8-KEarnings & ResultsExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Financial Results (Jul 13, 2018)

Filed July 13, 2018For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

Wells Fargo & Company/MN (WFC) filed an 8-K on July 13, 2018, to report its financial results for the second quarter ended June 30, 2018. The filing includes a press release detailing the company's operational and financial condition, along with a supplementary document providing additional historical and forward-looking information. Investors should note that while the press release and a specific section on customer remediation in the Quarterly Supplement are considered 'filed' for regulatory purposes, the rest of the Quarterly Supplement is furnished and not deemed 'filed' under Section 18 of the Securities Exchange Act of 1934. The company announced its intention to host a conference call and webcast on the same day to discuss these results and other pertinent matters. This 8-K serves as the primary disclosure vehicle for WFC's Q2 2018 financial performance and updates on ongoing customer remediation efforts, providing crucial insights for investors assessing the company's current standing and strategic direction.

Key Highlights

  • 1WFC filed an 8-K on July 13, 2018, reporting Q2 2018 financial results.
  • 2The filing includes a press release (Exhibit 99.1) and a Quarterly Supplement (Exhibit 99.2).
  • 3Press release and a specific 'customer remediation' section of the Quarterly Supplement are considered 'filed' for regulatory purposes.
  • 4The majority of the Quarterly Supplement is 'furnished,' not 'filed,' under Section 18 of the Securities Exchange Act of 1934.
  • 5A conference call and webcast were scheduled for July 13, 2018, to discuss the Q2 results.
  • 6This report provides investors with key updates on financial performance and ongoing customer remediation efforts.

Frequently Asked Questions

The main purpose of this 8-K filing is to publicly disclose Wells Fargo's financial results for the second quarter ended June 30, 2018, and to provide additional context through a press release and a Quarterly Supplement.

Information that is 'filed' is subject to specific liability provisions under securities laws (like Section 18 of the Securities Exchange Act of 1934), meaning it carries more stringent disclosure requirements. 'Furnished' information, on the other hand, is provided to the SEC but does not carry the same level of regulatory scrutiny or liability, though it's still publicly available.

Detailed financial information for Q2 2018 can be found in the press release (Exhibit 99.1) and the Quarterly Supplement (Exhibit 99.2) attached to this 8-K filing. Investors should pay close attention to the press release and the specific 'Update on customer remediation' section of the supplement for key updates.

The 'Update on customer remediation for previously disclosed matters' section was specifically noted as 'filed,' indicating its importance to investors and regulators. This suggests it contained material information regarding the company's efforts to address and resolve issues related to past customer-facing problems.