CEO Dick Kovacevich

SAN FRANCISCO -- Wells Fargo & Co. said Wednesday that it has completed its repayment of $25 billion in funds to the Treasury's Troubled Asset Relief Program. The bank said that it paid dividends of ...  

NEW YORK (Reuters) - Wells Fargo & Co, the fourth-largest U.S. bank by assets, on Wednesday said it repaid the $25 billion government bailout it received during the financial crisis, after last week selling $12.25 billion in stock.  

Federal regulators are looking into Wells Fargo & Co.’s securities lending practices after several Twin Cities foundations accused the San Francisco-based banking giant of losing their money on risky investments, according to a published report. (WFC)  

CHICAGO--(BUSINESS WIRE)--Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Citigroup Inc. (NYSE: C), Bank of America (NYSE: BAC), Wells Fargo & Co. (NYSE: WFC), Goldman Sachs (NYSE: GS) and JPMorgan Chase (NYSE: JPM). Get the most recent insight from Zacks...  

Wells Fargo & Co. (NYSE:WFC) said Monday it will repay $25 billion it borrowed from the U.S. Treasury under last year's bank bailout program. The announcement came late Monday, the same day Citigroup (NYSE:C) said it reached an agreement with the Treasury Department clearing the way for the bank to exit federal bailout programs....  

Wells Fargo & Co. (WFC: 25.66 +0.67%) has priced a $10.65bn offering of 426m shares of common stock at $25 per share. The underwriters — led by Wells Fargo Securities and Goldman Sachs & Co. — have a 30-day option to purchase up to an additional 63.9m shares of common stock to cover over-allotments. The closing [...]  

Wells Fargo & Co. said yesterday that it will pay $4.5 billion in cash for Prudential Financial Inc.'s stake in the companies' retail brokerage joint venture, which includes Wells Fargo Advisors LLC.  

NEW YORK - Citigroup Inc. and Wells Fargo & Co. said Monday they would repay their government bailout loans, freeing them from close regulatory scrutiny and marking the latest step toward recovery for the U.S. financial system.  

NEW YORK, Dec. 17 /PRNewswire-FirstCall/ -- Wells Fargo & Company (NYSE: WFC) and Freddie Mac (NYSE: FRE) are pleased to announce the closing of a $531,485,000 Freddie Mac Capital Markets Execution loan for Spring Creek Towers, more commonly known as Starrett City, located in Brooklyn, New York. Built as a Mitchell-Lama rental in the 1970s, Starrett City has provided high quality, safe, affordable housing in New York City for approximately 35...  

To repay its government loans, Wells Fargo & Co. will make a trade-off: Its capital levels will fall below those of its competitors.But in a call with analysts Tuesday morning, chief executive John Stumpf signaled that he wasn't concerned. And several analysts later said the fact that the government is letting Wells maintain a lower capital level is actually a good sign."It signals the government has confidence in the earnings power at the...  

NEWARK, N.J.--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) and Prudential Financial, Inc. (NYSE: PRU) announced today that Wells Fargo will pay $4.5 billion in cash to purchase Prudential’s noncontrolling interest in their retail brokerage joint venture, which includes Wells Fargo Advisors, LLC (collectively, Wells Fargo Advisors). On December 4, 2008, Prudential publicly announced its intention to exercise its option to put its interest...  

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE:WFC) said today that underwriters in Wells Fargo’s public offering of 426 million shares of common stock have fully exercised their option to purchase an additional 63.9 million shares. This represents 15 percent of the shares purchased in the original offering. The combination of the original offering of 426 million shares of common stock plus the additional 63.9 million shares...  

SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) announced it will combine its asset-based lending units as Wells Fargo Capital Finance. The new organization will include the business units of Wachovia Capital Finance, Wells Fargo Business Credit, Wells Fargo Foothill, Wells Fargo Retail Finance, and Wells Fargo Trade Capital. Wells Fargo Capital Finance will provide traditional asset-based lending, specialized senior secured...  

Wells Fargo is dontating $100,000 and volunteers to Habitat for Humanity in Denver, which was a winner of the company’s Priority Markets program. The contribution to the Denver group is one of 19 grants totaling $1.6 million that Wells Fargo made in 17 markets in 2009. The contribution will help the area qualify for additional federal money [...]  

Dec. 15 (Bloomberg) -- Dick Bove, an analyst at Rochdale Securities LLC, talks with Bloomberg's Lori Rothman about the outlook for Wells Fargo & Co.' and the bank's plan to sell $10.65 billion of common stock to help repay funds borrowed from the Troubled Asset Relief Program. Bove also discusses the impact of government regulations on bank lending practices, the outlook for Citigroup Inc. and the state of the banking industry. (Source...