Wells Fargo & Co

NYSE:WFCUnited States

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• ICON's Initiative 99 Global Architecture Competition Phase Two Winners Revealed, from 5 hours ago by Dow Jones

  5 hours ago by Dow Jones
  Companies Mentioned: WFC
  
  Two of the Award-winning Designs Additionally Selected to be 3D-printed for Austin Nonprofit Serving the Area's Homeless Community
  
  NORTHAMPTON, MA / ACCESSWIRE / October 1, 2024 / ICON announced today the winners of the second (and final) phase of Initiative 99, the global architecture competition to reimagine affordable housing that can be built for $99,000 or less. In addition to the total prize purse of $1M for both Phase 1 and Phase 2, ICON, the Initiative 99 jury and Mobile Loaves & Fishes (MLF) have selected two award-winning designs in the Professional category for ICON to 3D print within MLF's Community First! Village's expansion of their growing master planned development serving the Austin-area's homeless community. Breaking ground in early 2025, the Initiative 99-designed homes at Community First! Village will be brought to life in part from grant funding from Wells Fargo, which has committed $500,000 to serve the underhoused community.
  

• Wells Fargo Donates More Than $1 Million For Hurricane Helene Disaster Relief, from 6 hours ago by Dow Jones

  6 hours ago by Dow Jones
  Companies Mentioned: WFC
  
  As communities across the Southeast grapple with the devastation caused by Hurricane Helene, Wells Fargo is donating more than $1 million for urgent needs such as shelter, supplies, and other ongoing support for residents impacted by the storm. Funding will go to the American Red Cross and local nonprofits like Volunteer Florida through the Florida Disaster Fund to strengthen their capacity to reach those impacted or displaced.
  

• DJ Wells Fargo Could Finally Put Its Scandals Behind It. Buy the Stock. -- Barrons.com, from 14 hours ago by Dow Jones

  14 hours ago by Dow Jones
  Companies Mentioned: JPM, WFC, BAC
  
  By Andrew Bary
  
  After years of struggling under the weight of a regulator-imposed asset cap, Wells Fargo could be ready to break free.
  
  Wells Fargo stock has been a big laggard among major banks in the six years since regulators punished it for creating fake customer accounts by imposing a cap on its assets at about $1.95 trillion. That and other regulatory issues have crimped the bank's returns, limited growth, hurt its reputation, and bloated its costs, while rivals like Bank of America and JPMorgan Chase have operated largely unfettered. Since the cap was put in place in February 2018, Wells Fargo stock is down 12%, while Bank of America has risen 25% and JPMorgan has gained 85%.