Wells Fargo Files 8-K with Financials and Preferred Stock Details
Ticker: WFC-PA · Form: 8-K · Filed: Dec 3, 2024 · CIK: 72971
| Field | Detail |
|---|---|
| Company | Wells Fargo & Company/Mn (WFC-PA) |
| Form Type | 8-K |
| Filed Date | Dec 3, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1, $2,500,000,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financials, debt, preferred-stock
Related Tickers: WFC
TL;DR
WFC filed an 8-K detailing preferred stock series and debt guarantees.
AI Summary
Wells Fargo & Company filed an 8-K on December 3, 2024, primarily to report financial statements and exhibits. The filing details various series of preferred stock, including Series L, Y, Z, AA, CC, and DD, all issued by Wells Fargo. It also includes a guarantee of medium-term notes issued by Wells Fargo Finance LLC.
Why It Matters
This filing provides updated financial information and details on the company's capital structure, including various preferred stock series and debt guarantees, which are important for investors assessing the company's financial health.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of financial statements and exhibits, not indicating any new or unusual risks.
Key Players & Entities
- WELLS FARGO & COMPANY/MN (company) — Filer
- Wells Fargo Finance LLC (company) — Issuer of guaranteed notes
- Series L (preferred_stock) — Preferred stock series
- Series Y (preferred_stock) — Preferred stock series
- Series Z (preferred_stock) — Preferred stock series
- Series AA (preferred_stock) — Preferred stock series
- Series CC (preferred_stock) — Preferred stock series
- Series DD (preferred_stock) — Preferred stock series
FAQ
What is the primary purpose of this 8-K filing by Wells Fargo & Company?
The primary purpose of this 8-K filing is to report financial statements and exhibits.
What specific series of preferred stock are mentioned in the filing?
The filing mentions Series L, Series Y, Series Z, Series AA, Series CC, and Series DD of non-cumulative perpetual Class A preferred stock.
Does the filing include any guarantees of debt?
Yes, the filing includes a guarantee of Medium-Term Notes Series A due October 30, 2028, of Wells Fargo Finance LLC.
What is the Central Index Key (CIK) for Wells Fargo & Company?
The Central Index Key for Wells Fargo & Company is 0000072971.
On what date was this 8-K filing submitted?
This 8-K filing was submitted on December 3, 2024.
Filing Stats: 649 words · 3 min read · ~2 pages · Grade level 11.7 · Accepted 2024-12-03 16:57:32
Key Financial Figures
- $1 — ch Registered Common Stock, par value $1-2/3 WFC New York Stock Exchange (
- $2,500,000,000 — following Medium-Term Notes, Series W: $2,500,000,000 Senior Redeemable Fixed-to-Floating Rat
Filing Documents
- d902889d8k.htm (8-K) — 41KB
- d902889dex41.htm (EX-4.1) — 89KB
- d902889dex51.htm (EX-5.1) — 11KB
- g902889g93n94.jpg (GRAPHIC) — 5KB
- 0001193125-24-269996.txt ( ) — 368KB
- wfc-20241203.xsd (EX-101.SCH) — 6KB
- wfc-20241203_def.xml (EX-101.DEF) — 16KB
- wfc-20241203_lab.xml (EX-101.LAB) — 28KB
- wfc-20241203_pre.xml (EX-101.PRE) — 17KB
- d902889d8k_htm.xml (XML) — 14KB
01. Financial Statements and Exhibits
Item 9.01. 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 December 3, 2024, the Company issued the following Medium-Term Notes, Series W: $2,500,000,000 Senior Redeemable Fixed-to-Floating Rate Notes due December 3, 2035 (the "Notes"). The purpose of this Current Report is to file with the SEC the following documents: (i) the form of Note related to the 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 December 3, 2035. 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: December 3, 2024 /s/ Bryant Owens Bryant Owens Senior Vice President and Assistant Treasurer