Wells Fargo is a leading financial services company that provides a wide range of banking, investment, and mortgage products and services to individuals, businesses, and institutions. With a national presence, Wells Fargo operates through a network of branches and ATMs, offering services such as personal and commercial banking, wealth management, and asset management. The company is committed to supporting its customers' financial needs while also focusing on community engagement and sustainable practices. In addition to traditional banking services, Wells Fargo is involved in various financial markets and investment banking activities, helping clients navigate complex financial landscapes. Read More
Beeline Holdings announces new home equity access product through partnership with RealCo, offering homeowners quick and flexible cash without debt or monthly payments. Launching in July with beta testing in June.
U.S. stock markets ended the day in the green, with the Nasdaq climbing more than 150 points, up 0.8% to 19,398.86. The S&P 500 advanced 0.58% to finish at 5,970.37, while the Dow Jones Industrial Average added 0.5%, closing at 42,519.64.
Wells Fargo & Co. shares are rising in Tuesday's after-hours session after the company announced it's no longer subject to asset growth restrictions imposed in 2018.
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.
The company also stated that the interim data from the trial showed the therapy significantly extended median overall survival by more than five months.
According to TheFly, Wells Fargo analyst Mike Mayo stated that Citi is on the cusp of transitioning from value destruction to value creation, noting that the stock should rise above its tangible book value.
The regulation known as the Supplementary Leverage Ratio garnered further attention following a selloff of U.S. debt in April following Trump’s “Liberation Day” tariffs.
Shares of leasing services company GATX (NYSE:GATX) jumped 10% in the afternoon session after it struck a $4.4 billion deal to buy about 105,000 railcars from Wells Fargo through a new joint venture with Brookfield Infrastructure Partners.
Wells Fargo to sell rail assets to joint venture for $4.4 billion, with GATX and Brookfield owning 30% and 70% respectively. Deal expected to close by Q1 2026.
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.
