WELLS FARGO & COMPANY AUTHORIZES BUYBACK OF UP TO 30 MILLION COMMON SHARES
SAN FRANCISCO — September 25, 2001
Wells Fargo & Company's (NYSE: WFC) Board of Directors today authorized the Company to acquire, from time to time, up to 30 million shares of the Company's issued and outstanding common stock.
These shares, to be purchased at market price, are to meet periodic common stock issuance requirements for benefit plans, conversion of convertible securities, acquisitions, and other corporate purposes. The Company currently has 1.7 billion shares outstanding.
Wells Fargo & Company is a diversified financial services company with $290 billion in assets, providing banking, insurance, investments, mortgage and consumer finance through more than 5,400 stores, the internet (wellsfargo.com ) and other distribution channels across North America and elsewhere internationally.