Who did Wells Fargo buy in 2009?

Who did Wells Fargo buy in 2009?

Wachovia
Wells Fargo announced it had agreed to acquire all of Wachovia for $15.1 billion in stock. Wachovia preferred the Wells Fargo deal because it would be worth more than the Citigroup deal and keep all of its businesses intact.

What happened to Wells Fargo in 2009?

Feds reportedly OK Wells Fargo overhaul plan Wells Fargo ended up getting a $25 billion bailout from the Fed in 2008. It paid off the loan in December 2009, making it one of the last banks to repay taxpayers’ money it needed to stay afloat.

Why was Wells Fargo so interested in advertising in black community churches?

Wells Fargo, Ms. “Wells Fargo mortgage had an emerging-markets unit that specifically targeted black churches, because it figured church leaders had a lot of influence and could convince congregants to take out subprime loans.”

Does Wells Fargo still have an asset cap?

With Wells Fargo projected to enter 2022 still under the cap, Scharf provided Wednesday another limited update on where the bank stands. Scharf said in October that getting the Fed to lift the asset cap will require additional cost-cutting over the next two to four years.

What was the stock price of Wells Fargo in 1999?

Wells Fargo Historical Annual Stock Price Data Year Average Stock Price Year Open Year High Year Low 1999 20.3650 19.9400 24.5300 16.3750 1998 18.6115 19.0950 21.7200 14.0950 1997 14.3961 10.8125 19.4400 10.8125 1996 9.4243 8.2200 11.6875 7.7500

Is it true that Wells Fargo does not endorse?

Wells Fargo does not endorse and is not responsible for their content, links, privacy, or security policies. Investment products and services are offered through Wells Fargo Advisors. Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC (WFCS) and Wells Fargo Advisors Financial Network, LLC, Members SIPC , separate

When was the last time Wells Fargo paid a dividend?

View Wells Fargo historical quotes, dividends, and splits. History prior to November 1998 refers to the Norwest Corporation. Dividends per share have been restated for the corporation’s two-for-one stock splits, effected in the form of a 100% stock dividend, distributed on August 11, 2006 and on October 10, 1997.

What is the trade name for Wells Fargo?

Wells Fargo Advisors is a trade name used by Wells Fargo Clearing Services, LLC (WFCS) and Wells Fargo Advisors Financial Network, LLC, Members SIPC, separate registered broker-dealers and non-bank affiliates of Wells Fargo & Company. WellsTrade ® and Intuitive Investor ® accounts are offered through WFCS.