Wells Fargo & Company expects to increase its third quarter 2024 common stock dividend by 14% to $0.40 per share from $0.35 per share, subject to approval by the Company?s Board of Directors at its regularly scheduled meeting in July. Additionally, over the four-quarter period beginning third quarter 2024 through second quarter 2025, the Company has capacity to repurchase common stock, which will be routinely assessed as part of the Company?s internal capital adequacy framework that considers current market conditions, potential changes to regulatory capital requirements, and other risk factors.