Summary
This Form 8-K filed by Wells Fargo & Company on October 17, 2011, announces the release of its financial results for the third quarter and the first nine months of 2011. The report includes a press release detailing operational results and financial condition, as well as a quarterly supplement with additional information. These filings are crucial for investors seeking to understand the company's performance during this period, amidst the ongoing economic environment of 2011. While the 8-K itself does not contain the full financial statements (which will be in the subsequent 10-Q filing), it serves as the official notification of the release of key performance indicators and financial highlights. Investors should pay close attention to the details provided in the press release (Exhibit 99.1) as it is considered 'filed' for legal purposes, meaning it is subject to liability under Section 18 of the Securities Exchange Act of 1934.
Key Highlights
- 1Wells Fargo announced its third quarter and nine-month 2011 financial results on October 17, 2011.
- 2The company released a press release detailing its results of operations and financial condition for the period ended September 30, 2011.
- 3A 3Q11 Quarterly Supplement containing additional historical and forward-looking information was also posted on the company's website.
- 4The press release (Exhibit 99.1) is considered 'filed' under Section 18 of the Securities Exchange Act of 1934, making its content subject to legal scrutiny.
- 5The Quarterly Supplement (Exhibit 99.2) is considered 'furnished' and is not subject to Section 18 liability.
- 6Wells Fargo planned to host a conference call and webcast on October 17, 2011, to discuss these results and other company matters.
- 7Complete financial statements for the third quarter will be detailed in Wells Fargo's upcoming Form 10-Q filing.