Wells Fargo & Company (NYSE: WFC) announced an additional authorization to buy 50 million shares of the Company’s common stock. The buyback will cover the dilution caused by the stock acquisition of Greater Bay Bancorp, expected by the end of this year. Wells Fargo & Company is a diversified financial services company with $540 billion in assets, providing banking, [...]
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Wells Fargo & Company Authorizes Buyback of 50 Million Common Shares
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Wells Fargo extends stock repurchase program
Wells Fargo (NYSE: WFC) announced board authorization to repurchase an additional 75 million shares. This authorization is in addition to the remaining capacity of 61.8 million shares in the current buy back program. The quarterly dividend remains unchanged at $0.28 per share after an 8% increase in June 2006. ### PAYOUT YIELD ANALYSIS The extension [...]
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