WELLS FARGO & COMPANY/MN — Form 8-K
Filed August 19, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
Wells Fargo Company issued 1,750,000 depositary shares (each representing 1/25th of a preferred share) at $1,000 per share ($1.75 billion total) on August 19, 2026. The Series HH Preferred Stock carries a 6.55% fixed dividend through September 2031, then resets to Five-year Treasury Rate + 2.174%. Wells Fargo Securities LLC led the underwriting syndicate with 1.47M shares; 36 other underwriters distributed the remaining 278K shares. The shares are perpetual, non-cumulative, and redeemable at Company option after September 15, 2031 or upon a Regulatory Capital Treatment Event.
Why this rating
Routine capital raise of ~0.68% of market cap; standard preferred equity issuance. No business model change or material M&A.
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