News for Wells Fargo
Feb 12 · 12:20:00 PM · Source: Company Press Release
Wells Fargo Advisors Financial Network, LLC, through a relationship with FP Transitions, the nation’s leading provider of equity management valuation and succession planning services, announced the introduction of a new program that helps enable Wells Fargo Advisors Financial Network business owners to more precisely determine, build and monitor the value of their practice.
The Comprehensive Equity Management System is a comprehensive solution that will help business owners identify value of their advisory practice, plan for retirement and position their practice for continued growth.
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by Larry Etter
Dec 15 · 10:20:00 AM · Source: Company News Release
Wells Fargo & Company said it will redeem the $25 billion of series D preferred stock issued to the U.S. Treasury in October 2008 under the government’s Troubled Asset Relief Program (TARP), upon successful completion of a $10.4 billion common stock offering.
The company's CEO said Wells Fargo is "now we’re ready to fully repay TARP in a way that serves the interests of the U.S. taxpayer, as well as our customers, team members and investors."
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by Larry Etter
Oct 21 · 10:26:00 AM · Source: Wall Street Journal
Wells Fargo & Co.'s (WFC) third-quarter earnings surged 98% as results were boosted by the bank's acquisition of Wachovia, but credit-loss provisions and net charge-offs continued to rise.
Wells Fargo, the third-largest U.S. bank by market capitalization, posted earnings of $3.24 billion, or 56 cents a share, up from $1.64 billion, or 49 cents a share, a year earlier. The company had 41% more shares outstanding in the most recent period amid the takeover. Revenue more than doubled to $22.5 billion.
Analysts polled by Thomson Reuters projected earnings of 37 cents on revenue of $21.64 billion.
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by Larry Etter
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