Wells Fargo Issues Statement Regarding the Federal Reserve’s Stress Test Results and Intention to Raise Dividend by 14%
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: Business Wire
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today announced that it has completed the 2024 Comprehensive Capital Analysis and Review (CCAR) stress test process. The Company expects its stress capital buffer (SCB) to be 3.8%, which represents a percentage amount of incremental capital the Company must hold above its minimum regulatory capital requirements. The Federal Reserve Board (FRB) has indicated that it will publish the Company’s final SCB by August 31, 2024.This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240628851200/en/Facade of a Wells Fargo bank branch in Manhattan (Photo: Wells Fargo)The Company expects to increase its third quarter 2024 common stock dividend by 14 percent to $0.40 per share from $0.35 per share, subject to approval by the Company’s Board of Directors at its regularly scheduled meeting in July. Additionally, over the four-quarter period beginning third quarter 2024 through
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WFC
Earnings
- 4/12/24 - Beat
WFC
Sec Filings
- 6/27/24 - Form 4
- 6/27/24 - Form 4
- 6/20/24 - Form 424B2
- WFC's page on the SEC website