Wells Fargo & Co. (WFC)
Wells Fargo Nears End of $1.95T Asset Cap Amid Regulatory Progress
WFC is nearing the removal of its $1.95 trillion asset cap, which was imposed in 2018 following its significant regulatory progress.
Wells Fargo & Company (WFC) Is a Trending Stock: Facts to Know Before Betting on It
Wells Fargo (WFC) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Wells Fargo (WFC) Rises Higher Than Market: Key Facts
Wells Fargo (WFC) closed at $76.90 in the latest trading session, marking a +1.24% move from the prior day.
Wells Fargo's Preferred Shares Offer A Reliable 6.1% Dividend Yield
I favor Wells Fargo's Series L "busted" preferred shares due to their low call risk and potential for capital gains upon forced conversion. Wells Fargo's financial results are robust, with preferred dividends well-covered, requiring only 5% of net income, ensuring reliable dividend payments. The Series L preferred shares offer a long-term fixed income investment, with minimal imminent call risk and potential capital gains if converted.
Senator Urges Fed to Maintain Asset Cap on WFC Over Compliance Issues
Warren appealed to the Fed to keep the asset cap until Wells Fargo proves capable of handling the risks associated with managing a large institution.
Wells Fargo Stock: Why It Could Continue Its Bull Run Once The Asset Cap Is Lifted
Wells Fargo has submitted a third-party review to the Federal Reserve to lift a $1.95 trillion asset cap imposed after the 2016 fake accounts scandal. CEO Charlie Scharf has been addressing compliance issues since 2019, aiming to remove the cap and secure a significant victory for the bank. Despite a 2024 jump in shares, executives anticipate the asset cap will remain in place at least into next year.
Wells Fargo (WFC) Stock Dips While Market Gains: Key Facts
In the closing of the recent trading day, Wells Fargo (WFC) stood at $74.09, denoting a -0.34% change from the preceding trading day.
Wells Fargo Hits 52-Week High: Is WFC Stock Worth Considering?
WFC hits 52-week high, driven by deposit growth, solid balance sheet and cost management. Yet, lower loan balance & declining mortgage banking income are woes.
Prediction: Trump's Victory Should Pave the Way for Wells Fargo to Shed Its Asset Cap, Which Has Cost the Bank Billions in Profits
Prediction: Trump's Victory Should Pave the Way for Wells Fargo to Shed Its Asset Cap, Which Has Cost the Bank Billions in Profits
Investors Heavily Search Wells Fargo & Company (WFC): Here is What You Need to Know
Zacks.com users have recently been watching Wells Fargo (WFC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Wells Fargo touches all-time high as analyst hikes price target to new level
The outperformance of Wells Fargo & Co.'s stock over other big bank stocks continued Tuesday, as its touched an all-time high for the second straight day and a BofA analyst hiked his price target for the San Francisco-based financial giant.
Wells Fargo & Company (WFC) BancAnalysts Association of Boston Conference (Transcript)
Wells Fargo & Company (NYSE:WFC ) BancAnalysts Association of Boston Conference Call November 7, 2024 8:10 AM ET Company Participants Mike Santomassimo - Chief Financial Officer Conference Call Participants Gerard Cassidy - RBC Capital Markets Gerard Cassidy Good morning, everyone. I'm Gerard Cassidy, President of the BancAnalysts Association of Boston.
