Wells Fargo raises $2.25B through new 6.125% preferred stock offering

Filed March 18, 2026 · Period ending March 16, 2026 · ~1 min read

Key Changes

• high

  Wells Fargo sold 2.25 million depositary shares of newly created Series GG preferred stock on March 18, representing approximately $2.25 billion in capital raised. Each depositary share represents 1/25th interest in preferred stock with $25,000 liquidation preference.

  Item 8.01 view on EDGAR →
• medium

  The Series GG preferred stock carries a 6.125% fixed dividend rate that resets periodically. Dividends are non-cumulative, meaning unpaid dividends don't accumulate, and the shares are perpetual with no maturity date.

  Item 5.03 verify on EDGAR →
• medium

  Wells Fargo designated 90,000 authorized shares of Series GG preferred stock on March 16 through a Certificate of Designation filed with Delaware. The new series ranks senior to common stock in liquidation scenarios.

  Item 5.03 verify on EDGAR →