WELLS FARGO & COMPANY APPROVES PURCHASES OF UP TO EIGHT MILLION SHARES OF COMMON STOCK
SAN FRANCISCO — January 26, 1999
Wells Fargo & Company's Board of Directors voted today to authorize the company to acquire, from time to time, up to eight million shares of Wells Fargo common stock. The company has approximately 1.644 billion shares outstanding.
The shares, to be purchased at market price, are part of Wells Fargo & Company's systematic pattern of common stock repurchases to meet the periodic common stock issuance requirements for Wells Fargo's benefit plans and other stock issuance requirements, including acquisitions accounted for as purchases.
Wells Fargo & Company is a $202 billion diversified financial services company providing banking, insurance, investments, mortgage and consumer finance through 5,895 stores and other distribution channels across North America.