WELLS FARGO & COMPANY/MN (WFC) Company Report

On March 15, 2026 (shifting to March 16 due to a non-business day), Wells Fargo will fully redeem all 140,400 Series BB Preferred Shares and 3,510,000 related depositary shares.
The redemption prices are $25,000 per Preferred Share and $1,000 per Depositary Share; regular quarterly dividends will be paid separately on the redemption date to holders of record on February 27, 2026.
After the redemption, no Series BB Preferred Shares or depositary shares will remain outstanding, and all regulatory requirements have been satisfied.

3 days ago

Press Release

National Healthcare Properties Reports Q4 and Full Year 2025 Results

WFC

Earnings

Debt Issuance

Q4 net loss of $0.92 per share, with FFO of $0.07 and Normalized FFO of $0.20 per diluted share; FFO per share down 49.1% and Normalized FFO down 12.8% year-over-year.
Full year net loss of $2.51 per share, with FFO of $0.64 and Normalized FFO of $0.83 per diluted share; FFO per share up 116.7% and Normalized FFO up 162.7% year-over-year.
Same Store Cash NOI growth of 9.8% in Q4 and 9.0% for the full year, driven by SHOP segment increases of 26.5% (Q4) and 21.8% (FY) and OMF growth of 1.9% (Q4) and 2.9% (FY).
Year-end net debt of ~$1.0 billion at a 5.75% average rate and net leverage of 9.2x, following the addition of a $400 million revolving facility and $150 million term loan maturing December 2028.

8 days ago

Press Release

Wells Fargo projects $150B tax refunds to bolster markets and crypto

WFC

Wells Fargo forecasts up to $150 billion in U.S. tax refunds by late March, potentially fueling equities and higher-beta assets like Bitcoin.
By Feb 6, the IRS processed over 20.6 million returns and issued $16.954 billion in refunds; average refund $2,290 (+10.9% yoy), average direct deposit $2,388.
Analyst Ohsung Kwon expects high-income taxpayers to channel additional savings into equities, reviving retail “YOLO” trading.
A recent $105 billion domestic liquidity contraction coincided with a 29% drop in Bitcoin, indicating modest refund inflows could have outsized market impact.

Feb 17, 2026, 5:30 PM

CNBC

Wells Fargo launches Medium-Term Note Programs Series AA and Series B

WFC

Debt Issuance

On February 13, 2026, Wells Fargo & Company established its Medium-Term Note Program, Series AA, and Wells Fargo Finance LLC established Series B under an effective Form S-3 shelf registration.
The shelf registration (No. 333-292881) permits up to $15 billion aggregate offering of debt securities, including these Series AA and Series B notes.
Filed Exhibits include the Series AA Distribution Agreement (Exhibit 1.1) and Series B Distribution Agreement (Exhibit 1.2).
Also filed were the Global Master Note forms: Series AA (Exhibit 4.1) and Series B (Exhibit 4.2).

Feb 13, 2026, 7:00 PM

8-K

Wells Fargo outlines post-Asset Cap growth strategy at UBS Conference

WFC

Guidance Update

Revenue Acceleration/Inflection

New Projects/Investments

Wells Fargo sees 2026 consumer spend rising year-over-year across debit and credit, with delinquencies remaining low and no signs of systemic credit deterioration; commercial loan utilization is still muted, while markets activity remains robust despite periodic volatility.
Since the Asset Cap lift, the bank has reallocated its balance sheet to high-growth areas—launching new credit card products, expanding auto lending via the Volkswagen/Audi partnership, and rebuilding markets capabilities, evidenced by record FX volumes and ramped-up trading assets.
Management expects total markets revenue to grow in 2026, driven by higher net interest income offsetting potentially flat fees; card pre-provision profit should improve as 2021–2022 vintages mature, and wealth & investment management net flows are accelerating amid increased hiring and lower attrition.
Consumer deposit momentum is returning, with new net checking account growth in 2025 materially outpacing 2024, supported by revamped incentive systems, enhanced digital marketing, and rising branch productivity.
The firm maintains a substantial CET1 buffer well above regulatory minimums, with a 1.5% GSIB surcharge in place and no near-term changes expected despite potential Basel III and GSIB recalibration.

Feb 10, 2026, 1:50 PM

Transcript

Wells Fargo outlines growth strategy and guidance at UBS 2026 conference

WFC

Guidance Update

Hiring

Markets revenue expected to grow year-over-year in 2026, driven by higher net interest income and offsetting lower fees, with overall growth hinging on market volatility and client financing activity.
Credit card vintages launched in H2 2021–2022 are maturing now, setting the stage for meaningful pre-provision profit improvement beginning in 2026 as early cohorts compound.
New checking account growth accelerated in 2025 versus 2024—driven by digital marketing and branch productivity—with originations split roughly 60/40 between existing and new clients and further gains expected in 2026.
Wealth and investment management saw net asset flows pick up in H2 2025 across branch-based Premier, private client, and independent channels, supported by new hires and declining advisor attrition.
Continued expense discipline with headcount down for 22 consecutive quarters (≈70,000 reductions since 2020) and a substantial CET1 buffer maintained to support organic growth and absorb potential GSIB surcharge changes.

Feb 10, 2026, 1:50 PM

Transcript

Wells Fargo outlines growth strategy and 2026 outlook at UBS Financial Services Conference

WFC

Guidance Update

Revenue Acceleration/Inflection

New Projects/Investments

Post-asset cap lifting, Wells Fargo’s strategy remains unchanged, focusing on balance sheet growth in consumer cards, retail banking, investment banking, and low-RWA markets financing that it began investing in 4–6 years ago.
The firm expects mid-single-digit average loan growth 4Q26 vs. 4Q25 (implying ~3.5% EOP growth in 2025), driven by strong card and auto portfolios while mortgages remain flat.
Markets revenue is projected to grow in 2026, with higher net interest income offsetting flat-to-lower fee income, depending on market volatility.
On the consumer side, checking account growth has accelerated due to enhanced digital and branch capabilities, and card pre-provision profit will improve as newer vintages mature starting this year.
Wells Fargo maintains a significant CET1 capital buffer, well above regulatory minimums, to support continued organic growth and absorb potential GSIB surcharge recalibrations.

Feb 10, 2026, 1:50 PM

Transcript

Wells Fargo approves $40M compensation for CEO Scharf

WFC

Executive Compensation

The Board approved CEO Charles W. Scharf’s total 2025 compensation of $40 million, comprising a $2.5 million base salary and $37.5 million in variable pay (65% Performance Share awards, 35% Restricted Share Rights).
This compensation reflects 2025 performance highlights: closing 7 regulatory consent orders (including asset cap removal), net income of $21.3 billion, 17% EPS growth, 5% fee-based revenue increase, disciplined expenses, $23 billion returned to shareholders (including an 13% dividend hike and $18 billion of buybacks), 12.4% ROE, and a new 17–18% ROTCE target.

Jan 29, 2026, 10:02 PM

8-K

Wells Fargo-backed Overland Advantage finances ~$4 billion in 2025 deals

WFC

New Projects/Investments

Overland provided customized credit solutions in 18 transactions totaling ~$4.0 billion in 2025, leveraging Wells Fargo’s middle-market sourcing and Centerbridge’s underwriting.
Since its May 2024 launch, Overland has underwritten ~$7.0 billion in financing to U.S. middle-market companies, 70% of which are founder or family-owned.
Overland has led ~96% of the credit facilities it invested in, demonstrating strong deal leadership.
Key second-half 2025 deals include first-lien facilities for Tempo, Technique, Atlantic Squared Supply, Exclusive Resorts, Envision Radiology, and term loans for Columbus Distributing and Stark Tech.
The platform exemplifies a strategic Wells Fargo and Centerbridge partnership providing tailored debt solutions to privately owned middle-market businesses.

Jan 29, 2026, 1:00 PM

Press Release

Wells Fargo shifts wealth-management HQ to West Palm Beach

WFC

New Projects/Investments

Hiring

Wells Fargo relocates its Wealth & Investment Management HQ to West Palm Beach, leasing 50,000 sq ft at One Flagler—making it the first major U.S. bank wealth unit in South Florida.
100 senior executives are expected to relocate by end of 2026, while key leaders remain in New York, St. Louis, and Charlotte.
The unit generated $16 billion last year—about 20% of Wells Fargo’s $83.7 billion revenue—and the bank plans to hire additional advisers, private bankers, and independent broker-dealers.
The move underscores and may accelerate a broader migration of financial firms and wealthy clients to South Florida, attracted by its favorable business climate and tax advantages.