Should Wells Fargoβs AI Hire and Emberpoint Bet Prompt a Rethink by WFC Investors?
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In recent weeks, Wells Fargo has joined Lockheed Martin, PG&E and Salesforce to launch Emberpoint, a wildfire-technology venture backed by more than US$100 million of committed partner funding, reported full-year 2025 earnings with net income of US$21,338 million, and continued issuing a range of senior unsecured notes across multiple maturities. Wells Fargo also named former Amazon Web Services and Google executive Faraz Shafiq as its new Head of AI Products and Solutions, underscoring how...
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In recent weeks, Wells Fargo has joined Lockheed Martin, PG&E and Salesforce to launch Emberpoint, a wildfire-technology venture backed by more than US$100 million of committed partner funding, reported full-year 2025 earnings with net income of US$21,338 million, and continued issuing a range of senior unsecured notes across multiple maturities. Wells Fargo also named former Amazon Web Services and Google executive Faraz Shafiq as its new Head of AI Products and Solutions, underscoring how...