting in $1.6 million from members and $4 million in awards within the state. Wells Fargo has supported NeighborWorks Montana since 2001, with this funding aimed at expanding homebuyer education and counseling resources.

•4mo ago

Wells Fargo Investment Institute: When Every Headline Shouts, Discipline Matters Most

Wells Fargo Investment Institute released its 2026 Midyear Outlook, advising investors to stay disciplined amid market volatility and mixed economic signals. The report sets a year-end 2026 S&P 500 target range of 7,800 to 8,000 and forecasts US GDP growth of 2.2% with CPI inflation at 3.4%. WFII projects the federal funds rate will settle between 3.50% and 3.75% by year-end 2026 and suggests investors broaden AI exposure and prioritize income.

•4mo ago

Wells Fargo Named as ICON Preferred Mortgage Lender to Support 3D‑Printed Homes

Wells Fargo has been named a preferred mortgage lender for ICON, the leader in 3D-printed home construction. The partnership includes a 50-basis-point lender credit for qualified buyers financing ICON homes through Wells Fargo. This expands on a relationship that began in 2019, including a $500,000 grant from Wells Fargo to support affordable housing initiatives using ICON's technology.

•4mo ago

Wells Fargo Pledges $1 Million Donation Toward Skilled Trades in Pennsylvania

Wells Fargo announced a $1 million donation to support skilled trades training and workforce development in Pennsylvania. The contribution is part of an ongoing partnership with the mikeroweWORKS Foundation, building on more than $10 million provided nationwide over the past two years. U.S. Senator Dave McCormick and Mike Rowe attended the announcement event at Community College of Allegheny County to highlight the importance of workforce pipelines.

•4mo ago

Are You Ready to Buy a Home? Wells Fargo Finds Most Prospective First-Time Buyers Aren’t and Don’t Know It

Wells Fargo released findings from a nationwide survey of 2,012 prospective first-time homebuyers conducted by Ipsos. The data reveals a significant knowledge gap: while 70% of respondents felt knowledgeable, 75% answered four or fewer of twelve fundamental mortgage questions correctly, with only one person answering all correctly. Key blind spots included closing costs (90% lacked understanding) and the homebuying process steps (88% were unclear), suggesting a reliance on non-professional sources like social media and friends rather than lenders.

•5mo ago

Wells Fargo to Present at the Morgan Stanley U.S. Financials Conference

Wells Fargo CFO Mike Santomassimo is scheduled to present at the Morgan Stanley U.S. Financials Conference on June 9, 2026. The presentation will be webcast live and available for replay for three months. The release includes standard boilerplate describing Wells Fargo's $2.2 trillion asset base and operating segments.

•5mo ago

New Wells Fargo Study Finds Parents Use Money Rewards to Motivate Kids

Wells Fargo released a study finding that 72% of parents use money rewards to motivate their children, with academic performance being the top incentive at 51%. The survey, conducted by Ipsos among 1,500 parents, highlights how families use cash to teach work ethic and financial habits. This is a brand-awareness initiative for Wells Fargo’s youth banking segment and does not reflect any material change in the company’s financial or operational outlook.

•5mo ago

Entrepreneur Fund Announces 26 Recipients of Rural Field to Market Grant

Wells Fargo Foundation funded $450,000 in grants for 26 rural food and farm businesses in Minnesota through the Entrepreneur Fund. The grants support equipment purchases and infrastructure improvements to help small- to mid-size farms increase production and market access. This is a standard community impact initiative with no direct financial or operational impact on Wells Fargo's core banking business.

•5mo ago

Wells Fargo & Company Declares Cash Dividends on Preferred Stock

Wells Fargo declared quarterly cash dividends on six series of preferred stock, payable June 15, 2026. The Series L dividend is $18.75 per share, while the Series Y, Z, AA, CC, and DD dividends range from $265.63 to $351.56 per share. These payments correspond to the fixed coupon rates of each series and represent routine maintenance of preferred equity obligations.

•5mo ago

Invest Atlanta and Community Foundation For Greater Atlanta Announce New Wells Fargo Grants For Small Business Development and Housing Stability Across Metro Atlanta

Wells Fargo announced $2.8 million in new philanthropic grants to Invest Atlanta and the Community Foundation for Greater Atlanta to support small businesses and housing stability. The bank has now committed over $40 million to the region since 2021, reflecting a continued focus on community investment rather than core financial operations. Specific allocations include $550,000 for Invest Atlanta's BizLabs program and $2.25 million to address housing barriers through the Community Foundation.

•6mo ago

Wells Fargo & Company Announces Common Stock Dividend

Wells Fargo's board declared a quarterly common stock dividend of $0.45 per share. The dividend is payable on June 1, 2026, to stockholders of record at the close of business on May 8, 2026.

•6mo ago