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Wells Fargo 8-K Report: Key Financial Insights & Stock Information (Feb 2025)

$WFC
Form 8-K
Filed on: 2025-02-13
Source
Wells Fargo 8-K Report: Key Financial Insights & Stock Information (Feb 2025)

Based on the provided XML content of the financial report, here are the key pieces of information and insights extracted:

  1. Entity Identification:
  • Company Name: Wells Fargo & Company
  • CIK Number: 0000072971
  • Exchange: NYSE
  • Address: 420 Montgomery Street, San Francisco, CA 94104
  • Contact Number: 415-371-2921
  1. Filing Details:
  • Filing Type: 8-K
  • Filing Date: February 13, 2025
  • File Number: 001-02979
  • IRS Number: 41-0449260
  1. Stock Information:
  • Common Stock:
    • Par Value: $1-2/3
    • Ticker Symbol: WFC (listed on NYSE)
  • Preferred Stocks:
    • Series L: 7.5% Non-Cumulative Perpetual Convertible Class A Preferred Stock (Ticker: WFC.PRL)
    • Series Y: Non-Cumulative Perpetual Class A Preferred Stock (Ticker: WFC.PRY)
    • Series Z: Non-Cumulative Perpetual Class A Preferred Stock (Ticker: WFC.PRZ)
    • Series AA: Non-Cumulative Perpetual Class A Preferred Stock (Ticker: WFC.PRA)
    • Series CC: Non-Cumulative Perpetual Class A Preferred Stock (Ticker: WFC.PRC)
    • Series DD: Non-Cumulative Perpetual Class A Preferred Stock (Ticker: WFC.PRD)
  1. Debt Instruments:
  • Medium-Term Notes: Series A, due October 30, 2028, guaranteed by Wells Fargo Finance LLC (Ticker: WFC/28A).
  1. Reporting Period:
  • All stock and securities information is reported for the period starting and ending on February 13, 2025.

Insights:

  • The report highlights Wells Fargo's diverse equity structure with multiple series of preferred stock, indicating potential avenues for raising capital and addressing investor preferences for different risk and return profiles.
  • The presence of medium-term notes suggests ongoing financing strategies, likely aimed at managing liquidity and capital structure.
  • The filing type (8-K) indicates that this report may contain significant or material events that could influence the company’s stock price or financial standing, which is important for investors and analysts monitoring Wells Fargo's performance.

This information could be critical for investors, analysts, and stakeholders in evaluating Wells Fargo's financial health and strategic direction.