Fed terminates 2 Wells Fargo consent orders
Both orders were issued in 2011 and address mortgage business issues. Wells has resolved nine consent orders since 2019, and ...
Business Insider22d
Wells Fargo price target raised to $80 from $72 at RBC Capital
RBC Capital raised the firm’s price target on Wells Fargo (WFC) to $80 from $72 and ... combined with strong growth capital markets revenues, drove the better than expected revenue and EPS ...
Wells Fargo's regulatory burden eases further as CFPB terminates 2022 punishment
The top U.S. consumer watchdog has terminated a 2022 order punishing Wells Fargo for allegedly mishandling auto loans and ...
American Banker9d
Wells Fargo exits consent order. Is more regulatory progress coming?
Analysts say the termination of a 2022 consent order with the CFPB is a sign that the bank's days under an asset cap may be ...
Wells Fargo moves step closer to getting Fed’s asset cap removed
The asset cap’s removal will be a pivotal moment for Wells Fargo and could be timed with the bank announcing a headquarters ...
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RBC revises Wells Fargo shares outlook citing stronger-than-expected Q4 results
The analyst from RBC Capital provided updated earnings per share (EPS) forecasts for Wells Fargo, raising the 2025 estimate to $5.85 from $5.50 and the 2026 projection to $6.75 from $6.45.
American Banker2d
Wells Fargo freed from a pair of 13-year-old consent orders
The Federal Reserve Board lifted two enforcement actions against the megabank dating back to 2011. But the Fed's seven-year-old asset cap remains in effect.
Financial Advisor IQ8d
Wells Sheds Another Consent Order but Asset Cap Remains in Place
Wells Fargo said on Tuesday that it has passed a major hurdle toward lifting the $1.95 trillion asset cap imposed on the bank ...
Analysts Offer Insights on Financial Companies: Western Union (WU), Unum Group (UNM) and Wells Fargo (WFC)
Analysts have been eager to weigh in on the Financial sector with new ratings on Western Union (WU – Research Report), Unum Group (UNM – ...
The Business Journals10d
Wells Fargo moves a step closer to getting Fed’s asset cap removed
Gerard Cassidy, an analyst at RBC Capital Markets, also saw the latest development with the CFPB as a promising sign. “We view this news as a positive for Wells Fargo as it demonstrates progress ...