Wells Fargo
Per-share dividend for quarter ended March 31: 51 cents
New dividend: Reduced. Exact payout to be determined.
Notable commentary:
"We expect our second quarter results will include an increase in the allowance for credit losses substantially higher than the increase in the first quarter," said CEO Charlie Scharf. "Wells Fargo continues to have one of the strongest capital positions relative to regulatory minimums among the world's financial services firms as demonstrated by our stress test results. These are certainly extremely challenging times for many and we remain committed to supporting our customers and communities, and we will continue to take appropriate measures to maintain strong capital and liquidity levels and to improve the earnings capacity of the company."
Submitted June 29, 2020 at 08:16PM by TrumpHasASmallPnis https://ift.tt/2BkyF8k
