Summary
Wells Fargo & Company (WFC) filed an 8-K on July 20, 2010, announcing its financial results for the second quarter and the first six months ended June 30, 2010. The filing includes a press release detailing these results and a quarterly supplement with additional financial information. While the press release is considered 'filed' for regulatory purposes, the quarterly supplement is 'furnished,' meaning it's for informational purposes and not subject to the same liability provisions under Section 18 of the Securities Exchange Act of 1934. Investors should note that this 8-K serves as an initial notification of the company's performance. More comprehensive financial statements and detailed analyses for the period will be provided in Wells Fargo's upcoming Form 10-Q filing. The inclusion of both a press release and a quarterly supplement suggests a proactive approach by Wells Fargo to communicate its financial condition and operational performance to the market in a timely manner.
Key Highlights
- 1Wells Fargo released its Q2 2010 financial results and a six-month update on June 30, 2010.
- 2The company issued a press release and posted a Quarterly Supplement on its website.
- 3The press release (Exhibit 99.1) is considered 'filed' with the SEC under Section 18 of the Securities Exchange Act of 1934.
- 4The Quarterly Supplement (Exhibit 99.2) is considered 'furnished' and not 'filed' for Section 18 purposes.
- 5This 8-K filing serves as a preliminary announcement of financial results.
- 6Complete financial statements and further analysis will be available in the forthcoming Form 10-Q filing.