Cramer Calls Wells Fargo's Asset-Cap Removal a 'Watershed Moment,' Raises Price Target on the Stock

Cramer calls Wells Fargo's asset-cap removal a 'watershed moment,' raises price target on the stock

Morgan Stanley and Bank of America also raised their price targets after the Fed lifted the bank's years-long lid on growth.

Wells Fargo analysts reboot stock price targets after Fed action

This is what could happen next to Wells Fargo shares.

What's in Wells Fargo's future after the Fed's asset cap lift?

Chris Whalen, chairman of Whalen Global Advisors, explains why Wells Fargo's focus is shifting toward retail banking and away from wholesale lending.To watch more expert insights and analysis on the latest market action, check out more Catalysts here. 00:00 Speaker A The Fed's decision to remove Wells Fargo's $1.95 trillion dollar asset cap is not significant to the bank, according to my next guest. We've got Chris Whalen, he's Whalen Global Adv…

Wells Fargo escapes Fed's asset cap after seven years, able to pursue growth

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The Federal Reserve lifts Wells Fargo's asset cap after seven years - CEO North America

Today, the U.S. Federal Reserve lifted a longstanding cap on Wells Fargo’s assets, which had prevented the firm from growing since 2018. Shares of the company jumped nearly 3% in premarket trading following the announcement. The $1.95 trillion asset cap was imposed on Wells Fargo by federal regulators as a consequence of the 2016 fake accounts scandal. Today, in a unanimous vote, the Fed board voted to lift the seven-year restriction. Wells Farg…

LATEST: Fed removes Wells Fargo asset cap despite AML issues - AML Intelligence

This content is for members only. Visit the site and log in/register to read. The post LATEST: Fed removes Wells Fargo asset cap despite AML issues appeared first on AML Intelligence.