The bank will sell its rail operating lease assets to a joint venture between GATX and Brookfield Infrastructure.

The acquired portfolio, primarily freight cars (95%), has a 97% utilisation rate and a diverse mix of car types.

Shares of leasing services company GATX (NYSE:GATX) jumped 10% in the afternoon session after it struck a $4.4 billion deal ...

Wells Fargo & Company WFC entered into a definitive agreement to divest its rail equipment leasing business to a newly formed ...

Wells Fargo & Co. agreed to sell the assets of its rail equipment leasing business to a venture between Brookfield ...

Wells Fargo exits rail leasing with a major sale to GATX and Brookfield Infrastructure, transferring more than 125,000 rail ...

The transaction comes as the megabank is determined to simplify its operating model and shed units that have slower growth ...

A new joint venture of GATX Corp. and Brookfield Infrastructure Partners L.P. have entered into a definitive agreement to ...

Shares of GATX climbed after the company's new joint venture with Brookfield Infrastructure notched a deal to buy Wells Fargo's rail assets for a book value of about $4.4 billion. The stock rose 8.8% ...

Wells Fargo said on Thursday it has signed a deal to sell its rail equipment leasing business to a newly formed joint venture ...

GATX Co. (NYSE:GATX – Get Free Report)’s stock price gapped up prior to trading on Friday .The stock had previously closed at $146.47, but opened at $152.11. GATX shares last traded at $160.32 ...

GATX and Brookfield Infrastructure form a joint venture and enter into an agreement to acquire Wells Fargo’s rail operating lease portfolio, composed of approximately 105,000 railcars ...