News
WFC-PRN
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Oklahoma attorney general fires legal team after judge blocks anti-ESG law
Oklahoma attorney general fires legal team after judge blocks anti-ESG law. Law prohibits state pension systems from contracting with companies that limit investment in the oil and gas industry. A state judge temporarily blocked enforcement of the law on Tuesday. Attorney general says he is firing the outside legal team hired to defend the law.
Reuters · 9h ago
UPDATE 2-US banks face climate risk data challenges, Fed analysis shows
U.S. Banks face significant data and modeling challenges in predicting impact of climate change, Fed says. The Federal Reserve conducted its first analysis on the issue in 2023. The exercise looked at how banks would manage the risks of rising temperatures and changing policies. The European Central Bank and Bank of England have directed banks to do climate risk analysis.
Reuters · 1d ago
WELLS FARGO LAUNCHES SIGNIFY BUSINESS CASH MASTERCARD®
Reuters · 1d ago
WELLS FARGO & COMPANY ANNOUNCES FULL REDEMPTION OF ITS SERIES S PREFERRED STOCK AND RELATED DEPOSITARY SHARES
Reuters · 1d ago
UPDATE 1-Oklahoma anti-ESG law blocked by state judge
Oklahoma judge blocks a state law that prohibits state pension systems from investing in oil and gas industry. Law is among dozens of Republican-sponsored bills that aim to free fossil fuel companies from environmental constraints. The judge says the law appears aimed at countering political agendas. The law prohibits state agencies from doing business with firms that limit investments in energy.
Reuters · 2d ago
US sues Hyundai, Kia finance arm for repossessing service members' vehicles
US sues Hyundai, Kia finance arm for repossessing service members' vehicles. The U.S. Government accuses Hyundai Capital America of repossession of 26 vehicles leased by military service members. The Justice Department says it violated the Servicemembers Civil Relief Act. The automakers did not respond to requests for comment.
Reuters · 2d ago
UPDATE 1-Wells Fargo names former JPMorgan executive as co-head of investment bank
Wells Fargo appoints Fernando Rivas as co-CEO of its corporate and investment banking. Rivas most recently served as head of North American investment banking at JPMorgan Chase. The bank is looking to expand market share on Wall Street. His career at the largest U.S. Bank spanned 30 years.
Reuters · 2d ago
Wells Fargo names Fernando Rivas as co-CEO of corporate and investment banking
Reuters · 2d ago
WELLS FARGO & CO: RIVAS JOINS WELLS FARGO AFTER A NEARLY 30-YEAR CAREER AT JP MORGAN
Reuters · 2d ago
WELLS FARGO HIRES EX-JPMORGAN INVESTMENT-BANK BOSS FERNANDO RIVAS - WSJ
Reuters · 2d ago
U.S. RESEARCH ROUNDUP- Berkshire Hathaway, Parker-Hannifin, Quaker Houghton
Wall Street analysts revise their ratings and price targets on several U.S.-listed companies. Berkshire Hathaway, Parker-Hannifin, Quaker Houghton and Texas Roadhouse among those. Analysts raise target prices on several companies, while cutting others.
Reuters · 4d ago
WELLS FARGO & CO <WFC.N>: EVERCORE ISI RAISES TARGET PRICE TO $69 FROM $67
Reuters · 4d ago
WELLS FARGO & CO - HEADCOUNT AS OF QTR ENDED MARCH 31, 2024 WAS 224,824 VS 225,869 AS OF QTR ENDED DEC 31, 2023
Reuters · 05/02 21:37
MEDIA-Wells Fargo, RBC bankers met Texas AG staff regarding ESG probe- Bloomberg News
Reuters · 05/01 15:43
WELLS FARGO & CO <WFC.N>: JP MORGAN RAISES TARGET PRICE TO $61.50 FROM $59
Reuters · 05/01 09:17
U.S. RESEARCH ROUNDUP- Air Products and Chemicals, Geron, PayPal
Wall Street analysts revise ratings and price targets on several U.S.-listed companies. Air Products and Chemicals, Geron, PayPal, and PayPal among those revised. 3M Co, Amazon, and other companies also see price targets cut by Wall Street analysts. Some analysts raise target prices for some companies.
Reuters · 05/01 08:31
WELLS FARGO & COMPANY ANNOUNCES COMMON STOCK DIVIDEND
Reuters · 04/30 19:00
WELLS FARGO & CO - BOARD OF DIRECTORS APPROVED A QUARTERLY COMMON STOCK DIVIDEND OF $0.35 PER SHARE
Reuters · 04/30 19:00
WELLS FARGO & CO - SHAREHOLDERS DID NOT APPROVE EIGHT SHAREHOLDER PROPOSALS PRESENTED AT MEETING
Reuters · 04/30 17:30
Wells Fargo investors approve executive pay, CEO underscores risk controls
Wells Fargo investors approve executive pay, CEO underscores risk controls. CEO Charlie Scharf's 2023 package to $29 million. The bank's profit fell 7% in the first quarter. The lender is investing in risk and control infrastructure after a 2016 scandal in which employees opened fraudulent accounts.
Reuters · 04/30 17:12
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About WFC-PRN
Wells Fargo & Company is a bank holding company. The Company is a diversified financial services company. The Company provides banking, investment and mortgage products and services, through banking locations and offices, the Internet and other distribution channels to individuals, businesses and institutions in states, the District of Columbia and in countries outside the United States. The Company provides consumer financial products and services including checking and savings accounts, credit and debit cards, and auto, mortgage and home equity, and small business lending. It provides other offer financial planning, private banking, investment management, and fiduciary services. The Company also provides financial solutions to businesses through products and services including traditional commercial loans and lines of credit, letters of credit, asset-based lending, trade financing, treasury management, and investment banking services.