8-KEarnings & ResultsExhibits & Filings

WELLS FARGO & COMPANY/MN 8-K Report, Financial Results (Oct 14, 2020)

Filed October 14, 2020For Securities:WFCWFC-PDWFC-PCWFC-PYWFC-PAWFC-PLWFCNPWFC-PZ

Summary

Wells Fargo & Company (WFC) filed an 8-K on October 14, 2020, to report its financial results for the third quarter ended September 30, 2020. The filing includes a news release (Exhibit 99.1) and a Quarterly Supplement (Exhibit 99.2) containing detailed financial information and certain forward-looking statements. The company also announced plans to host a conference call to discuss these results and other company matters. Investors should note that while the news release is considered 'filed' for Section 18 purposes, the Quarterly Supplement is 'furnished' and not incorporated into other SEC filings. This filing provides an official update on WFC's operational and financial performance for the most recent quarter, offering insights into the company's current standing and outlook, which will be further elaborated upon during the upcoming conference call.

Key Highlights

  • 1Wells Fargo filed its 3Q20 earnings release and Quarterly Supplement on October 14, 2020.
  • 2The filing provides an update on the company's financial condition and results of operations for the quarter ended September 30, 2020.
  • 3Exhibit 99.1 (News Release) is filed for Section 18 purposes under the Securities Exchange Act of 1934.
  • 4Exhibit 99.2 (Quarterly Supplement) is furnished and not considered 'filed' for Section 18 purposes.
  • 5The company intends to host a conference call and webcast to discuss the quarterly results.
  • 6The Quarterly Supplement contains additional historical and forward-looking information.
  • 7This 8-K serves as the official channel for disclosing 3Q20 financial performance.

Frequently Asked Questions

The main purpose of this 8-K filing is to formally announce and provide Wells Fargo's financial results and operational performance for the third quarter ended September 30, 2020. It includes the official earnings release and a supplementary document with more detailed financial data.

The News Release (Exhibit 99.1) is considered 'filed' under Section 18 of the Securities Exchange Act of 1934, meaning it's subject to liability for material misstatements. The Quarterly Supplement (Exhibit 99.2) is 'furnished,' which is a less stringent disclosure requirement and not incorporated by reference into other SEC filings like registration statements.

Detailed financial information is available in the news release (Exhibit 99.1) and the Quarterly Supplement (Exhibit 99.2), both of which are included as exhibits to this 8-K filing and are incorporated by reference into Item 2.02.

Wells Fargo intends to host a live conference call and webcast on October 14, 2020, to discuss the news release, the Quarterly Supplement, and other matters related to the company's performance.