$WFC

The article summarizes Q2 earnings for several U.S. banks. Wells Fargo reported $22.7B revenue, up 8.6% YoY, beating analysts’ revenue by 3.9%, and its stock was up 1.6% to $89.09. U.S. Bancorp revenue was $7.76B (+9.9% YoY) with a tangible book value miss; stock up 3.4% to $65.16. PNC revenue was $6.68B (+17.5% YoY) and stock $254.50. Truist revenue was $5.31B (+5.1% YoY) and stock $52.65.

The Linux Foundation said 57 organizations joined its Agentic AI Foundation, raising membership to 247. New Gold-tier members include Alibaba, Visa, and Wells Fargo, each contributing $200,000. AAIF oversees standards such as AGENTS.md and Anthropic’s Model Context Protocol, and also manages the goose agent framework.

Bloomberg, citing ESGAUGE analysis of filings for 61 S&P 100 firms, says most have removed explicit board diversity criteria since 2023. Apple, Alphabet, Amazon, Starbucks and Wells Fargo dropped such provisions. Some firms also removed CEO succession diversity language. Microsoft still keeps gender and minority targets for CEO searches. Former CEOs formed 37% of new S&P 500 directors this year.

Simply Wall St says Wells Fargo (WFC) completed about $1.75B of callable unsecured fixed-income offerings in Aug 2026 and added co-lead underwriters. It also launched tokenized deposits for corporate and commercial clients, aiming for blockchain-based settlement. The article cites WFC forecasts of $94.8B revenue and $24.0B earnings by 2029.

American Banker analysis says 24 of the largest 50 banks had tokenized deposits “on their radar” in Q1, up from 19 in the prior quarter, while 17 had stablecoins on their radar, up from 15 in Q4 2025. Citi CEO Jane Fraser cited Citi Token Services. Wells Fargo plans tokenized-deposit cross-border payments and is in a consortium; banks also back Open Standard for a dollar-backed stablecoin.

Bloomberg News, citing an ESGAUGE report, says 61 S&P 100 companies have removed explicit diversity requirements from director-selection policies, reversing a prior trend. The article names Apple, Alphabet, Amazon, Starbucks, and Wells Fargo among firms that eliminated references to gender, race, ethnicity, and underrepresented groups.

ESGAUGE analysis for Bloomberg News says 61 of the S&P 100 removed explicit diversity criteria for future board members since 2023, including Apple, Alphabet, Amazon, Starbucks and Wells Fargo. Six firms (AMD, Capital One, Microsoft, Starbucks, Uber, Wells Fargo) also extended diversity language to CEO succession planning, but most later walked it back. Spencer Stuart reports Rooney Rule-type provisions fell to 12% from 58%.

Wells Fargo (WFC) said it will let certain clients use tokenized deposits on blockchain for 24/7 settlement within the insured banking system, starting with a dollar-to-pound exchange this fall and expanding through 2027. The bank reported diluted EPS of $2.00 (+25%) and revenue of $22.6B (+9%). Management also flagged flat noninterest-bearing deposits and potential leverage buildup.

Wells Fargo provided $175 million in construction financing for The Domain Companies to develop Elara, a Queens, NY mixed-income project with 429 units across two buildings. Canyon Partners Real Estate and BLDG Management also invest equity. The complex will include 107 permanently affordable units and 4,000 sq ft of retail, with openings in Sept 2028 and Feb 2028, respectively.

Bloomberg reports that, based on an ESGAUGE analysis of filings for S&P 100 companies, 61 firms have removed explicit DEI criteria for new board director selection since 2023. It cites Apple, Alphabet, Amazon, Starbucks and Wells Fargo. NLPC says boards should still seek Black and female candidates without explicit DEI terms, and notes agreements with American Express, Deere and Goldman Sachs.