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Wells Fargo asset cap likely to be removed next year - report
Wells Fargo (NYSE:WFC) stock gained 2.5% in Tuesday premarket trading after a media report that the asset cap placed on the bank almost seven years ago is likely to be lifted in 2025.
Barron's8mon
Wells Fargo's Assets Are Still Capped. When That Ends Is Unclear.
Wells Fargo’s asset cap is still in place, and investors are eagerly awaiting an update on when it will be lifted. On a call with the media Friday, Chief Financial Officer Michael Santomassimo ...
Barron's11mon
Wells Fargo's Asset Cap Could Be Key for the Stock
(Victor J. Blue/Bloomberg) Wells Fargo is scheduled to report first-quarter earnings on Friday, and investors will be keeping an eye out for any updates on the bank’s asset cap allowance and net ...