Wells Fargo authorizes up to USD 40 billion of share repurchases

Wells Fargo’s board authorized a new common-stock repurchase program of up to USD 40 billion, to start after completion of the existing program. The authorization is capacity, not completed repurchases. The board also approved a quarterly USD 0.40 dividend per common share, payable June 1, 2025 to holders of record on May 9, 2025.