WFC

AI Research

Series BB preferred redemption + digital assets trademark filing → $0.45 dividend

Wells Fargo fully redeemed its Series BB preferred stock on March 16, 2026, and a recent trademark filing suggests a potential strategic shift toward digital assets. The bank announced a $0.45 per share quarterly common stock dividend and named Dennis Devine as head of Business Banking effective February 23. 16 analysts rate WFC a Buy with a 12-month target of $97.37 (28.5% upside from current levels), though recent interest-rate volatility and private credit market concerns have pressured the stock.