Wells Fargo (NYSE:WFC) Plans Redemption Of US$25,000 Series U Preferred Stock
Wells Fargo (NYSE:WFC) recently announced the redemption of its Series U Preferred Stock, which aligns with a month where its shares appreciated 21%. This announcement, combined with a sizable share buyback program and ongoing dividend disbursements, provided momentum for Wells Fargo during a broader market upswing, as the S&P 500 and Nasdaq Composite extended their winning streaks. The market's positive sentiment, driven by dissipating trade tensions and encouraging economic data, also...