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As mentioned in the introduction, Wells just increased its dividend by 14% and now yields 2.5%. And when it comes to buybacks, Wells Fargo spent $12 billion on buybacks -- roughly 6% of its entire ...
Stockholders with positions in Wells Fargo will receive the new dividend on Sept. 1 if they were owners as of Aug. 9. The raised dividend yields a theoretical 3% at the bank's most recent closing ...
Why Wells Fargo Stock Is Falling Today. Lou Whiteman, The Motley Fool. July 12, 2024 at 9:26 AM. Banking giant Wells Fargo(NYSE: WFC) reported earnings results today, surpassing quarterly ...
The merged company claims legacy Wells Fargo’s history (dating to 1852) as its own, and also adopted legacy Wells Fargo's ticker symbol, WFC. However, it retains Norwest's pre-1998 stock price history and corporate structure, and all pre-1998 SEC filings are under Norwest, not Wells Fargo.
On December 23, 2009, Wells Fargo redeemed the $25 billion of series D preferred stock issued to the U.S. Treasury under the Troubled Asset Relief Program's Capital Purchase Program. As part of the redemption of the preferred stock, Wells Fargo also paid accrued dividends of $131.9 million, bringing the total dividends paid to the U.S. Treasury ...
It changed its name back to Wells Fargo Bank in 1962. In 1968, Wells Fargo was converted to a federal banking charter and became Wells Fargo Bank, N.A. In that same year, Wells Fargo merged with Henry Trione's Sonoma Mortgage in a $10.8 million stock transfer, making Trione the largest shareholder in Wells Fargo until Warren Buffett and Walter ...
The bank trades at a price-to-book ratio of about 0.48, according to LSEG data. A ratio below one typically indicates an undervalued stock. ... Bank of America and Wells Fargo. ...
To be fair, Wells Fargo isn't the only bank stock that beat the S&P 500 in the first half of 2024. In fact, most big banks did, as the economy is proving to be more resilient than expected in the ...