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Story continues
yr-to-Date expense performance
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Amid the pandemic-caused financial slowdown, ultimate 12 months, the critical financial institution had constrained dividends and share repurchases via fundamental banks in an effort to conserve liquidity. hence, Wells Fargo decreased its dividend with the aid of 80% to 10 cents per share and did not resume buybacks until the conclusion of December. however, after the Fed's 2d round of stress look at various and subsequent approval, it resumed repurchases in first-quarter 2021 and raised its share-repurchase authorization by extra 500 million shares.
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