Wells Fargo & Company (NYSE:
WFC) is
one of the cheap blue-chip stocks to invest in now. On August 28, the company established a new Medium-Term Note Program, Series Y, and a Subordinated Medium-Term Note Program, Series Z.
Ken Wolter / Shutterstock.com
The unveiling of the new program is part of the bank’s efforts to optimize its financial operations, providing more flexibility in managing its debt portfolio. The medium-term notes will give the bank tools that enable companies to raise capital over a specified period.
The launch of the Series Y and Z will enable Wells Fargo to attract investors seeking stable returns through fixed-income securities. The introduction of the programs underscores the bank’s efforts to maintain a robust financial foundation while also providing attractive investment opportunities.
Wells Fargo & Company (NYSE:WFC) is a diversified financial services company offering banking, investments, mortgages, and consumer and commercial finance products and services to individuals and businesses. It provides services including checking and savings accounts, home and auto loans, credit cards, investment management, wealth management, and corporate finance through its Consumer Banking and Commercial Banking divisions.
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13 Best Long-Term Stocks to Invest in According to Warren Buffett.
Disclosure: None. This article is originally published at
Insider Monkey.
