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WELLS FARGO & COMPANY

(WFC)
  Report
Delayed Nyse  -  04:03 2022-12-02 pm EST
45.94 USD   -1.98%
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Wells Fargo Donates $300,000 in Support of Disaster Relief in Puerto Rico

09/20/2022 | 01:43pm EST

Funding to help address urgent needs following Hurricane Fiona

Wells Fargo is donating $300,000 from the Wells Fargo Foundation to support three organizations providing urgent relief in Puerto Rico following Hurricane Fiona. The funding to the Hispanic Federation, SBP, and World Central Kitchen will focus on necessities like meals and supplies as well as resources for rebuilding efforts.

“We understand the urgency when natural disasters hit – especially in Puerto Rico, where communities are still recovering from Hurricane Maria,” said Otis Rolley, president of the Wells Fargo Foundation and head of Philanthropy and Community Impact. “At times like this, our company supports the resilience of Puerto Rico and is quickly deploying resources to help meet the many needs unfolding in the aftermath of this storm.”

The donation will support on-the-ground activities in Puerto Rico through $100,000 grants to:

  • Hispanic Federation, an advocacy organization engaged in rebuilding Puerto Rico through housing and community development, small business support, health services, and emergency assistance, among other initiatives. Hispanic Federation will focus on emergency access to food, water and supplies.
  • SBP (formerly St. Bernard Project), a long-term home rebuilding and disaster response organization with existing operations in Puerto Rico. SBP will assess damage, distribute supplies, help people navigate federal assistance and rebuild homes for impacted families.
  • World Central Kitchen, which provides meals in response to humanitarian, climate, and community crises. World Central Kitchen is serving freshly prepared meals to the most impacted with the help of local community members.

In addition, the company provides annual funding to the American Red Cross to help communities prepare for disasters big and small. This ongoing support to the Red Cross’ Annual Disaster Giving Program will help the Red Cross provide food, emergency shelter, relief supplies, and comfort to those affected.

About Wells Fargo

Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets, proudly serves one in three U.S. households and more than 10% of small businesses in the U.S., and is a leading middle market banking provider in the U.S. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 41 on Fortune’s 2022 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy.

News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.

Additional information may be found at www.wellsfargo.com | Twitter: @WellsFargo

*The American Red Cross name, emblem, and copyrighted materials are being used with its permission, which in no way constitutes an endorsement, express or implied, of any product, service, company, opinion, or political position. The American Red Cross logo is a registered trademark owned by The American National Red Cross. For more information about the American Red Cross, please visit redcross.org.

News Release Category: WF-PSEG


ę Business Wire 2022
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Financials (USD)
Sales 2022 74 319 M - -
Net income 2022 14 393 M - -
Net Debt 2022 - - -
P/E ratio 2022 12,3x
Yield 2022 2,39%
Capitalization 175 B 175 B -
Capi. / Sales 2022 2,36x
Capi. / Sales 2023 2,14x
Nbr of Employees 239 209
Free-Float 69,2%
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Number of Analysts 26
Last Close Price 45,94 $
Average target price 53,90 $
Spread / Average Target 17,3%
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Managers and Directors
Charles William Scharf President, Chief Executive Officer & Director
Michael P. Santomassimo Chief Financial Officer & Senior Executive VP
Steven D. Black Chairman
Saul van Beurden Senior Executive VP & Head-Technology
Scott E. Powell Chief Operating Officer & Senior Executive VP
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