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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (date of earliest event reported): July 9, 1997
WELLS FARGO & COMPANY
(Exact name of registrant as specified in its charter)
Delaware 1-6214 No. 13-2553920
(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification No.)
420 Montgomery Street, San Francisco, California 94163
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (415) 477-1000
Not applicable
(Former name or former address, if changed since last report)
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Item 5: OTHER EVENTS
Attached hereto as Exhibit 99 is a Press Release announcing that Wells
Fargo & Company's second quarter 1997 earnings will not meet analysts'
expectations.
Item 7: FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
99 Copy of the Press Release announcing that Wells Fargo &
Company's second quarter earnings will not meet analysts'
expectations.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized, on July 9, 1997.
WELLS FARGO & COMPANY
By: FRANK A. MOESLEIN
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Frank A. Moeslein
Executive Vice President and Controller
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[LETTERHEAD]
FOR IMMEDIATE RELEASE
5:00 a.m. Pacific Time Kim Kellogg
Wed., July 9, 1997 ----------------------------
Exhibit 99
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WELLS FARGO & CO. PROVIDES OUTLOOK FOR
SECOND QUARTER EARNINGS
Wells Fargo & Company (NYSE: WFC) today announced that its second quarter
1997 earnings will not meet analysts' expectations. Wells Fargo estimates that
earnings will be approximately 30 percent below first quarter 1997 earnings, or
approximately $1 per share below the analysts' consensus of $3.53 per share, as
reported by Zacks Investment Research.
The Company attributed the shortfall to one-time, unexpected expenses
resulting from the resolution of various operational and back-office issues
related to the First Interstate integration, including clearing accounts with
other banks.
These statements about estimated results are preliminary and are based on
currently available information and management assumptions. The Company will
release its second quarter earnings next Tuesday, July 15, at which time more
details about the quarter's results will be available.
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