WELLS FARGO & COMPANY/MN reported Quarter ended Mar 31, 2026 results: revenue $ 21,446, net income 5,253, EPS 1.60.
“Quarter ended Mar 31, 2026 Mar 31, 2025 Selected Income Statement Data ($ in millions except per share amounts) Total revenue $ 21,446 20,149 Noninterest expense 14,330 13,891 Provision for credit losses 1 1,135 932 Net income 5,253 4,894 Diluted earnings per common share 1.60 1.39”
Governance Changes
WELLS FARGO & COMPANY/MN: Filed a Certificate of Designation establishing a new series of Preferred Stock, Series GG, with 90,000 authorized shares, no par value, and a $25,000 liquidation preference (effective 2026-03-16).
“On March 16, 2026, the Company filed with the Delaware Secretary of State a Certificate of Designation which, effective upon filing, designated a series of such Preferred Stock as “6.125% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series GG,” authorized 90,000 shares of Non-Cumulative Perpetual Class A Preferred Stock, Series GG, without par value and with a liquidation preference amount of $25,000 per share”
Governance Changes
WELLS FARGO & COMPANY/MN: Eliminated the Certificate of Designation for the Series BB Preferred Stock from the Restated Certificate of Incorporation (effective 2026-03-17).
“On March 17, 2026, Wells Fargo & Company (the “Company”) filed with the Delaware Secretary of State a Certificate Eliminating the Certificate of Designation with respect to the Company’s 3.90% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series BB (the “Series BB Preferred”), which, effective upon filing, eliminated from the Company’s Restated Certificate of Incorporation all matters set forth in the Certificate of Designation for the Series BB Preferred, filed with the Delaware Secretary of State on January 22, 2021.”
Governance Changes
WELLS FARGO & COMPANY/MN: The Board amended the By-Laws to remove the requirement that the Chairman be an independent director and to update shareholder nomination procedures and other technical changes (effective 2025-07-29).
“On July 29, 2025, the Board approved and adopted the Company’s By-Laws (as amended and restated, the “By-Laws”), effective immediately. Among other things, the amendments remove the requirement that the Chairman of the Board be an independent director.”
Governance Changes
WELLS FARGO & COMPANY/MN: Eliminated Certificate of Designations for Series U Preferred Stock from Restated Certificate of Incorporation (effective 2025-06-17).
“On June 17, 2025, Wells Fargo & Company (the “Company”) filed with the Delaware Secretary of State a Certificate Eliminating the Certificate of Designations with respect to the Company’s 5.875% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series U (the “Series U Preferred”), which, effective upon filing, eliminated from the Company’s Restated Certificate of Incorporation all matters set forth in the Certificate of Designations for the Series U Preferred, filed with the Delaware Secretary of State on January 22, 2015.”
Fernando Rivas changed role as Sole CEO of Corporate & Investment Banking at WELLS FARGO & COMPANY/MN.
“Fernando Rivas, who joined the Company in May 2024 as Co-CEO of CIB, will become CIB’s sole CEO effective immediately.”
Jon Weiss departed as Co-CEO of Corporate & Investment Banking at WELLS FARGO & COMPANY/MN.
“Mr. Weiss will step down as Co-CEO of CIB effective immediately and will retire from the Company on June 1, 2025.”
Governance Changes
WELLS FARGO & COMPANY/MN: Shareholders approved an amendment to the Restated Certificate of Incorporation to opt out of DGCL Section 203 (effective 2024-05-02).
“the Company’s shareholders approved an amendment to the Restated Certificate of Incorporation (the “Certificate”) to opt out of Delaware General Corporation Law (“DGCL”) Section 203”
Shareholder Votes
WELLS FARGO & COMPANY/MN shareholders approved Approve an Amendment to the Restated Certificate of Incorporation to Opt Out of DGCL Section 203 at the 2024-04-30 meeting.
“Approve an Amendment to the Restated Certificate of Incorporation to Opt Out of DGCL Section 203 FOR % 3 AGAINST ABSTENTIONS BROKER NON-VOTES 2,770,856,131 78.26% 37,463,801 15,434,618 309,801,446”
Shareholder Votes
WELLS FARGO & COMPANY/MN shareholders approved Ratify the Appointment of KPMG LLP as the Company’s Independent Registered Public Accounting Firm for 2023 at the 2024-04-30 meeting.
“Ratify the Appointment of KPMG LLP as the Company’s Independent Registered Public Accounting Firm for 2023 FOR % 2 AGAINST ABSTENTIONS BROKER NON-VOTES 2,954,827,444 94.30% 167,509,696 11,218,856 —”
Shareholder Votes
WELLS FARGO & COMPANY/MN shareholders approved Advisory Resolution to Approve Executive Compensation (Say on Pay) at the 2024-04-30 meeting.
“Advisory Resolution to Approve Executive Compensation (Say on Pay) FOR % 2 AGAINST ABSTENTIONS BROKER NON-VOTES 2,618,568,744 92.73% 189,660,838 15,524,968 309,801,446”
Shareholder Votes
WELLS FARGO & COMPANY/MN shareholders approved Election of 13 director nominees at the 2024-04-30 meeting.
“The Company held its annual meeting of shareholders on April 30, 2024 (“2024 Annual Meeting”). At the 2024 Annual Meeting, shareholders elected the 13 director nominees nominated by the Board as each director nominee received a greater number of votes cast “for” his or her election than votes cast “against” his or her election”
Earnings Releases
WELLS FARGO & COMPANY/MN reported the quarter ended March 31, 2024 results: revenue $20,863, net income $4,619, EPS $1.20 per diluted share.
“per Diluted Share Company-wide Financial Summary Quarter ended Mar 31, 2024 Mar 31, 2023 Selected Income Statement Data ($ in millions except per share amounts) Total revenue $ 20,863 20,729 Noninterest expense 14,338 13,676 Provision for credit losses 1 938 1,207 Net income 4,619 4,991 Diluted earnings per common share 1.20 1.23 Selected Balance Sheet Data ($”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.