Wells Fargo Registers Preferred & Common Stock on Feb 6
Ticker: WFC-PA · Form: 8-K · Filed: Feb 6, 2024 · CIK: 72971
| Field | Detail |
|---|---|
| Company | Wells Fargo & Company/Mn (WFC-PA) |
| Form Type | 8-K |
| Filed Date | Feb 6, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1 |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: corporate-governance, preferred-stock, regulatory-filing
TL;DR
**Wells Fargo just registered more preferred and common stock, keeping everything legit for trading.**
AI Summary
Wells Fargo & Company filed an 8-K on February 6, 2024, to register various classes of its preferred stock and common stock. This filing specifically mentions the 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, among others, indicating the company is ensuring its securities are properly listed and traded. For investors, this matters because it confirms the continued existence and tradability of these preferred shares, which offer fixed income streams and can be an important part of a diversified portfolio, especially for those seeking yield from a major financial institution.
Why It Matters
This filing ensures Wells Fargo's various preferred and common stock classes are properly registered, maintaining their tradability and transparency for investors.
Risk Assessment
Risk Level: low — This is a routine administrative filing for Wells Fargo, indicating no new material risks or changes to the company's financial health.
Analyst Insight
Investors holding or considering Wells Fargo preferred stock should note this routine filing confirms the continued registration and tradability of these securities, providing stability and transparency for their investments.
Key Numbers
- 6.625% — Fixed-to-Floating Rate (interest rate for a specific class of Wells Fargo's Non-Cumulative Perpetual Class A Preferred Stock)
- 1/1000th — interest in a share (representation of each Depositary Share in a share of preferred stock)
Key Players & Entities
- WELLS FARGO & COMPANY (company) — registrant of the 8-K filing
- February 6, 2024 (date) — date of earliest event reported and filing date
- 6.625% (dollar_amount) — fixed-to-floating rate for a class of preferred stock
- 420 Montgomery Street, San Francisco, California 94104 (company) — business address of Wells Fargo & Company
- 001-02979 (company) — Commission File Number for Wells Fargo & Company
FAQ
What is the purpose of Wells Fargo & Company's 8-K filing on February 6, 2024?
The purpose of the 8-K filing by Wells Fargo & Company on February 6, 2024, is to report 'Other Events' and 'Financial Statements and Exhibits,' specifically related to the registration of various classes of its preferred stock and common stock, including the 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock.
Which specific type of preferred stock is highlighted in this 8-K filing?
The filing specifically highlights the '6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock' of Wells Fargo & Company.
What does a 'Depositary Share' represent in the context of this filing?
According to the filing, each 'Depositary Share' represents a '1/1000th interest in a share of 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock'.
What is Wells Fargo & Company's state of incorporation and IRS Employer Identification Number as per the filing?
Wells Fargo & Company's state of incorporation is Delaware, and its IRS Employer Identification Number is 41-0449260, as stated in the filing.
What is the business address and telephone number of Wells Fargo & Company listed in the 8-K?
The business address of Wells Fargo & Company listed in the 8-K is 420 Montgomery Street, San Francisco, California 94104, and its telephone number is 1-866-249-3302.
Filing Stats: 645 words · 3 min read · ~2 pages · Grade level 11.8 · Accepted 2024-02-06 08:08:37
Key Financial Figures
- $1 — ch Registered Common Stock, par value $1-2/3 WFC New York Stock Exchange (
Filing Documents
- d649120d8k.htm (8-K) — 40KB
- d649120dex991.htm (EX-99.1) — 7KB
- g649120g0804121445704.jpg (GRAPHIC) — 2KB
- 0001193125-24-024829.txt ( ) — 256KB
- wfc-20240206.xsd (EX-101.SCH) — 6KB
- wfc-20240206_def.xml (EX-101.DEF) — 16KB
- wfc-20240206_lab.xml (EX-101.LAB) — 29KB
- wfc-20240206_pre.xml (EX-101.PRE) — 18KB
- d649120d8k_htm.xml (XML) — 16KB
Financial Statements and Exhibits
Financial Statements and Exhibits. (d)Exhibits Exhibit No. Description Location 99.1 Press Release dated February 6, 2024. Filed herewith 104 The cover page from this Current Report on Form 8-K, formatted in Inline XBRL. Filed herewith 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. WELLS FARGO & COMPANY DATED: February 6, 2024 /s/ Bryant Owens Bryant Owens Senior Vice President and Assistant Treasurer