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Wells Fargo (NYSE: WFC ... Operator. Welcome, and thank you for joining the Wells Fargo second-quarter 2024 earnings conference call. ... we expect to increase our common stock dividend in the ...
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For the second quarter, Wells Fargo reported its revenue rose to $20.69 billion, suprassing LSEG’s estimate of 20.29 billion. Net income diped to $4.91 billion, but its earnings per share of $1. ...
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The dividend payout ratio is the fraction of net income a firm pays to its stockholders in dividends: Dividend payout ratio = Dividends Net Income for the same period {\textstyle {\mbox{Dividend payout ratio}}={\frac {\mbox{Dividends}}{\mbox{Net Income for the same period}}}}
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In May 2007, Wells Fargo acquired Greater Bay Bancorp, which had $7.4 billion in assets, in a $1.5 billion transaction. [4] [5] In June 2007, Wells Fargo acquired CIT's construction unit. [6] In January 2008, Wells Fargo acquired United Bancorporation of Wyoming. [7] In August 2008, Wells Fargo acquired Century Bancshares of Texas. [8]
U.S. lender Wells Fargo & Co (WFC) plans to cut its dividend in the third quarter to shore up its finances as it grapples with the impact of the coronavirus pandemic.The U.S. bank said it expects ...