Summary
Wells Fargo & Company/MN (WFC) filed its 10-Q for the quarterly period ending June 30, 2026, on July 28, 2026. The filing provides updates on legal proceedings, risk factors, and equity security transactions. Investors should note the company's continued share repurchase activity, which has reduced the number of shares outstanding and may impact future earnings per share. The company also confirmed no new trading plans were adopted or terminated by directors or officers during the quarter, maintaining continuity in insider trading policies.
Key Highlights
- 1The company repurchased a total of 37,355,572 shares of common stock during the quarter ended June 30, 2026, under a $40 billion authorization. The aggregate dollar value of shares that may yet be repurchased under this authorization was $22,743 million as of June 30, 2026.
- 2These repurchases indicate a commitment to returning capital to shareholders and can potentially boost earnings per share by reducing the share count.
- 3The majority of the share repurchases occurred in April and June, with a significant decrease in May.
- 4The share repurchase authorization, approved on April 29, 2025, does not expire unless modified or revoked by the Board of Directors, suggesting a sustained program.
- 5The filing explicitly states that no directors or officers adopted or terminated Rule 10b5-1 or non-Rule 10b5-1 trading arrangements during the quarter.
- 6Information regarding legal proceedings is incorporated by reference to Note 9 (Legal Actions) in the Financial Statements.
- 7Risk Factors are detailed under the “Financial Review – Risk Factors” section, also incorporated by reference.
Frequently Asked Questions
During the quarter ended June 30, 2026, Wells Fargo repurchased 37,355,572 shares of common stock. The approximate dollar value of these repurchases can be calculated using the weighted average prices provided for each month.
As of June 30, 2026, approximately $22,743 million of the $40 billion share repurchase authorization remains available for future repurchases.
No, the filing states that during the quarter ended June 30, 2026, no director or officer adopted or terminated a Rule 10b5-1 trading arrangement or a non-Rule 10b5-1 trading arrangement.
Information regarding legal proceedings is incorporated by reference to Note 9 (Legal Actions) in the Financial Statements. Risk factors are detailed in the “Financial Review – Risk Factors” section of the report.