Wells Fargo
| $25B Disbursed |
| $25B Returned |
| $2.28B Revenue to Gov't |
| $2.28B Profit |
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Wells Fargo was among the eight large U.S. banks to receive the Treasury Department's initial round of capital investments -- money described by Treasury officials not as a bailout, but rather as funds to help bolster "healthy" banks in tough times.
Stress Tested
This company is among the 19 companies that underwent a "stress test." Regulators determined that it needs to raise $13,700,000,000.0 in additional capital.
See the list of all 19 stress-tested companies here.
Events
-
$840M Revenue
May 20, 2010 Warrant Proceeds
Part of Capital Purchase ProgramMore info from www.treasury.gov -
Dec. 23, 2009 Wells Fargo Returns $25 Billion
Wells Fargo returns all $25 billion.
Part of Capital Purchase ProgramMore info from www.wellsfargo.com -
$132M Revenue
Dec. 23, 2009 Dividend Payment
Part of Capital Purchase ProgramMore info from www.financialstability.gov -
$25B Payback
Dec. 23, 2009 Repayment
Part of Capital Purchase ProgramMore info from www.wellsfargo.com -
$313M Revenue
Nov. 16, 2009 Dividends payment
Part of Capital Purchase Program -
$313M Revenue
Aug. 17, 2009 Dividends Paid in Aug. 2009
Part of Capital Purchase Program -
$684M Revenue
May 31, 2009 Dividends Paid Through 5/31/2009
This amount reflects the sum of dividends paid up to 5/31/2009
Part of Capital Purchase Program -
May 7, 2009 Federal releases the results of its stress tests
According to the results of the Federal Reserve's "stress tests," 10 of the 19 largest banks will have to raise a total of $74.6 billion in additional capital to withstand a dire economic scenario. Ultimately, all of the banks raise the money privately, with the exception of GMAC.
More info from www.propublica.org -
$25B Bailout
Oct. 28, 2008 Purchase - Preferred Stock w/ Warrants
Part of Capital Purchase Program -
Oct. 3, 2008 Wells Fargo Buys Wachovia
Wachovia, rejecting a previous proposal with Citigroup, agreed to merge with Wells Fargo for $15.4 billion
More info from online.wsj.com
| Date | Type | Amount | Program | Description |
|---|---|---|---|---|
| 05/20/2010 | Warrant | $840,374,892 | CPP | Warrant Proceeds |
| 12/23/2009 | Refund | $25,000,000,000 | CPP | Repayment |
| 12/23/2009 | Dividend | $131,944,444 | CPP | Dividend Payment |
| 11/16/2009 | Dividend | $312,500,000 | CPP | Dividends payment |
| 08/17/2009 | Dividend | $312,500,000 | CPP | Dividends Paid in Aug. 2009 |
| 05/31/2009 | Dividend | $684,027,778 | CPP | Dividends Paid Through 5/31/2009 |
| 10/28/2008 | Purchase | $25,000,000,000 | CPP | Purchase - Preferred Stock w/ Warrants |
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