Wells Fargo (WFC)

Wells Fargo Commercial Banking has aggressively expanded its team of healthcare industry bankers by more than 30% since the start of 2025, with more hires expected in the second half of the year. The team’s expansion is being fueled by continued growth in the U.S. healthcare sector, coupled with client demand for specialized coverage.

Wells Fargo & Company (NYSE: WFC) has released its second quarter 2025 financial results. The financial results are available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/ and on a Form 8-K filed by the company with the Securities and Exchange Commission (SEC) on July 15, 2025, and available on the SEC’s website at www.sec.gov.

To meet growing demand for specialized solutions, Wells Fargo & Company (NYSE: WFC) today announced the appointment of Tim Ruby as division executive for the Healthcare, Higher Education, and Not-for-Profit division (HHN). Based in Chicago, Ruby reports to Phil Smith, vice chair of Specialized Industries, a business line within Commercial Banking.

Wells Fargo Technology Banking has expanded its Chicago-based team with two key hires, reinforcing the bank’s long-term commitment to innovation and growth in commercial banking for the tech sector. This expansion represents the largest investment in talent since the group’s inception 25 years ago.

Wells Fargo & Company (NYSE: WFC), as previously announced, will report its second quarter 2025 earnings results on Tuesday, July 15, 2025, at approximately 7:00 a.m. Eastern time. The results will be available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/. In addition to being available on the company’s Investor Relations website, the earnings results also will be available on the Securities and Exchange Commission website at https://www.sec.gov.

Wells Fargo today released a new study illustrating how much allowance parents are providing their children and the difficulties parents have in teaching their children about money.

Wells Fargo & Company (NYSE: WFC) today announced that it has completed the 2025 Comprehensive Capital Analysis and Review (CCAR) stress test process. The Federal Reserve Board’s (FRB) calculations resulted in an expected stress capital buffer (SCB) for the Company below the minimum, and the Company therefore expects its SCB to decrease from 3.8% to the minimum of 2.5%, which represents a percentage amount of incremental capital the Company must hold above its minimum regulatory capital requirements. The FRB has indicated that it will publish the Company’s final SCB by August 31, 2025. The FRB has a pending notice of proposed rule making that, if finalized as proposed, would result in the Company’s expected SCB being 2.6%.

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Today, i2i Logic and Wells Fargo & Company (NYSE:WFC) announced that the i2i Logic Client Intelligence Platform will be implemented by Wells Fargo Commercial Banking to drive a personalized experience for its clients.

Wells Fargo Investment Institute (WFII) today released its “Midyear Outlook report: Opportunities amid uneven terrain.” The first half of 2025 delivered some of the most stunning and rapid policy changes of the past 80 years. This midyear report assesses the changes since the release of WFII’s 2025 Outlook in December and highlights the potential risks and opportunities that may lie ahead. The report includes specific ideas to build portfolio diversification and resilience during the remainder of 2025 and 2026.

Wells Fargo & Company (NYSE: WFC) today confirmed that the Board of Governors of the Federal Reserve System (the Federal Reserve) has determined that Wells Fargo has met all conditions required to remove the limits on growth in total assets imposed in its 2018 consent order. Conditions to lift the restriction outlined in the order included wide-ranging requirements to support board effectiveness and improvements in the company’s firmwide compliance and operational risk programs. It also included a requirement for a third-party independent review of the work completed by the company. This third-party review was in addition to reviews the Federal Reserve undertook directly.

Wells Fargo & Company (NYSE: WFC) said today that Chief Financial Officer Mike Santomassimo will present at the Morgan Stanley U.S. Financials Conference on Tuesday, June 10, 2025 at 9:00 a.m. ET.

Wells Fargo & Company (NYSE: WFC) and Wells Fargo Bank, National Association (the “Bank”) today announced that the Bank, as sponsor of the trusts listed below, has submitted redemption notices to the property trustee for the redemption of the capital securities listed below on June 30, 2025 (the “Redemption Date”). The redemption price for each security will be equal to 100% of the principal amount of the securities plus accumulated and unpaid distributions to, but excluding, the Redemption Date.

Wells Fargo & Company (NYSE: WFC) today announced it has entered into a definitive agreement to sell the assets of the company’s rail equipment leasing business to a newly formed joint venture between GATX Corporation and Brookfield Infrastructure. The transaction is expected to close in Q1 2026 or sooner, subject to satisfaction of customary closing conditions.

Wells Fargo & Company (NYSE: WFC) today confirmed that the Office of the Comptroller of the Currency’s 2015 agreements relating to the company’s previously held financial subsidiaries have terminated. This is the thirteenth consent order closed by Wells Fargo’s regulators since 2019 and the seventh since the beginning of the year. The company’s one remaining consent order is the 2018 consent order with the Federal Reserve Board.

Wells Fargo & Company (NYSE: WFC) said today that Chief Executive Officer Charlie Scharf will present at the Bernstein Strategic Decisions Conference on Wednesday, May 28, 2025 at 8:00 a.m. ET.

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Wells Fargo & Company (NYSE: WFC) today announced dividends on six series of preferred stock.

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Wells Fargo & Company (WFC) today announced Open for Business Growth, a new $20 million philanthropic program where nonprofits enable small business owners ready to scale operations or grow revenue. Launching first in Chicago, the program will expand to other markets across the U.S. in the coming year.

Wells Fargo & Company (NYSE: WFC) today announced that on June 15, 2025 (which, due to the occurrence of a non-business day, will shift to June 16, 2025), it will redeem all 80,000 outstanding shares (the “Redeemed Series U Preferred Shares”) of its 5.875% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series U (the “Series U Preferred Stock”). The redemption of the Redeemed Series U Preferred Shares will trigger the redemption of the 2,000,000 outstanding shares of the related depositary shares (the “Redeemed Series U Depositary Shares”), each representing a 1/25 interest in a share of Series U Preferred Stock (the “Series U Depositary Shares”). The redemption price will be equal to $25,000.00 per Redeemed Series U Preferred Share and $1,000.00 per Redeemed Series U Depositary Share. After giving effect to the redemption, no shares of the Series U Preferred Stock or the Series U Depositary Shares will remain outstanding.

Wells Fargo in collaboration with Operation HOPE, a national nonprofit dedicated to financial empowerment for underserved communities, today introduced HOPE Inside for Small Business to provide financial coaching and support to small business customers in key markets at no cost. Starting in Baldwin Hills and Van Nuys neighborhoods of Los Angeles, Calif., and Charlotte, N.C., this expansion builds on the existing HOPE Inside program that helps empower community members to achieve their financial goals through financial education workshops and personalized coaching.

Wells Fargo & Company (NYSE: WFC) announced today its expected earnings release dates and conference call information for the first, second, third, and fourth quarters of 2026. Financial results will be released at approximately 7:00 a.m. Eastern time, and the live conference call will be at 10:00 a.m. Eastern time. Confirmation of these calls, as well as details on how to listen, will be provided before the scheduled release dates.

April’s U.S. nonfarm payroll data showed a net gain of 177,000 jobs, beating expectations (130,000) but moderating from the prior month’s upwardly revised 228,000. The unemployment rate held at 4.2%, and wage growth slowed modestly to 0.2% MoM.

Wells Fargo & Company (NYSE: WFC) today announced its board of directors approved a quarterly common stock dividend of $0.40 per share, payable June 1, 2025, to stockholders of record on May 9, 2025.