Wells Fargo hits record high following dividend hike
ReutersJul 2, 2025 3:53 PM
Shares of U.S. banking giant Wells Fargo WFC.N hit a record high in late-morning trading; last up ~1%
After market close on Tuesday, Wells Fargo announced plans to hike its quarterly dividend to 45 cents per share from 40 cents
The moves come after the lenders showed they have sufficient capital to withstand scenarios, including a severe economic downturn, surging unemployment and market turmoil
Brokerage Morgan Stanley expects additional banks to announce dividend hikes in the coming days
Including session moves, stock up ~17% YTD
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