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)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.