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 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 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 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.
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 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 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 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.
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 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 proposes $100M derivative settlement over regulatory oversight claims
D&O insurers to pay $100M to Wells Fargo; no direct payments to shareholders.
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 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 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 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