secwatch.observer — SEC 8-K summary
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Issuer:     WELLS FARGO & COMPANY/MN (WFC)
CIK:        0000072971
Form:       8-K
Filed at:   2023-01-13T23:59:59+00:00
Accession:  0000072971-23-000003
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Wells Fargo Q4 2022 net income $2.9B, EPS $0.67, includes $0.70/share litigation charge
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- Net income $2.9B, diluted EPS $0.67; includes ($0.70)/share impact from litigation, regulatory, customer remediation.
- Total revenue $19.66B vs $20.86B YoY, down 5.7%.
- Operating losses of $3.3B from historical matters; $1.0B equity impairment in venture capital.
- CET1 ratio 10.6% vs 11.4% prior year; provision for credit losses $957M vs ($452M) YoY.
- CEO cites CFPB settlement progress; underlying performance improved on rising rates.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/72971/000007297123000003/0000072971-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/72971/000007297123000003/wfc-20230113.htm
  HTML page:      https://secwatch.observer/filing/0000072971-23-000003

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