San Francisco ? Wells Fargo plans to sell $10.4 billion in new stock to help repay all $25 billion in bailout aid it received from the government at the height of the market meltdown last fall.

The announcement Monday from the San Francisco-based bank came hours after Citigroup Inc. said it would repay $20 billion worth of taxpayer funds. A Wells Fargo spokeswoman said the company wasn’t making the announcement out of pressure following Citigroup’s move.