Wells Fargo to cut Q3 dividends.

BANKING AND CREDIT NEWS-July 2, 2020--Wells Fargo to cut Q3 dividends

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Global Banking News - 02 July 2020

Wells Fargo (NYSE: WFC) has announced plans to reduce its dividend pay-outs in the third quarter.

While most large banks in the US have said that they will continue to pay out regular dividends, Wells Fargo could reduce its dividend from its current level of USD0.51 per common share.

The exact amount is to be announced on July 14. Wells Fargo is currently under...

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