US Market News
1月前
Wells Fargo & Company Announces Common Stock DividendApril 28, 2026 9:30 AM
Business Wire
Wells Fargo & Company (NYSE: WFC) today announced its board of directors approved a quarterly common stock dividend of $0.45 per share, payable June 1, 2026, to stockholders of record on May 8, 2026.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260428716660/en/Wells Fargo sign on a building exterior.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.2 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 33 on Fortune’s 2025 rankings of America’s largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com
LinkedIn: https://www.linkedin.com/company/wellsfargo
News Release Category: WF-CFH
View source version on businesswire.com: https://www.businesswire.com/news/home/20260428716660/en/
Media
Beth Richek, 980-308-1568
beth.richek@wellsfargo.com
Investor Relations
John Campbell, 415-396-0523
john.m.campbell@wellsfargo.com
Original: Wells Fargo & Company Announces Common Stock Dividend
US Market News
2月前
Wells Fargo Welcomes Wyndham to Rewards Points Transfer ProgramApril 15, 2026 11:00 AM
Business Wire
Wells Fargo announced that Wyndham Rewards® has joined the company’s Rewards Points Transfer program. Starting today, Wells Fargo credit cardholders can link their Wyndham Rewards account to eligible Wells Fargo credit cards and transfer points at a 1:2 transfer ratio. Designed to deliver strong value, the 1:2 transfer ratio enables cardholders to seamlessly turn their rewards into stays sooner. There is no minimum balance required and no waiting period to redeem.
Wyndham Rewards, the loyalty program of Wyndham Hotels & Resorts—the world’s largest hotel franchising company with over 8,300 hotels across 25 brands—offers one of the simplest and most generous ways to earn and redeem points. With more than 122 million members worldwide, cardholders earn 10 points per dollar on every qualified stay, with a guaranteed minimum of 1,000 points, and can redeem points for free nights starting at 7,500 or for discounted points-plus-cash nights from just 750.
“Adding Wyndham Rewards as a Wells Fargo Rewards Points Transfer partner is another way we’re continuing to give our customers more flexibility in how they use their rewards,” said Lisa Giordanella, head of Loyalty and Rewards at Wells Fargo. “Whether customers are planning a weekend getaway or a longer vacation, this partnership makes it easier for them to turn everyday spending into meaningful travel experiences.”
Wells Fargo credit cardholders who transfer points to Wyndham Rewards can now gain access to thousands of properties, from trusted value-centric brands like Days Inn®, Super 8®, and La Quinta®, to increasingly upscale and aspirational offerings such as Dolce Hotels & Resorts®, Wyndham Grand®, and Registry Collection Hotels®. Beyond free night redemptions, members can use points to bid on exclusive experiences like concerts, festivals, and sporting experiences, book hundreds of thousands of local tours and activities, or redeem points for gift cards from popular retailers.
This redemption option is available for all Wells Fargo credit cards that earn rewards points, including the Autograph® and Autograph Journey? credit cards.
For more information on how to link your rewards account and start transferring points, visit: https://www.wellsfargo.com/rewards.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.2 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 33 on Fortune’s 2025 rankings of America’s largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com
LinkedIn: https://www.linkedin.com/company/wellsfargo
About Wyndham Rewards
Part of Wyndham Hotels & Resorts (NYSE: WH), the world's largest hotel franchising company, Wyndham Rewards is the #1 hotel rewards program as named by readers of USA TODAY. Members—over 122 million enrolled around the world—earn a guaranteed 1,000 points with every qualified stay and can redeem for free nights starting at just 7,500 points. With thousands of hotels, vacation club resorts and vacation rentals globally, no other hotel rewards program is more generous. Join for free at WyndhamRewards.com.
News Release Category: WF-PS
View source version on businesswire.com: https://www.businesswire.com/news/home/20260415395317/en/
Media
Lily Rahn
Lily.C.Rahn@wellsfargo.com
Original: Wells Fargo Welcomes Wyndham to Rewards Points Transfer Program
iHub News
2月前
Wells Fargo Tops Earnings Forecasts but Misses on RevenueApril 14, 2026 8:42 AM
IH Market News
Wells Fargo & Co. (NYSE:WFC) delivered first-quarter earnings ahead of expectations, though a shortfall in revenue weighed on investor sentiment, with shares slipping 1.7% in premarket trading.The bank reported adjusted earnings per share of $1.60, coming in $0.02 above the analyst consensus of $1.58. Revenue reached $21.45 billion, missing forecasts of $21.76 billion, but still marking a 6% increase from $20.15 billion a year earlier. Net interest income rose 5% year-on-year to $12.10 billion, while noninterest income increased 8% to $9.35 billion.“We saw continued positive impacts from the investments we have been making with diluted earnings per share increasing 15%, revenue increasing 6%, loans increasing 11%, and deposits increasing 7% compared to a year ago,” said Chairman and CEO Charlie Scharf. “We returned $4 billion to shareholders through common stock repurchases while continuing to operate with significant excess capital.”Average loans expanded 10% from the prior year to $996.0 billion, while average deposits climbed 6% to $1.42 trillion. Return on equity improved to 12.2%, up from 11.5% in the same period last year.Asset quality remained steady, with net loan charge-offs at 0.45% of average total loans, unchanged from the first quarter of 2025. Provisions for credit losses rose 22% year-on-year to $1.14 billion, reflecting higher balances in commercial and industrial lending as well as auto loans.The bank’s Common Equity Tier 1 ratio was 10.3%, compared with 11.1% a year earlier.Wells Fargo stock price
Original: Wells Fargo Tops Earnings Forecasts but Misses on Revenue
US Market News
2月前
Wells Fargo Reports First Quarter 2026 Financial ResultsApril 14, 2026 6:40 AM
Business Wire
Wells Fargo & Company (NYSE: WFC) has released its first quarter 2026 financial results. The financial results are available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/ and on a Form 8-K filed by the company with the Securities and Exchange Commission (SEC) on April 14, 2026, and available on the SEC’s website at https://www.sec.gov/.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260413144277/en/Corner view of a Wells Fargo branch at a busy city intersection with pedestrians and street signs.
Conference call
The company will host a live conference call on Tuesday, April 14, at 10:00 a.m. Eastern time. You may listen to the call by dialing 1-888-673-9782 (U.S. and Canada) or 312-470-7126 (International/U.S. Toll) and entering passcode: 8320644#. The call will also be available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/.
A replay of the conference call will be available from approximately 1:00 p.m. Eastern time on April 14 through Tuesday, April 28. Please dial 1-800-835-4112 (U.S. and Canada) or 203-369-3829 (International/U.S. Toll) and enter passcode: 5148#. A webcast replay will also be available online at https://www.wellsfargo.com/about/investor-relations/quarterly-earnings/.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.2 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 33 on Fortune’s 2025 rankings of America’s largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com
LinkedIn: https://www.linkedin.com/company/wellsfargo
News Release Category: WF-CFH
View source version on businesswire.com: https://www.businesswire.com/news/home/20260413144277/en/
Media
Beth Richek, 980-308-1568
beth.richek@wellsfargo.com
Investor Relations
John Campbell, 415-396-0523
john.m.campbell@wellsfargo.com
Original: Wells Fargo Reports First Quarter 2026 Financial Results
iHub News
2月前
Markets Rise on Iran Peace Hopes; Bank Earnings in Focus: Dow Jones, S&P, Nasdaq, Wall Street FuturesApril 14, 2026 4:59 AM
IH Market News
U.S. equity futures edged higher on Tuesday, while oil prices declined, as investors reacted to signs of potential progress in efforts to end the Iran conflict. However, a continued U.S. blockade of Iranian ports into a second day has added tension, further disrupting shipments through the Strait of Hormuz. Meanwhile, a wave of major U.S. bank earnings is set to dominate market attention, and luxury group LVMH (EU:MC) highlighted the conflict’s impact on sales.
Futures Tick Higher
U.S. stock futures moved modestly upward, supported by optimism around ongoing negotiations between Washington and Tehran aimed at securing a lasting ceasefire. Investors are also preparing for a busy earnings schedule from major financial institutions.As of 03:17 ET, Dow futures rose by 51 points, or 0.1%, S&P 500 futures gained 10 points, or 0.1%, and Nasdaq 100 futures climbed 72 points, or 0.3%.Wall Street’s main indices had already posted gains in the previous session, as initial disappointment over the lack of a breakthrough in weekend talks between the U.S. and Iran faded. U.S. President Donald Trump said the White House had been contacted by Iranian officials and expressed a desire to “make a deal,” adding that Iran will not have a nuclear weapon.“[W]hile the meeting was certainly disappointing, it was hardly catastrophic, and if one looks closely, Trump seems to be pivoting aggressively away from kinetic escalation,” analysts at Vital Knowledge said.They added that their view of the situation is “relatively sanguine,” though the “economic fallout from what’s already occurred” could be “significant.”
U.S. Blockade Continues to Disrupt Shipping
At the same time, the U.S. blockade of Iranian ports, which began Monday, has tightened constraints on oil flows already impacted by the conflict.Tehran has condemned the move as an “act of piracy,” with reports suggesting around 15 U.S. warships are involved. British maritime authorities said access has been restricted for vessels operating near Iranian ports and across key waterways in the Persian Gulf, Gulf of Oman, and parts of the Arabian Sea.Despite these tensions, diplomatic efforts appear to be gaining traction. According to Reuters, talks between the U.S. and Iran have continued, with some progress toward a permanent ceasefire. Pakistan has offered to host further negotiations following the initial round held in Islamabad.Elsewhere, Israel and Lebanon are set to begin direct peace talks in Washington, with ongoing strikes involving Iran-aligned Hezbollah forces remaining a key obstacle.
Oil Prices Ease Below $100
The prospect of diplomatic progress helped push oil prices lower, with Brent crude falling 1.5% to $97.88 per barrel and U.S. West Texas Intermediate declining 3.4% to $95.78.However, the outlook remains uncertain. The OPEC reduced its forecast for global oil demand in the second quarter by 500,000 barrels per day in its first assessment of the Iran conflict’s impact.Even so, the group left its full-year outlook unchanged, indicating expectations that demand could recover later in 2026.
Bank Earnings Take Centre Stage
Attention is now shifting to corporate earnings, with several major U.S. banks set to report results.JPMorgan Chase (NYSE:JPM), Wells Fargo (NYSE:WFC), and Citigroup (NYSE:C) are due to release quarterly figures before the U.S. market opens, followed by Bank of America (NYSE:BAC) and Morgan Stanley (NYSE:MS) on Wednesday.Analysts expect trading revenues and investment banking fees to support results, even as uncertainty tied to the Iran conflict persists. Earlier this month, Jamie Dimon warned that the conflict could trigger commodity price shocks, potentially sustaining inflation and pushing interest rates higher than currently anticipated.On Monday, Goldman Sachs (NYSE:GS) reported a 19% increase in first-quarter profit, driven by strong performance in trading and investment banking.
LVMH Highlights Impact of Iran Conflict
In Europe, shares of LVMH (EU:MC) fell in early trading after the company said the Middle East conflict had reduced group sales by at least 1%, dampening expectations for a continued recovery in the luxury sector.The group, which owns brands such as Louis Vuitton and Bulgari, reported a 1% increase in quarterly sales, missing estimates for 1.5% growth, according to Visible Alpha data cited by Reuters.Finance chief Cécile Cabanis said that “[w]hat we see today is still that demand is very much down” following disruptions to shopping activity in the Middle East after the outbreak of the Iran conflict.Rival Kering (EU:KER), owner of Gucci, is scheduled to report results after the close of European markets later in the day.JPMorgan Chase stock priceWells Fargo stock priceCitigroup stock priceBank of America stock priceMorgan Stanley stock priceGoldman Sachs Group stock price
Original: Markets Rise on Iran Peace Hopes; Bank Earnings in Focus: Dow Jones, S&P, Nasdaq, Wall Street Futures
iHub News
2月前
Five key themes for markets in the week aheadApril 13, 2026 6:45 AM
IH Market News
Geopolitics is taking centre stage at the start of the trading week, with a planned U.S. blockade of the Strait of Hormuz driving fresh volatility across markets. The move has pushed oil prices higher again, while upcoming inflation data and a busy earnings calendar could provide further direction for investors.
1. U.S. moves ahead with Hormuz blockade
The U.S. military has confirmed it will begin restricting maritime traffic linked to Iran through the Strait of Hormuz from 10 a.m. Eastern on Monday, following an order from President Donald Trump after weekend talks with Iran failed to yield progress.According to the Pentagon, vessels “entering or departing Iranian ports and coastal areas” will be targeted, while other ships transiting the strait will still be permitted to pass.The decision follows 21 hours of negotiations in Pakistan that ended without an agreement to extend a fragile two-week ceasefire. Vice President JD Vance, who led the U.S. delegation, said Iran rejected demands to halt its nuclear ambitions. Pakistan, acting as a mediator, urged both sides to “uphold their commitment to ceasefire.”Elsewhere, Israel and Lebanon are set to hold talks in Washington this week, although continued strikes on Hezbollah-linked targets have raised doubts about the durability of any broader regional truce.
2. Oil climbs back above $100
Crude prices surged again on Monday, breaking back above the $100 per barrel level.Brent crude rose 6.7% to $101.65, while U.S. West Texas Intermediate gained 7.1% to $103.42.Despite the rally, analysts at Pepperstone said the market response had been “relatively contained,” with investors interpreting the blockade largely as a negotiating tactic.“I’d not be at all surprised to see risk assets remain underpinned to a degree, with continued hope that a deal can be agreed likely to continue to encourage dip buying, even as crude benchmarks are likely to grind steadily higher as physical supply tightens further,” said Michael Brown, Senior Research Strategist at Pepperstone.Oil had dipped below $100 last week following the ceasefire announcement, which itself came after Trump warned Iran’s “civilization” could be destroyed if the Strait of Hormuz was not reopened. Even so, prices have remained well above pre-conflict levels.
3. U.S. producer price data in focus
Rising energy costs have heightened concerns about inflation globally and how central banks may respond.This week, attention will turn to U.S. producer price index (PPI) data for final demand, which will provide a clearer picture of price pressures in March—the first full month reflecting the impact of the Iran conflict.Recent consumer price data already showed a sharp increase, driven largely by higher fuel costs. Energy prices jumped 12.5% year-on-year, compared with just 0.5% in February.However, core inflation—which excludes food and energy—came in softer than expected, at 2.6% annually and 0.2% month-on-month.Given this, analysts believe the Federal Reserve may not place excessive weight on the headline figures alone. The upcoming PPI release could offer further clues on how policymakers approach interest rates in the months ahead.“A stronger-than-expected [PPI] reading would reinforce the case for a ‘higher for longer’ rate outlook, likely supporting the dollar and leaving EUR/USD’s recent rebound vulnerable to renewed downside,” said Laurence Booth, Global Head of Markets at CMC Markets.
4. Bank earnings take centre stage
The U.S. earnings season gathers pace this week, led by results from major Wall Street lenders.Goldman Sachs (NYSE:GS) is set to report first, with its shares up around 3% so far this year. Trading revenues have been supported by portfolio repositioning linked to developments in artificial intelligence, while its investment banking division has also delivered growth.However, the Iran conflict may weigh on outlooks. While volatility can boost trading income, elevated commodity prices could discourage dealmaking activity such as mergers and acquisitions, potentially affecting advisory revenues.Other banks reporting include JPMorgan Chase (NYSE:JPM), Wells Fargo (NYSE:WFC), Citigroup (NYSE:C), Bank of America (NYSE:BAC) and Morgan Stanley (NYSE:MS).Beyond banking, earnings are also expected from Netflix and PepsiCo.
5. European luxury sector results ahead
In Europe, attention will turn to the luxury sector, where several major groups are due to report.LVMH (EU:MC), owner of brands such as Louis Vuitton and Dior, is scheduled to release first-quarter sales, with geopolitical tensions likely to influence its outlook. Peers Kering SA (EU:KER) and Hermès (EU:RMS) are also set to report.According to Reuters, luxury sales in markets such as Dubai and Abu Dhabi have declined due to the conflict, weighing on the $400 billion sector.Elsewhere, ASML (NASDAQ:ASML) will report on Wednesday, with investors watching closely for updates on its ability to meet strong demand from artificial intelligence chipmakers.Goldman Sachs Group stock priceJPMorgan Chase stock priceWells Fargo stock priceCitigroup stock priceBank of America stock priceMorgan Stanley stock price
Original: Five key themes for markets in the week ahead
iHub News
2月前
Markets edge lower as Hormuz blockade fears grow; Goldman Sachs earnings in focus: Dow Jones, S&P, Nasdaq, Wall Street FuturesApril 13, 2026 5:50 AM
IH Market News
Futures tied to major U.S. equity indices pointed slightly lower at the start of the week, as concerns over a potential U.S. naval blockade of the Strait of Hormuz and stalled negotiations between Washington and Tehran weighed on investor sentiment. Oil prices moved back above $100 per barrel, with markets increasingly uneasy about the durability of a fragile U.S.-Iran ceasefire. Meanwhile, earnings from Goldman Sachs (NYSE:GS) are set to kick off the U.S. reporting season, while LVMH (EU:MC) is also due to release results.
Futures drift lower
U.S. stock futures declined on Monday as investors reacted to renewed geopolitical risks following President Donald Trump’s warning that a blockade could be imposed on the Strait of Hormuz after weekend talks with Iran failed to produce a breakthrough.As of 03:28 ET, Dow futures were down 239 points, or 0.5%, S&P 500 futures fell 40 points, or 0.6%, and Nasdaq 100 futures dropped 168 points, or 0.7%. Markets in Europe and Asia also showed signs of weakness, while oil prices surged and the U.S. dollar strengthened.Wall Street had closed mixed on Friday, with investors taking a cautious stance ahead of high-stakes negotiations in Pakistan. Although a temporary two-week ceasefire was announced last week, uncertainty remains over whether it will lead to a lasting resolution.Investors also digested data showing a sharp increase in consumer prices in March, largely driven by rising fuel costs linked to the energy shock triggered by the conflict. Oil prices have climbed significantly since late February, when tensions with Iran escalated and tanker traffic through the Strait of Hormuz—through which roughly 20% of global oil flows—was effectively disrupted.
Trump signals Hormuz blockade
On Sunday, Trump said the U.S. Navy would launch an “immediate” blockade of the Strait to restrict shipping activity.He warned that any vessel paying fees imposed by Tehran would not be guaranteed “safe passage on the high seas.”Later, the Pentagon clarified that the restrictions would target ships “entering or departing Iranian ports or coastal areas,” while allowing other vessels to continue transiting the Strait.The escalation follows 21 hours of negotiations between U.S. and Iranian officials in Pakistan, which ended without an agreement to extend the ceasefire. Vice President JD Vance, who led the U.S. delegation, said Iran had rejected demands to halt its nuclear ambitions. Tehran has not immediately commented, though Pakistan—acting as mediator—urged both sides to “uphold their commitment to ceasefire.”
Oil climbs back above $100
Crude prices surged again on Monday, reclaiming the $100 per barrel level.Brent crude rose 6.7% to $101.65, while U.S. West Texas Intermediate gained 7.1% to $103.42.Despite the sharp move, analysts at Pepperstone said the market reaction had been “relatively contained,” suggesting that traders may see the blockade as a negotiating tactic.“While it’s clearly a risk-averse start to the trading week, […] the general market reaction can be summed up as ‘could be worse’,” said Michael Brown, Senior Research Strategist at Pepperstone.Oil had briefly dipped below $100 last week after the ceasefire announcement, which followed Trump’s warning that Iran’s “civilization” could be destroyed if the Strait was not reopened. Even so, prices remained elevated compared with pre-conflict levels.
Goldman Sachs results ahead
Attention now turns to earnings from major U.S. banks, beginning with Goldman Sachs’ quarterly results before the market open.Shares of Goldman have risen about 3% so far this year, supported by strong trading activity as investors reposition portfolios amid disruption from emerging artificial intelligence technologies. Investment banking revenues have also shown resilience.However, developments in Iran may overshadow the results. While volatility can boost trading income, sustained high commodity prices could deter companies from pursuing costly deals such as mergers and acquisitions, potentially weighing on advisory revenues.Other major banks set to report this week include JPMorgan Chase (NYSE:JPM), Wells Fargo (NYSE:WFC), Citigroup (NYSE:C), Bank of America (NYSE:BAC) and Morgan Stanley (NYSE:MS).
LVMH set to report
LVMH (EU:MC), the world’s largest luxury goods company and owner of brands such as Louis Vuitton and Dior, is due to publish its first-quarter sales later today, with the Middle East conflict expected to feature prominently in its outlook.According to Reuters, luxury sales in key regional hubs like Dubai and Abu Dhabi have declined due to the ongoing conflict, impacting companies including LVMH as well as peers like Kering SA (EU:KER) and Hermès (EU:RMS).At Dubai’s Mall of the Emirates, luxury sales reportedly dropped by as much as 50% in March, while foot traffic at Dubai Mall saw a similar decline. In Abu Dhabi’s Galleria mall, overall sales were down by around 10%.Although the Middle East represents a relatively small portion of LVMH’s total revenue, analysts cited by Reuters suggest that the impact on profitability—reported on a half-year basis—could be more significant.Goldman Sachs Group stock priceJPMorgan Chase stock priceWells Fargo stock priceCitigroup stock priceBank of America stock priceMorgan Stanley stock price
Original: Markets edge lower as Hormuz blockade fears grow; Goldman Sachs earnings in focus: Dow Jones, S&P, Nasdaq, Wall Street Futures
US Market News
2月前
Wells Fargo Helps Drive Growth in West Charlotte with $6 MillionApril 7, 2026 6:37 PM
Business Wire
Funding will support workforce training, housing access and affordability, and small business growth
Wells Fargo today announced a $6 million philanthropic investment in Charlotte, North Carolina, reinforcing the company’s long-standing commitment to the city. Focused on West Charlotte, the new funding will support six nonprofit organizations working across housing, workforce training, and small business growth to deliver coordinated, community-driven solutions. The announcement was made at an event hosted at Johnson C. Smith University.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260407792982/en/Wells Fargo announces $6 million philanthropic investment to benefit West Charlotte
The grant announcement builds on Wells Fargo’s broader community engagement in Charlotte, where the company has its largest employee base. Between 2020 and 2025, Wells Fargo and the Wells Fargo Foundation invested more than $48 million in philanthropic initiatives in the Charlotte region, and employees have volunteered more than 675,000 hours in the local community.
“Wells Fargo’s deep roots in Charlotte drive our commitment to fuel economic growth for our customers, employees, and the communities we serve across North Carolina,” said Jason Rosenberg, Wells Fargo’s Head of Public Affairs. “This investment in West Charlotte will support expanded housing options, more capital for businesses, and access to workforce development in the community.”
Grant recipients and community impact
The $6 million philanthropic investment from the Wells Fargo Foundation includes grants to six nonprofits:
Housing access
Freedom Communities: Supporting the creation of 12 affordable rental units for workforce program participants, helping promote housing stability and economic mobility
Lakeview Neighborhood Alliance: Supporting construction of 15 accessory dwelling units (ADUs), expanding affordable rental options, and enabling home repairs, solar installations, and energy upgrades
Workforce development
CodePath: Expansion of CodePath’s industry-aligned computer science courses, career services, and interview preparation into programs at UNC Charlotte and Johnson C. Smith University, with plans to expand to additional institutions across the region
Local business growth
CLT Alliance Foundation: Supporting assessment of small business needs and launching readiness programs with a focus on West Charlotte
ASPIRE Community Capital: Investment in the Financial Empowerment for Growth initiative to help 24 business owners work toward sustainable growth
West Boulevard Neighborhood Coalition: Establishing Three Sisters Market, the first full-service grocery store in more than 30 years for West Boulevard Corridor, expanding access to fresh food
“Philanthropic investments like this, backed by Wells Fargo’s long-standing support of Charlotte, help translate community vision into measurable progress,” said Charlotte Mayor Vi Lyles. “Supporting housing access, workforce training, and local businesses in West Charlotte strengthens the city as a whole.”
“Community development means that each person is doing what they can to lift their neighbors up,” said Governor Josh Stein. “Wells Fargo’s $6 million investment will support meaningful work on affordable housing, workforce development, and financial literacy."
“West Charlotte is a community defined by resilience, leadership, and possibility,” said U.S. Rep. Alma Adams. “With Wells Fargo’s investment, local leaders can advance their vision and position the community for long-term success.”
“Wells Fargo’s $6 million investment in West Charlotte is a strong example of how public-private partnerships can expand opportunity and strengthen communities across North Carolina,” said U.S. Sen. Thom Tillis. “By supporting housing access, workforce development, and small business growth, this effort will help more families achieve stability and economic mobility. I appreciate Wells Fargo’s continued commitment to Charlotte and look forward to the lasting impact these investments will have on the region.”
“Wells Fargo's investments in the Charlotte community will help families find affordable housing, provide opportunities for individuals to learn new skills, offer more resources to local businesses, and bring a new grocery store to West Charlotte,” said U.S. Sen. Ted Budd. “I am grateful that Charlotte is home to strong partners like Wells Fargo who are working to better the community they call home.”
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.1 trillion in assets, providing a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 33 on Fortune’s 2025 rankings of America’s largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com
LinkedIn: https://www.linkedin.com/company/wellsfargo
News Release Category: WF-PESG
View source version on businesswire.com: https://www.businesswire.com/news/home/20260407792982/en/
Media
Michelle Palomino
michelle.palomino@wellsfargo.com
Original: Wells Fargo Helps Drive Growth in West Charlotte with $6 Million
US Market News
3月前
Wells Fargo Reaches Major Digital MilestonesMarch 26, 2026 1:00 PM
Business Wire
Customers embrace mobile and AI-powered banking
Wells Fargo today announced significant milestones in its digital transformation, underscoring growing customer adoption of its mobile banking platform and AI-powered virtual assistant, Fargo®. Fargo has now supported customers through more than 1 billion interactions – achieved in less than three years since its launch. Additionally, the company surpassed 33 million mobile active users last month.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260326542274/en/Wells Fargo
These milestones reflect scale and trust as millions of customers increasingly rely on Wells Fargo’s digital tools to manage everyday financial needs quickly, securely, and with greater personalization.
“Reaching one billion Fargo interactions is a meaningful milestone because it represents how customers are choosing to engage with us every day,” said Michelle Moore, head of Digital Data and Artificial Intelligence at Wells Fargo. “It reflects our disciplined approach to responsibly scaling AI and delivering experiences that make banking easier, smarter, and more personal.”
By combining intuitive design with responsible use of artificial intelligence, Fargo allows customers to accomplish more through natural, conversational interactions—reducing friction and saving time.
The Wells Fargo Mobile® app continues to receive strong customer feedback, earning a 4.9-star rating in the App Store from more than 10 million reviews. Since its debut in 2023, Fargo has become a central part of that experience, helping customers complete common banking tasks such as sending money with Zelle®, paying bills, locating routing numbers, and gaining insights into spending and account balances.
Wells Fargo’s digital tools are also helping expand access to banking services. More than 3 million Spanish-speaking customers have used Fargo, engaging with the virtual assistant over 160 million times, reinforcing the company’s focus on building inclusive, easy-to-use experiences for a broad range of customers.
Zelle® and the Zelle® related marks are wholly owned by Early Warning Services, LLC and are used herein under license.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.1 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 33 on Fortune’s 2025 rankings of America’s largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com
LinkedIn: https://www.linkedin.com/company/wellsfargo
News Release Category: WF-(IT)
View source version on businesswire.com: https://www.businesswire.com/news/home/20260326542274/en/
Media
Julia Tunis Bernard, 415-385-0356
julia.t.bernard@wellsfargo.com
(or)
Investor Relations
John Campbell, 415-396-0523
john.m.campbell@wellsfargo.com
Original: Wells Fargo Reaches Major Digital Milestones
US Market News
3月前
Wells Fargo Launches National Challenge to Uncover Innovative Housing SolutionsMarch 18, 2026 2:00 PM
Business Wire
Enterprise Community Partners to oversee Housing Affordability Breakthrough Challenge, awarding $10 million in grants across five organizations
Wells Fargo & Company (NYSE: WFC) today launched a nationwide challenge to uncover scalable, innovative housing solutions designed to help more people find homes across the country. Managed by Enterprise Community Partners, a leading national housing nonprofit, the 2026 Housing Affordability Breakthrough Challenge will award $10 million in grants across five organizations, along with technical assistance, one-on-one industry mentorship, and participation in national peer learning. Since 2019, Wells Fargo has contributed more than $53 million in philanthropic funding to support the Housing Affordability Breakthrough Challenge. Applications open April 1, 2026, through May 15, 2026.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260318441239/en/Wells Fargo launches national search for housing solutions (Photo: Wells Fargo)
“For most families, housing is the single biggest expense, and rising costs are making it tough to find or keep a home,” said Darlene Goins, head of Philanthropy and Community Impact at Wells Fargo. “The Housing Affordability Breakthrough Challenge is about surfacing creative, practical ideas from nonprofits and companies that we can scale to more people and more communities. If we’re going to expand housing access and affordability, we have to be willing to reimagine what can work.”
Since 2019, Wells Fargo & Company and the Wells Fargo Foundation have made more than $830 million in philanthropic investments nationwide to help keep people housed, expand housing inventory, and increase access to affordable homes.
The Housing Affordability Breakthrough Challenge aims to transform housing through innovations in design and construction, financing, and resident services. Past winners have piloted scalable modular housing systems, new underwriting models, and groundbreaking programs supporting reentry housing, tribal homeownership, and rural community development, among other efforts.
“We’re incredibly grateful for Wells Fargo’s enduring leadership in advancing housing solutions. We’ve seen firsthand how the Housing Affordability Breakthrough Challenge can accelerate promising models that increase affordability, access, and economic opportunity,” said Shaun Donovan, Chief Executive Officer of Enterprise Community Partners. “This year’s competition will support innovations across rural, urban, and tribal communities that are demonstrating tangible results and are ready to scale their impact.”
Criteria for the 2026 Housing Affordability Breakthrough Challenge
This year’s Housing Affordability Breakthrough Challenge will consider applicants proposing solutions across three categories: Design & Construction, Finance, and Service & Delivery Programs. While there is no predetermined number of winners per focus area, applicants must demonstrate existing results, an evidence base for their proposals, and a strategy to scale their innovations. Five winning organizations each will be awarded $2 million in grants. Eligibility is subject to the full criteria, which nonprofit and for-profit organizations are encouraged to review.
Find more information on the 2026 Housing Affordability Breakthrough Challenge and application details.
About Enterprise Community Partners
Enterprise Community Partners is a national nonprofit that exists to make a good home possible for the millions of families without one. We support community development organizations on the ground, aggregate and invest capital for impact, advance housing policy at every level of government, and build and manage communities ourselves. Since 1982, we have invested $80.9 billion and created 1 million homes across all 50 states, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands — all to make home and community places of pride, power, and belonging.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.1 trillion in assets, providing a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 33 on Fortune’s 2025 rankings of America’s largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com
LinkedIn: https://www.linkedin.com/company/wellsfargo
News Release Category: WF-PESG
View source version on businesswire.com: https://www.businesswire.com/news/home/20260318441239/en/
Media
Michelle Palomino
michelle.palomino@wellsfargo.com
Original: Wells Fargo Launches National Challenge to Uncover Innovative Housing Solutions
US Market News
3月前
Wells Fargo Announces 2027 Earnings Release Date InformationMarch 6, 2026 8:00 AM
Business Wire
Wells Fargo & Company (NYSE: WFC) announced today its expected earnings release dates and conference call information for the first, second, third, and fourth quarter of 2027. Financial results will be released at approximately 7:00 a.m. Eastern time, and the live conference call will be at 10:00 a.m. Eastern time. Confirmation of these calls, as well as details on how to listen, will be provided before the scheduled release dates.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260306557957/en/Exterior view of a Wells Fargo branch along a city sidewalk with trees and passing traffic. (Photo: Wells Fargo)
Expected earnings release dates for 2027:
First Quarter 2027 – Tuesday, April 13, 2027
Second Quarter 2027 – Tuesday, July 13, 2027
Third Quarter 2027 – Wednesday, Oct. 13, 2027
Fourth Quarter 2027 – Friday, Jan. 14, 2028
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.1 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 33 on Fortune’s 2025 rankings of America’s largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com
LinkedIn: https://www.linkedin.com/company/wellsfargo
News Release Category: WF-CFH
View source version on businesswire.com: https://www.businesswire.com/news/home/20260306557957/en/
Media
Beth Richek, 980-308-1568
beth.richek@wellsfargo.com
Investor Relations
John Campbell, 415-396-0523
john.m.campbell@wellsfargo.com
Original: Wells Fargo Announces 2027 Earnings Release Date Information
US Market News
4月前
Wells Fargo Updates 2026 Earnings Release Date InformationFebruary 20, 2026 8:00 AM
Business Wire
Wells Fargo & Company (NYSE: WFC) today updated its expected earnings release dates and conference call information for 2026. For each of the earnings dates below, financial results will be released at approximately 7:00 a.m. Eastern time, and the live conference call will be at 10:00 a.m. Eastern time. Confirmation of these calls, as well as details on how to listen, will be provided before the scheduled release dates.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260220255811/en/Exterior view of a Wells Fargo branch along a city sidewalk with trees and passing traffic. (Photo: Wells Fargo)
Expected earnings release dates for 2026
First Quarter 2026 – Tuesday, April 14, 2026 (previously announced)
Second Quarter 2026 – Tuesday, July 14, 2026 (previously announced)
Third Quarter 2026 – Tuesday, Oct. 13, 2026 (updated)
Fourth Quarter 2026 – Thursday, Jan. 14, 2027 (previously announced)
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.1 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 33 on Fortune’s 2025 rankings of America’s largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com
LinkedIn: https://www.linkedin.com/company/wellsfargo
News Release Category: WF-CFH
View source version on businesswire.com: https://www.businesswire.com/news/home/20260220255811/en/
Media
Beth Richek, 980-308-1568
beth.richek@wellsfargo.com
Investor Relations
John Campbell, 415-396-0523
john.m.campbell@wellsfargo.com
Original: Wells Fargo Updates 2026 Earnings Release Date Information
US Market News
4月前
Wells Fargo & Company Declares Cash Dividends on Preferred StockFebruary 13, 2026 8:00 AM
Business Wire
Wells Fargo & Company (NYSE: WFC) today announced dividends on six series of preferred stock.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260213901511/en/Wells Fargo sign on a building exterior. (Photo: Wells Fargo)
A quarterly cash dividend of $18.75 per share was declared on its 7.50% noncumulative perpetual convertible class A preferred stock, Series L, liquidation preference $1,000 per share, which is traded on the New York Stock Exchange under the symbol “WFCPrL”. The Series L dividend is payable on March 16, 2026, to holders of record as of the close of business on Feb. 28, 2026.
A quarterly cash dividend of $351.56 per share was declared on its 5.625% noncumulative perpetual class A preferred stock, Series Y, liquidation preference $25,000 per share. This dividend equals $0.35156 per depositary share, each representing a 1/1,000 interest in a share of Series Y preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrY”. The Series Y dividend is payable on March 16, 2026, to holders of record as of the close of business on Feb. 27, 2026.
A quarterly cash dividend of $296.88 per share was declared on its 4.75% noncumulative perpetual class A preferred stock, Series Z, liquidation preference $25,000 per share. This dividend equals $0.29688 per depositary share, each representing a 1/1,000 interest in a share of Series Z preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrZ”. The Series Z dividend is payable on March 16, 2026, to holders of record as of the close of business on Feb. 27, 2026.
A quarterly cash dividend of $293.75 per share was declared on its 4.70% noncumulative perpetual class A preferred stock, Series AA, liquidation preference $25,000 per share. This dividend equals $0.29375 per depositary share, each representing a 1/1,000 interest in a share of Series AA preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrA”. The Series AA dividend is payable on March 16, 2026, to holders of record as of the close of business on Feb. 27, 2026.
A quarterly cash dividend of $273.44 per share was declared on its 4.375% noncumulative perpetual class A preferred stock, Series CC, liquidation preference $25,000 per share. This dividend equals $0.27344 per depositary share, each representing a 1/1,000 interest in a share of Series CC preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrC”. The Series CC dividend is payable on March 16, 2026, to holders of record as of the close of business on Feb. 27, 2026.
A quarterly cash dividend of $265.63 per share was declared on its 4.25% noncumulative perpetual class A preferred stock, Series DD, liquidation preference $25,000 per share. This dividend equals $0.26563 per depositary share, each representing a 1/1,000 interest in a share of Series DD preferred stock, which is traded on the New York Stock Exchange under the symbol “WFCPrD”. The Series DD dividend is payable on March 16, 2026, to holders of record as of the close of business on Feb. 27, 2026.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.1 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 33 on Fortune’s 2025 rankings of America’s largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com
LinkedIn: https://www.linkedin.com/company/wellsfargo
News Release Category: WF-CFH
View source version on businesswire.com: https://www.businesswire.com/news/home/20260213901511/en/
Media
Beth Richek, 980-308-1568
Beth.Richek@wellsfargo.com
Investor Relations
Tanya Quinn, 415-396-7495
tanya.quinn@wellsfargo.com
Original: Wells Fargo & Company Declares Cash Dividends on Preferred Stock
US Market News
4月前
Wells Fargo Launches Ad with Comedian and Actor Marcello Hernández Ahead of Big GameFebruary 6, 2026 9:00 AM
Business Wire
Wells Fargo's star-powered campaign highlights its commitment to empowering customers and celebrating financial progress
Wells Fargo is returning to the Big Game with the launch of “Celebrating Every Win,” a new advertising campaign that showcases how the Wells Fargo Mobile Banking app helps customers achieve personal financial victories. The campaign features comedian and actor Marcello Hernández.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260206277235/en/Wells Fargo Launches Ad with Comedian and Actor Marcello Hernández Ahead of Big Game (Photo: Wells Fargo)
Created in partnership with BBDO New York and directed by Jess Coulter of O Positive, the campaign pays tribute to everyday financial wins – like growing savings or sticking to a budget. Marcello brings humor and authenticity to these wins, appearing at each financial milestone with a full celebration – complete with confetti, music, and dancing. His comedic presence reinforces the message that success looks different for everyone and isn’t only about big milestones but the small steps that support long-term financial well-being.
At its core, “Celebrating Every Win” underscores Wells Fargo’s commitment to putting customers first, by offering the tools, guidance, and support that make everyday progress possible.
“We're excited to team up with Marcello Hernández ahead of the Big Game and create a campaign that uses humor and a fresh perspective to celebrate the everyday wins that shape our customers' financial journeys,” says Holly Hynes, Chief Marketing Officer, Consumer Banking and Lending, Wells Fargo. “With this campaign we honor the fact that all financial milestones matter to our customers and show how Wells Fargo empowers them to achieve those wins.”
A teaser debuted on February 2, followed by the full 30-second spot airing during the Big Game in regional markets and on select Telemundo stations. National rollout begins February 8 through a home screen takeover on Samsung TVs and the Roku platform, and appears that day on Netflix’s Top 10 most popular series and films on the ad-supported plan and on Peacock. A longform 60-second cut and 15-second and 6-second versions will run on Wells Fargo’s YouTube and social channels.
To learn more about the campaign and tools featured in the ad, visit: https://www.wellsfargo.com/everywin.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.1 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 33 on Fortune’s 2025 rankings of America’s largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com
LinkedIn: https://www.linkedin.com/company/wellsfargo
News Release Category: WF-MSS
View source version on businesswire.com: https://www.businesswire.com/news/home/20260206277235/en/
Media
Erin Lorenzetti
Erin.C.Lorenzetti@wellsfargo.com
Original: Wells Fargo Launches Ad with Comedian and Actor Marcello Hernández Ahead of Big Game
US Market News
4月前
Wells Fargo & Company Announces Common Stock DividendJanuary 27, 2026 6:30 PM
Business Wire
Wells Fargo & Company (NYSE: WFC) today announced its board of directors approved a quarterly common stock dividend of $0.45 per share, payable March 1, 2026, to stockholders of record on Feb. 6, 2026.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260127654498/en/Wells Fargo sign on a building exterior. (Photo: Wells Fargo)
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.1 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 33 on Fortune’s 2025 rankings of America’s largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.
Additional information may be found at www.wellsfargo.com
LinkedIn: https://www.linkedin.com/company/wellsfargo
News Release Category: WF-CFH
View source version on businesswire.com: https://www.businesswire.com/news/home/20260127654498/en/
Media
Beth Richek, 980-308-1568
beth.richek@wellsfargo.com
Investor Relations
John Campbell, 415-396-0523
john.m.campbell@wellsfargo.com
Original: Wells Fargo & Company Announces Common Stock Dividend
US Market News
4月前
Lockheed Martin, PG&E Corporation, Salesforce and Wells Fargo Launch EMBERPOINT™ to Transform America's Wildfire Prevention, Detection and ResponseJanuary 26, 2026 6:00 PM
PR Newswire (US)
WASHINGTON, Jan. 26, 2026 /PRNewswire/ -- Today, Lockheed Martin (NYSE:LMT), PG&E Corporation (NYSE:PCG), Salesforce (NYSE:CRM) and Wells Fargo (NYSE:WFC) announced the launch of EMBERPOINTTMLLC, a purpose-built venture that will integrate next-generation wildfire solutions to help first responders detect, prevent and fight catastrophic wildfires. This partnership will set a new standard in wildfire safety, enabling more progress than a single company can achieve alone.
EMBERPOINTTM will use artificial intelligence, autonomous systems, and integrated command-and-control technologies to help first responders detect fires earlier, prevent their spread and enhance coordination for mitigation efforts. Agencies and utilities will gain access to proven, state-of-the-art systems without the burden of development costs, enabling communities to benefit from advanced, affordable wildfire prevention.Lockheed Martin will contribute its cutting-edge layered approach to prediction and detection, as well as military-grade autonomous response and suppression capabilities, enabling firefighters to rapidly identify and directly intervene at the earliest stages of wildfire ignition.Pacific Gas and Electric Company1, a subsidiary of PG&E Corporation, will bring deep wildfire mitigation experience, with proven layers of protection and a track record of deploying effective risk management programs across geographically-diverse communities. Contributions or information from Pacific Gas and Electric Company are subject to regulatory approval.Salesforce will contribute to the digital foundation for EMBERPOINTTM, integrating disparate data streams into a unified, real-time response engine. Leveraging the power of Agentforce and Slack, Salesforce will enable seamless cross-organization coordination to accelerate wildfire response.Wells Fargo is helping to fund the venture through a capital investment.WHY IT MATTERSThe risk of wildfires is an escalating national crisis, with wildfires devastating communities, economies, and ecosystems across America and the world. Fires are growing larger, more intense and more frequent, causing billions of dollars in damage each year and placing increasing strain on utility customers and taxpayers.As heroic firefighters put their lives on the line, further integrated technologies and data can help them respond faster and stay safer. This effort seeks to build upon the remarkable contributions of the firefighting community by equipping firefighters and emergency responders with advanced tools and coordinated solutions to more effectively combat wildfire threats.LEADERSHIP INSIGHT"It's time to change the way we think about wildfires and bring the best of American technology and know-how to this growing threat to lives and property. Devastating wildfires are on the rise and this new partnership brings four leading companies in the aerospace, electrical power, tech, and financial industries together to address this national problem," said Lockheed Martin Chairman, President and CEO Jim Taiclet. "Building on Lockheed?Martin's leading-edge capabilities in space and ground-based sensing systems, autonomous air and land drones,?and command and control systems, EMBERPOINT™ aims to combine these skills along with those of our partners to address what is a true national security mission.""This partnership underscores our commitment to ending catastrophic wildfires," said PG&E Corporation CEO, Patti Poppe. "We plan to seek regulatory approval to pair Pacific Gas and Electric Company's on-the-ground experience with our partners' advanced technology, and properly scale how we identify risk, prevent incidents, and protect the people and ecosystems we serve for the benefit of all society—while staying fully focused on providing safe and reliable energy to our customers. Today's announcement marks the next step in a broader, multi-phase effort to end catastrophic wildfires.""Agentforce and Slack are powerful tools that can be used to solve the most pressing challenges," said John Somorjai, Chief Corporate Development and Investments Officer, Salesforce. "We look forward to integrating our world-class AI capabilities with the specialized expertise of our partners to combat the escalating threat of wildfires."WHAT'S NEXTThe EMBERPOINTTM team and technologies will be built out in the coming months, targeting demonstrations in 2026. About Lockheed Martin
Lockheed Martin is a global defense technology company driving innovation and advancing scientific discovery. Our all-domain mission solutions and 21st Century Security® vision accelerate the delivery of transformative technologies to ensure those we serve always stay ahead of ready. More information at Lockheedmartin.com.About PG&E Corporation
PG&E Corporation (NYSE: PCG) is a holding company headquartered in Oakland, California. It is the parent company of Pacific Gas and Electric Company, an energy company that serves 16 million Californians across a 70,000-square-mile service area in Northern and Central California. For more information, visit http://www.pgecorp.com.About Salesforce
Salesforce helps organizations of any size become agentic enterprises - integrating humans, agents, apps, and data on a trusted, unified platform to unlock unprecedented growth and innovation. Visit www.salesforce.com for more information. About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $2.1 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 33 on Fortune's 2025 rankings of America's largest corporations. News, insights, and perspectives from Wells Fargo are also available at Wells Fargo Stories.Cautionary Statement Regarding Forward-Looking StatementsThis news release contains forward-looking statements that are not historical facts, including statements about the beliefs, expectations, estimates, future plans and strategies of PG&E Corporation or Lockheed Martin Corporation (together, the "Companies"), including regarding the solutions of EMBERPOINTTM and the effectiveness of those solutions. These statements are based on current expectations and assumptions of management of the Companies ('management"), which management believes are reasonable, and on information currently available to management, but are necessarily subject to various risks and uncertainties. In addition to the risk that these assumptions prove to be inaccurate, factors that could cause actual results to differ materially from those contemplated by the forward-looking statements include: Pacific Gas and Electric Company's receipt of regulatory approval in a satisfactory time and manner; the effectiveness of technological solutions that EMBERPOINTTM intends to use; the parties' ability to realize anticipated benefits from collaboration; risks associated with new business areas and activities, including ability of EMBERPOINTTM to execute its business plan, scale its operations, and hire skilled personnel; the risks associated with joint ventures and strategic investments, including governance, control matters, and the parties' ability to work together effectively; the ability of EMBERPOINTTM to procure financing, including from other investors; prevailing economic, market, regulatory or business conditions, or changes in such conditions, negatively affecting the parties; potential customers' interest in the services that EMBERPOINTTM intends to offer, including the risk of competition and the risks inherent to contracts with government agencies; reliance on key business partners and suppliers; the ability of EMBERPOINTTM to protect its intellectual property; changes in wildfire risk mitigation technologies; and changes in legislation or regulations. The companies undertake no obligation to publicly update or revise any forward-looking statements, whether due to new information, future events or otherwise, except to the extent required by law. Potential customers or collaborators seeking to learn more about the EMBERPOINTTM solution?
Contact: info@emberpoint.co1 EMBERPOINTTM is not the same company as Pacific Gas and Electric Company, the utility; EMBERPOINTTM is not regulated by the California Public Utilities Commission; and you do not have to buy EMBERPOINTTM's products in order to continue to receive quality regulated services from the utility.
View original content to download multimedia:https://www.prnewswire.com/news-releases/lockheed-martin-pge-corporation-salesforce-and-wells-fargo-launch-emberpoint-to-transform-americas-wildfire-prevention-detection-and-response-302670208.htmlSOURCE Lockheed Martin
Original: Lockheed Martin, PG&E Corporation, Salesforce and Wells Fargo Launch EMBERPOINT™ to Transform America's Wildfire Prevention, Detection and Response
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