Summary
Wells Fargo & Company filed an 8-K report on January 13, 2017, to announce its fourth quarter and full-year 2016 results. The report includes a press release (Exhibit 99.1) and a Quarterly Supplement (Exhibit 99.2) detailing financial performance and operational updates. Notably, the press release and a specific section on "Retail Banking sales practices" within the Quarterly Supplement are considered "filed" with the SEC, meaning they are subject to Section 18 of the Securities Exchange Act of 1934. The filing primarily serves to provide investors with timely information regarding the company's financial condition and results of operations for the period ending December 31, 2016. Investors should pay close attention to the provided press release and the "filed" sections of the Quarterly Supplement for the most up-to-date and officially recognized disclosures from the company.
Key Highlights
- 1Wells Fargo filed an 8-K on January 13, 2017, reporting its Q4 and full-year 2016 financial results.
- 2The report includes a press release (Exhibit 99.1) and a Quarterly Supplement (Exhibit 99.2).
- 3The press release is fully deemed "filed" under the Securities Exchange Act of 1934.
- 4A specific section on "Retail Banking sales practices" (pages 3-6) in the Quarterly Supplement is also deemed "filed".
- 5The remainder of the Quarterly Supplement is furnished, not filed, with the SEC.
- 6The company planned a conference call and webcast to discuss these results on January 13, 2017.