Recent Updates — WFC

Wells Fargo & Company reported third quarter 2026 net income of $5.95 billion, or $1.87 per diluted share, compared to $5.59 billion, or $1.66 per diluted share, in the prior year period. Total revenue was $21.87 billion, up 2% from a year ago, driven by a 5% increase in net interest income to $12.52 billion and a 1% decline in noninterest income to $9.35 billion. Noninterest expense decreased 1% to $13.74 billion, while the provision for credit losses rose 51% to $1.03 billion. The company repurchased $2.5 billion of common stock and increased its quarterly dividend to $0.50 per share. Wells Fargo operates as a diversified financial services holding company providing banking, investment, and mortgage products.

On September 24, 2026, Wells Fargo issued $6 billion in senior redeemable fixed-to-floating rate notes through its Medium-Term Notes Series Y program. The issuance consists of $2.5 billion due September 24, 2030, and $3.5 billion due September 24, 2037. This filing provides the form of note documents and legal opinions regarding these debt securities. Wells Fargo is a diversified financial services company providing banking, investment, mortgage, and consumer finance products.

Wells Fargo filed a Certificate of Designation on August 17, 2026, designating 70,000 shares of 6.55% Fixed Rate Reset Non-Cumulative Perpetual Class A Preferred Stock, Series HH, with a $25,000 liquidation preference per share. On August 19, 2026, the company sold 1,750,000 depositary shares, each representing a 1/25th interest in one share of the Series HH Preferred Stock. Wells Fargo operates as a diversified financial services holding company.