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WELLS FARGO & COMPANY

(WFC)
  Report
Delayed Nyse  -  04:03 2022-09-23 pm EDT
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Wells Fargo mpany : Financial Statements - Form 8-K

08/15/2022 | 05:59pm EDT
8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (date of earliest event reported): August 15, 2022

WELLS FARGO & COMPANY

(Exact name of registrant as specified in its charter)

Delaware 001-2979 No. 41-0449260

(State or other jurisdiction

of incorporation)

(Commission File

Number)

(IRS Employer

Identification No.)

420 Montgomery Street, San Francisco, California94104

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: 1-866-249-3302

Not applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class

Trading

Symbol

Name of Each Exchange

on Which Registered

Common Stock, par value $1-2/3 WFC

New York Stock Exchange

(NYSE)

7.5% Non-Cumulative Perpetual Convertible Class A Preferred Stock, Series L WFC.PRL NYSE

Depositary Shares, each representing a 1/1000th interest in a share of 5.85% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series Q

WFC.PRQ NYSE

Depositary Shares, each representing a 1/1000th interest in a share of 6.625% Fixed-to-Floating Rate Non-Cumulative Perpetual Class A Preferred Stock, Series R

WFC.PRR NYSE
Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series Y WFC.PRY NYSE
Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series Z WFC.PRZ NYSE
Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series AA WFC.PRA NYSE
Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series CC WFC.PRC NYSE
Depositary Shares, each representing a 1/1000th interest in a share of Non-Cumulative Perpetual Class A Preferred Stock, Series DD WFC.PRD NYSE
Guarantee of Medium-Term Notes, Series A, due October 30, 2028 of Wells Fargo Finance LLC WFC/28A NYSE

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act (17 CFR 230.405) or Rule 12b-2 of the Exchange Act (17 CFR 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 9.01.

Financial Statements and Exhibits

Exhibits are filed herewith in connection with the Registration Statement on Form S-3(File No. 333-236148)filed by Wells Fargo & Company (the "Company") with the Securities and Exchange Commission (the "SEC").

On August 15, 2022, the Company issued its Medium-Term Notes, Series U, $2,000,000,000 Senior Redeemable Fixed-to-FloatingRate Notes due August 15, 2026 (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 U, Senior Redeemable Fixed-to-Floating Rate Notes due August 15, 2026. 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: August 15, 2022

/s/ Bryant Owens

Bryant Owens
Senior Vice President and Assistant Treasurer

Disclaimer

Wells Fargo & Company published this content on 15 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 August 2022 21:57:37 UTC.


© Publicnow 2022
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Financials (USD)
Sales 2022 73 144 M - -
Net income 2022 15 181 M - -
Net Debt 2022 - - -
P/E ratio 2022 10,2x
Yield 2022 2,72%
Capitalization 153 B 153 B -
Capi. / Sales 2022 2,10x
Capi. / Sales 2023 1,91x
Nbr of Employees 243 674
Free-Float 69,0%
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Number of Analysts 26
Last Close Price 40,41 $
Average target price 52,92 $
Spread / Average Target 30,9%
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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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