Summary
Wells Fargo & Company filed an 8-K report on January 14, 2020, to announce its financial results for the fourth quarter and full year ended December 31, 2019. The filing includes a press release (Exhibit 99.1) detailing the company's operational results and financial condition, as well as a Quarterly Supplement (Exhibit 99.2) providing additional historical and forward-looking information. Investors should note that the press release is considered "filed" under Section 18 of the Securities Exchange Act of 1934, meaning it is subject to liability for misstatements. The Quarterly Supplement, while furnished, is not considered "filed" for the same purpose.
Key Highlights
- 1Wells Fargo announced its fourth quarter and full year 2019 results on January 14, 2020, via an 8-K filing.
- 2The filing incorporates by reference a press release (Exhibit 99.1) containing results of operations and financial condition.
- 3A Quarterly Supplement (Exhibit 99.2) with additional historical and forward-looking information was also provided.
- 4The press release is subject to Section 18 of the Securities Exchange Act of 1934, implying specific disclosure obligations and potential liabilities.
- 5The Quarterly Supplement is furnished but not filed under Section 18, meaning it carries less legal weight regarding misstatements.
- 6Wells Fargo announced an intention to host a conference call and webcast to discuss these results and other company matters.