Wells Fargo Files 8-K on Preferred Stock Series
Ticker: WFC-PA · Form: 8-K · Filed: Apr 22, 2024 · CIK: 72971
| Field | Detail |
|---|---|
| Company | Wells Fargo & Company/Mn (WFC-PA) |
| Form Type | 8-K |
| Filed Date | Apr 22, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1, $3,250,000,000, $1,000,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: preferred-stock, financial-statements, filing
Related Tickers: WFC
TL;DR
Wells Fargo dropped an 8-K detailing preferred stock series - check the filings for Series Y and others.
AI Summary
Wells Fargo & Company filed an 8-K on April 22, 2024, primarily related to financial statements and exhibits. The filing details various series of preferred stock, including "6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock" and "Non-Cumulative Perpetual Class A Preferred Stock Series Y".
Why It Matters
This filing provides updated information on Wells Fargo's preferred stock offerings, which are important for investors and analysts tracking the company's capital structure and financial health.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of financial statements and exhibits related to preferred stock, not indicating any new or immediate risks.
Key Players & Entities
- WELLS FARGO & COMPANY/MN (company) — Filer
- 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock (dollar_amount) — Preferred Stock Series
- Non-Cumulative Perpetual Class A Preferred Stock Series Y (dollar_amount) — Preferred Stock Series
FAQ
What is the primary purpose of this 8-K filing for Wells Fargo?
The primary purpose of this 8-K filing is to report financial statements and exhibits related to the company's preferred stock.
What specific types of preferred stock are mentioned in the filing?
The filing mentions "6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock" and "Non-Cumulative Perpetual Class A Preferred Stock Series Y", among others.
On what date was this 8-K filing submitted?
This 8-K filing was submitted on April 22, 2024.
What is the Central Index Key (CIK) for Wells Fargo & Company?
The Central Index Key (CIK) for Wells Fargo & Company is 0000072971.
What is the ticker symbol for Wells Fargo?
While not explicitly stated in the provided text, Wells Fargo & Company is publicly traded and commonly known by the ticker symbol WFC.
Filing Stats: 705 words · 3 min read · ~2 pages · Grade level 11.5 · Accepted 2024-04-22 16:53:46
Key Financial Figures
- $1 — ch Registered Common Stock, par value $1-2/3 WFC New York Stock Exchange (NY
- $3,250,000,000 — lowing Medium-Term Notes, Series W: (i) $3,250,000,000 Senior Redeemable Fixed-to-Floating Rat
- $1,000,000,000 — Rate Notes due April 22, 2028; and (ii) $1,000,000,000 Senior Redeemable Floating Rate Notes d
Filing Documents
- d818646d8k.htm (8-K) — 41KB
- d818646dex41.htm (EX-4.1) — 93KB
- d818646dex42.htm (EX-4.2) — 84KB
- d818646dex51.htm (EX-5.1) — 11KB
- g818646g0419144548827.jpg (GRAPHIC) — 4KB
- 0001193125-24-105007.txt ( ) — 487KB
- wfc-20240422.xsd (EX-101.SCH) — 6KB
- wfc-20240422_def.xml (EX-101.DEF) — 17KB
- wfc-20240422_lab.xml (EX-101.LAB) — 30KB
- wfc-20240422_pre.xml (EX-101.PRE) — 18KB
- d818646d8k_htm.xml (XML) — 17KB
Financial Statements and Exhibits
Financial Statements and Exhibits Exhibits are filed herewith in connection with the Registration Statement on Form S-3 (File No. 333-269514) filed by Wells Fargo & Company (the "Company") with the Securities and Exchange Commission (the "SEC"). On April 22, 2024, the Company issued the following Medium-Term Notes, Series W: (i) $3,250,000,000 Senior Redeemable Fixed-to-Floating Rate Notes due April 22, 2028; and (ii) $1,000,000,000 Senior Redeemable Floating Rate Notes due April 22, 2028 (collectively, the "Notes"). The purpose of this Current Report is to file with the SEC the following documents: (i) the form of Note related to each issuance; and (ii) the opinion of Faegre Drinker Biddle & Reath LLP regarding the Notes. (d) Exhibits Exhibit No. Description Location 4.1 Form of Medium-Term Notes, Series W, Senior Redeemable Fixed-to-Floating Rate Notes due April 22, 2028. Filed herewith 4.2 Form of Medium-Term Notes, Series W, Senior Redeemable Floating Rate Notes due April 22, 2028. Filed herewith 5.1 Opinion of Faegre Drinker Biddle & Reath LLP regarding the Notes. Filed herewith 23.1 Consent of Faegre Drinker Biddle & Reath LLP. Included as part of Exhibit 5.1 104 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: April 22, 2024 /s/ Bryant Owens Bryant Owens Senior Vice President and Assistant Treasurer