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0 0.00146654445462875 0.001833180568286 0.00641613198900094 0.00916590284142988 0.00916590284142988 0.0100824931255728 0.0100824931255728
Stock impact report

Wells Fargo Receives No Objection to its 2017 Capital Plan

Wells Fargo & Company (WFC) 
Last wells fargo & company earnings: 4/14 07:46 am Check Earnings Report
US:NYSE Investor Relations: wellsfargo.com/about/investor-relations
Company Research Source: Business Wire
SAN FRANCISCO--(BUSINESS WIRE)-- Wells Fargo & Company (NYSE:WFC) today announced that the Federal Reserve Board has not objected to the Company’s 2017 Capital Plan under the recently concluded Comprehensive Capital Analysis and Review (CCAR) of the nation’s largest banks. “We are pleased by today’s CCAR result, which demonstrates the strength of our diversified business model, strong capital position, and our continued focus on risk management,” said CEO Tim Sloan. Wells Fargo’s 2017 Capital Plan covers the four-quarter period from the third quarter of 2017 through the second quarter of 2018. As part of this plan, the Company expects to increase the third quarter 2017 common stock dividend to $0.39 per share from $0.38 per share, subject to approval by the Company’s Board of Directors. The plan also includes up to $11.5 billion of common stock repurchases1 for the same four-quarter period. For t Show less Read more
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