Wells Fargo preferred stock offers a safe 6.6% yield, supported by strong earnings, low payout ratio, and resilient dividend coverage. Current high yields are driven by elevated U.S. Treasury rates, which are unsustainable due to rising government interest expenses and deficit concerns. Government action to reduce the deficit will likely lead to lower interest rates, benefiting fixed-income securities like Wells Fargo preferreds.
RIO RANCHO, N.M.--(BUSINESS WIRE)--Representatives from the Federal Home Loan Bank of Dallas (FHLB Dallas), Wells Fargo Bank (Wells Fargo) and local dignitaries joined CC Housing, a subsidiary of Catholic Charities, on June 3 at the grand opening of Felician Villa Apartments I and II, a senior housing complex in Rio Rancho, New Mexico. FHLB Dallas awarded a $750,000 Affordable Housing Program (AHP) grant through member Wells Fargo to assist with construction. The 132-unit Felician Villa Apartme.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Wells Fargo (WFC) have what it takes?
![]() NWT 4 weeks ago | Other | €0.35 Per Share |
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![]() NWT 4 weeks ago | Other | €0.35 Per Share |
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![]() NWT 6 months ago | Other | €0.35 Per Share |
![]() NWT 9 months ago | Other | €0.35 Per Share |
![]() NWT 9 May 2024 | Other | €0.31 Per Share |
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Banks - Diversified Industry | Financial Services Sector | Mr. Charles W. Scharf CEO | XSTU Exchange | US9497461015 ISIN |
US Country | 215,367 Employees | 7 Feb 2025 Last Dividend | 14 Aug 2006 Last Split | 1 Jun 1972 IPO Date |
Wells Fargo & Company, a leading entity in the financial services industry, offers a comprehensive range of banking, investment, mortgage, and consumer and commercial finance products and services. Operating on a global scale, it has a strong presence within the United States and extends its services across international borders. The organization categorizes its vast array of services into four primary segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management. Established in 1852, Wells Fargo has its headquarters nestled in San Francisco, California, marking a long-standing history of financial service and innovation.
This segment caters to the financial needs of consumers and small businesses, providing a diversified portfolio of products and services. It includes essential banking services like checking and savings accounts, along with credit and debit card offerings. Furthermore, it covers a broad spectrum of lending services aimed at facilitating homeownership, auto purchases, personal loans, and small business financing.
Wells Fargo's Commercial Banking segment delivers targeted financial solutions to a range of clients, including private, family-owned businesses, and select public companies. The services encompass a variety of banking and credit products tailored to different industry sectors and municipalities. This segment also specializes in secured lending, lease products, and offers extensive treasury management services.
This division is designed to meet the comprehensive needs of corporate, commercial real estate, government, and institutional clients, providing them with a vast suite of capital markets, banking, and financial services. Key offerings include corporate and investment banking, treasury management, commercial real estate lending and servicing, alongside equity and fixed income solutions. It also encompasses sales, trading, and research capabilities.
Devoted to meeting the needs of affluent, high-net worth, and ultra-high-net worth clients, this segment offers personalized wealth management, brokerage, and financial planning services. Additionally, clients can avail themselves of lending, private banking, and trust and fiduciary services. Wells Fargo facilitates these services through a comprehensive network of financial advisors in brokerage and wealth offices, consumer bank branches, independent offices, and digital platforms like WellsTrade and Intuitive Investor.