8-KEarnings & ResultsExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Financial Results (Apr 13, 2017)

Filed April 13, 2017For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

Wells Fargo & Company (WFC) filed an 8-K on April 13, 2017, to report its financial results for the first quarter ended March 31, 2017. The filing includes a press release detailing these results and a supplementary document with additional historical and forward-looking information. Investors should note that while the press release (Exhibit 99.1) and a specific section on "Retail Banking customer activity" in the supplement (Exhibit 99.2) are considered "filed" for regulatory purposes, the rest of the Quarterly Supplement is "furnished" and does not carry the same legal implications under Section 18 of the Securities Exchange Act of 1934. The company also announced a conference call and webcast on April 13, 2017, to discuss the quarterly performance, press release, and supplement. This 8-K serves as the primary vehicle for disseminating key financial performance indicators and operational updates for the period, allowing investors to assess the company's financial health and strategic direction.

Key Highlights

  • 1Wells Fargo filed an 8-K on April 13, 2017, announcing its Q1 2017 financial results.
  • 2The filing incorporates by reference a press release (Exhibit 99.1) and a Quarterly Supplement (Exhibit 99.2).
  • 3Exhibit 99.1 (Press Release) is deemed "filed" and contains official results of operations and financial condition.
  • 4Exhibit 99.2 (Quarterly Supplement) is largely "furnished," except for the "Retail Banking customer activity" section on pages 3-4, which is "filed."
  • 5A conference call and webcast were scheduled for April 13, 2017, to discuss the Q1 2017 results.
  • 6Investors can access detailed financial information and operational updates through the provided exhibits.
  • 7The distinction between "filed" and "furnished" information is important for understanding regulatory implications.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report Wells Fargo's financial results and financial condition for the first quarter ended March 31, 2017, through an accompanying press release and a quarterly supplement.

The press release (Exhibit 99.1) and the "Retail Banking customer activity" section (pages 3-4) of the Quarterly Supplement (Exhibit 99.2) are deemed "filed" under the Securities Exchange Act of 1934. The remainder of Exhibit 99.2 is considered "furnished."

More detailed financial information can be found in the press release (Exhibit 99.1) and the Quarterly Supplement (Exhibit 99.2) which are incorporated by reference into this 8-K filing. A conference call was also held to discuss these results.

Information that is "filed" is subject to the liabilities under Section 18 of the Securities Exchange Act of 1934, meaning it can lead to legal consequences if it contains false or misleading statements. "Furnished" information generally does not carry the same level of legal scrutiny.