Wells Fargo, WFC, files for $9.5 billion mixed shelf offering

Wells Fargo, $WFC, files for $9.5 billion mixed shelf offering.

The offering may include debt securities, warrants, units and purchase contracts.

The company intends to use the net proceeds for general corporate purposes.

Recently, on Thursday of last week, America's 4 top banks - JPMorgan, $JPM, Bank of America, $BAC, Wells Fargo, $WFC, and Morgan Stanley, $MS -  had $55 billion wiped off their market value in a single day on Thursday, per BI.

Meanwhile, Silicon Valley Bank later collapsed, the largest bank since 2008.

Silicon Valley was the 16th largest bank in the US, holding $210 billion in assets.

Read more: https://unusualwhales.com/news/americas-4-top-banks-jpmorgan-jpm-bank-of-america-bac-wells-fargo-wfc-and-morgan-stanley-ms-had-55-billion-wiped-off-their-market-value