8-KEarnings & ResultsExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Financial Results (Jul 16, 2019)

Filed July 16, 2019For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

Wells Fargo & Company (WFC) filed an 8-K on July 16, 2019, to report its financial results for the quarter ended June 30, 2019. The company issued a press release (Exhibit 99.1) detailing these results and also made available a 2Q19 Quarterly Supplement (Exhibit 99.2) containing additional financial information. These documents are being furnished to investors to provide transparency on the company's performance during the second quarter of 2019 and include both historical and forward-looking data. The press release is considered "filed" for regulatory purposes, meaning it is subject to Section 18 of the Securities Exchange Act of 1934. The Quarterly Supplement, while also incorporated by reference, is furnished and not deemed "filed" under Section 18, indicating a slightly different level of regulatory scrutiny for that specific document. Wells Fargo also announced a conference call to discuss these results.

Key Highlights

  • 1Wells Fargo released its second-quarter 2019 financial results on July 16, 2019.
  • 2The company filed an 8-K to report these earnings.
  • 3A press release (Exhibit 99.1) containing the financial results is included and is considered 'filed' under Section 18 of the Securities Exchange Act of 1934.
  • 4A more detailed 2Q19 Quarterly Supplement (Exhibit 99.2) was also furnished, providing additional financial information.
  • 5The Quarterly Supplement is not considered 'filed' under Section 18, but is incorporated by reference into the filing.
  • 6Wells Fargo planned to host a conference call to discuss the quarterly results and other company matters.

Frequently Asked Questions

The main purpose of this 8-K filing is to formally report Wells Fargo's financial results for the second quarter ended June 30, 2019, and to provide investors with access to the associated press release and a supplementary financial document.

The key documents attached are Exhibit 99.1, which is the press release dated July 16, 2019, detailing the financial results, and Exhibit 99.2, the 2Q19 Quarterly Supplement providing additional financial information.

Yes, the press release (Exhibit 99.1) is considered 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934, subjecting it to certain liabilities. The Quarterly Supplement (Exhibit 99.2) is 'furnished' and not considered 'filed' under Section 18, indicating a lesser degree of regulatory liability for that specific document, though it is still incorporated by reference into the filing.

Wells Fargo intended to host a live conference call on July 16, 2019, to discuss the press release, the Quarterly Supplement, and other company matters. Investors could access this call via webcast.