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Wells Fargo moves to top of S&P 500 after strong bank results
After volatile trading, US indices briefly turned positive but gave back gains before the close. Comments by Jerome Powell stoked hopes of an October rate cut, while fears of an escalating US–China trade dispute flared again. Wells Fargo impressed with its results and led the winners in the S&P 500, while Nvidia finished at the bottom; investors remain cautious amid earnings season and interest-rate uncertainty. » More on deraktionaer.de
Wells Fargo profit rises in Q3 as net interest income increases
Wells Fargo reported third-quarter net income of $5.59 billion, or $1.66 per share, up from $5.11 billion, or $1.42 a year earlier. Net interest income rose 2% year-over-year to $11.95 billion. The bank and peers have benefited from Federal Reserve rate cuts that eased deposit costs and supported lending margins. » More on cnbc.com
Democratic senators urge Wells Fargo to end union-busting
A group of 15 Democratic senators led by Ruben Gallego demands in a letter to CEO Charlie Scharf that Wells Fargo stop its campaign against employees’ union organizing. The senators write that the bank has become increasingly aggressive toward workers trying to form unions in several states and cited six unfair labor practice charges filed this year with the National Labor Relations Board. They call for a more constructive approach to labor relations, fair wages and safe working conditions to remedy what they described as a toxic workplace culture. » More on de.investing.com
Historical dividends Dividends
All dividend metrics All metricsFinancials
| (EUR) | April 2026 | YoY |
|---|---|---|
| Revenue | 11.3m | - |
| Gross profit | 10.23m | - |
| Net profit | 5.56m | - |
| EBITDA | 7.84m | - |
Fundamentals
| Metric | Value |
|---|---|
Market capitalization | €214.35m |
Number of shares | 28.05m |
52-week high/low | €8.56 - €7.47 |
Dividend yield | 10.74% |
Dividends TTM | €0.82 |
Next dividend | €0.0646 |
Beta | 0.58 |
P/E ratio | 8.91 |
PEG ratio | 0.09 |
P/B ratio | 0.87 |
P/S ratio | 8.64 |
Company profile
Allspring Multi-Sector Income Fund is a closed-ended fixed income mutual fund launched and managed by Wells Fargo Funds Management, LLC. The fund is co-managed by First International Advisors, Inc. and Wells Capital Management Incorporated. It invests in fixed income markets across the globe. The fund primarily invests in a mix of non-investment-grade corporate debt securities, including bank loan securities, foreign and emerging markets debt securities, adjustable and fixed-rate mortgages, and investment-grade corporate bonds. Allspring Multi-Sector Income Fund was formed on June 25, 2003 and is domiciled in the United States.
| Name | WELLS FARGO ADVA.MUL.INC. |
| CEO | Peter Malcolm Wilson |
| Headquarters | Charlotte,
nc USA |
| Website | |
| IPO | 03/06/2019 |
Ticker symbols
| Exchange | Symbol |
|---|---|
NYSE | ERC |