Wells Fargo New Buyback Program Authorized Up to $40B in Repurchases

Dow Jones

2025/04/29

By Denny Jacob

Wells Fargo disclosed its board authorized a new common stock repurchase program of up to $40 billion.

The bank said the new program will take effect upon the completion of its current repurchase program.

Wells Fargo had about 3.3 billion shares outstanding as of April 28 and sports a market capitalization of $226.46 billion.

Write to Denny Jacob at denny.jacob@wsj.com

(END) Dow Jones Newswires

April 29, 2025 11:03 ET (15:03 GMT)

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