Fernando Rivas
Fernando Rivas, who joined the Company in May 2024 as Co-CEO of CIB, will become CIB’s sole CEO effective immediately.
Highest-materiality recent filing
Wells Fargo issues $6.0B in senior notes across three tranches maturing 2029-2032
$2.25B Senior Redeemable Fixed-to-Floating Rate Notes due May 20, 2029.
Wells Fargo annual meeting elects all directors, approves incentive plan amendment adding 45M shares
All 12 director nominees elected with over 93% support; Charles Scharf received 95.28%.
Wells Fargo Q1 2026 net income $5.3B, EPS $1.60 up 15% YoY; revenue $21.4B
Diluted EPS $1.60 vs $1.39 Q1 2025 (+15%); total revenue $21.4B (+6%).
Wells Fargo issues $2.25B of 6.125% Fixed Rate Reset Preferred Stock (Series GG)
Authorized 90,000 shares of Series GG Preferred, liquidation preference $25,000 per share.
Wells Fargo eliminates Series BB Preferred Stock from certificate of incorporation
Filed Certificate Eliminating Certificate of Designation for 3.90% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series BB.
Wells Fargo to redeem all Series BB Preferred Stock on March 16, 2026, at $25,000 per share
All 140,400 outstanding Series BB Preferred Shares redeemed at $25,000 per share; also includes 3,510,000 depositary shares at $1,000 each.
Wells Fargo establishes Medium-Term Note Programs, Series AA and Series B
On Feb 13, 2026, Wells Fargo & Company established its Medium-Term Note Program, Series AA.
Wells Fargo grants CEO Scharf $40M comp for 2025; cites regulatory wins, EPS up 17%
Board approved CEO Charles Scharf's total compensation of $40M for 2025, consisting of $2.5M salary and $37.5M variable.
Wells Fargo issues $8.0B in Senior Redeemable Medium-Term Notes, Series Y
$500M Senior Redeemable Floating Rate Notes due Jan 23, 2030.
Settlement resolves claims that directors breached duties over fair lending and hiring practices; no admission of liability.
Wells Fargo Q4 net income $5.4B, EPS $1.62; revenue $21.3B up 4%; asset cap lifted
Net income $5.4B ($1.62 EPS); adjusted $5.8B ($1.76 EPS) excluding $612M severance. Revenue $21.3B, up 4% YoY.
Wells Fargo redeems Floating Rate Junior Subordinated Debentures due 2027 on Jan 15, 2026
Redeems all Floating Rate Junior Subordinated Debentures (CUSIP 949746TG6) on Jan 15, 2026 at 100% par plus accrued interest.
Wells Fargo Q3 EPS $1.66, revenue $21.4B, CET1 11.0%; Scharf named Chairman
Net income $5.6B, EPS $1.66 (up 17% YoY), revenue $21.4B (+5% YoY).
Wells Fargo issues $4B in Medium-Term Notes across three tranches
$1.5B Senior Redeemable Fixed-to-Floating Rate Notes due September 15, 2029.
Wells Fargo establishes Series Y and Z note programs on Aug 28, 2025
Established Medium-Term Note Program, Series Y, and Subordinated Medium-Term Note Program, Series Z.
Wells Fargo intends to appoint CEO Charlie Scharf as Chairman; awards $30M in special equity
Board awarded CEO Charlie Scharf $30M in Restricted Share Rights and 1.046M stock options on July 29, 2025.
Wells Fargo issues $1.5B senior notes due April 23, 2031
Issued $1,500,000,000 Medium-Term Notes, Series W, Senior Redeemable Fixed-to-Floating Rate Notes due April 23, 2031.
Wells Fargo Q2 net income $5.5B ($1.60 EPS), up 12% YoY; revenue $20.8B, +1%
Diluted EPS $1.60 vs $1.33 YoY; net income $5,494M, up 12% from $4,910M.
Wells Fargo eliminates Certificate of Designations for Series U Preferred Stock
Filed Certificate Eliminating Certificate of Designations for Series U Preferred on June 17, 2025.
Fed removes Wells Fargo asset-growth cap; special $2,000 stock award to employees
Federal Reserve lifts 2018 consent order asset cap after Wells Fargo met all conditions.
Wells Fargo to redeem $450M in capital securities from CoreStates trusts on June 30, 2025
Redemption notices submitted for CoreStates Capital II ($150M) and CoreStates Capital III ($300M) capital securities.
Wells Fargo to redeem all Series U Preferred Stock on June 16, 2025
Redeems all 80,000 shares of 5.875% Series U Preferred at $25k/share and 2M depositary shares at $1k/share.
Wells Fargo shareholders elect all 13 directors, approve say-on-pay and KPMG ratification
All 13 director nominees elected; Ronald L. Sargent received lowest support at 90.91% of votes cast.
Wells Fargo proposes $100M derivative settlement over regulatory oversight claims
D&O insurers to pay $100M to Wells Fargo; no direct payments to shareholders.
Wells Fargo issues $8.0B in senior medium-term notes across four tranches
$3B Senior Redeemable Fixed-to-Floating Rate Notes due April 23, 2036.
Wells Fargo Q1 EPS $1.39 (+16% YoY), revenue $20.1B, closes five consent orders
Net income $4.9B, diluted EPS $1.39, up 16% YoY; total revenue $20.1B, down 3% YoY.
Wells Fargo confirms OCC terminated 2021 Home Lending consent order
OCC terminated 2021 consent order on loss mitigation practices in Home Lending, effective March 17, 2025.
Wells Fargo confirms termination of 2018 OCC compliance consent order
OCC terminated the 2018 consent order related to compliance risk management.
Wells Fargo CIB Co-CEO Jon Weiss retiring June 1; Fernando Rivas takes over immediately
Jon Weiss steps down as Co-CEO of Corporate & Investment Banking effective immediately; will retire June 1, 2025.
Wells Fargo CEO Scharf awarded $31.2M total comp for 2024; EPS up 11% YoY
Board approved $31.2M total compensation for CEO Charles Scharf for 2024: $2.5M salary + $28.7M variable ($7.2M cash, $21.5M equity).
Wells Fargo announces termination of 2022 CFPB consent order; seventh closed since 2019
CFPB consent order from 2022 covering auto lending, deposit accounts, and mortgage lending terminated January 28, 2025.
Wells Fargo issues $6B in senior notes across three tranches
$3.0B Senior Redeemable Fixed-to-Floating Rate Notes due Jan 2031.
Wells Fargo Q4 net income $5.1B, EPS $1.43; FY repurchases $20B; OCC consent order terminated
Q4 2024 net income $5,079M ($1.43 EPS) vs $3,446M ($0.86 EPS) a year ago; revenue $20,378M.
Wells Fargo issues $2.5B in Senior Redeemable Fixed-to-Floating Notes due 2035
Issued $2.5B aggregate principal amount of Senior Redeemable Fixed-to-Floating Rate Notes due December 3, 2035.
Wells Fargo Q3 net income $5.1B ($1.42 EPS), down 11% YoY; revenue $20.4B
Net income fell to $5.114B from $5.767B YoY; diluted EPS $1.42 vs $1.48.
Wells Fargo enters OCC formal agreement over AML/sanctions compliance failures
OCC cites deficiencies in AML internal controls and financial crimes risk management, along with violations of BSA/OFAC rules.
Wells Fargo raises $2B via 6.85% perpetual preferred stock issuance
Wells Fargo issued $2B of 6.85% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock (Series FF).
Wells Fargo Reports Q2 2024 Net Income of $4.9B, EPS $1.33
Revenue was $20.7B, net income $4.9B, diluted EPS $1.33 vs $1.25 a year ago.
Wells Fargo eliminates Series S Preferred Stock designation effective June 18, 2024
Filed Certificate Eliminating Certificate of Designations for 5.90% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series S.
Wells Fargo redeems all Series S Preferred Stock for $2B on June 17, 2024
Wells Fargo will redeem all 80,000 shares of Series S Preferred (5.90% Fixed-to-Floating) on June 17, 2024.
Wells Fargo shareholders approve opt-out of DGCL Section 203, elect all 13 directors
All 13 director nominees elected; say-on-pay approved with 92.73% support.
Wells Fargo issues CAD 1.25B 5.083% Fixed-to-Floating Rate Notes due 2028
Issued CAD 1,250,000,000 of 5.083% Fixed-to-Floating Rate Notes maturing April 26, 2028.
Wells Fargo issues $4.25B in Senior Notes due 2028
$3.25B Senior Redeemable Fixed-to-Floating Rate Notes due April 22, 2028 issued.
Wells Fargo Q1 net income $4.6B ($1.20 EPS); OCC terminates 2016 sales practices order
Net income $4.6B ($1.20 diluted EPS) vs $4.99B ($1.23) in Q1 2023; revenue $20.86B slightly up from $20.73B.
Fernando Rivas, who joined the Company in May 2024 as Co-CEO of CIB, will become CIB’s sole CEO effective immediately.
Mr. Weiss will step down as Co-CEO of CIB effective immediately and will retire from the Company on June 1, 2025.
Max materiality 0.90 · Median 0.60 · Most common event debt