Wells Fargo Stock Rises After Fed Lifts Growth Cap

09:06am, Wednesday, 04'th Jun 2025
Shares of financial giant Wells Fargo & Co (NYSE:WFC) are up 2.2% before the bell, after the Federal Reserve officially lifted its long-standing asset cap on the bank.
The Federal Reserve has lifted restrictions imposed on Wells Fargo's (WFC) growth seven years ago following a series of scandals, including one where staff set up fake accounts.
The giant lender can once again compete aggressively on all fronts to make up for lost ground in deposits.
Wells Fargo shares rose more than 3% in premarket trading on Wednesday, after the U.S. Federal Reserve lifted a longstanding cap on its assets, marking a crucial milestone in the bank's push to rebuil

What's Happening With JPMorgan Stock?

05:30am, Wednesday, 04'th Jun 2025
JPMorgan stock (NYSE: JPM) has seen an increase of approximately 11% year-to-date, in comparison to the 1% rise in the S&P 500 index during the same timeframe. In contrast, JPMorgan's competitor Wells
When Charlie Scharf took over as Wells Fargo CEO nearly six years ago, he said its culture was broken. On Tuesday, the Fed said the bank's problems were mostly fixed as it lifted a $1.95 trillion asse
The Federal Reserve said that Wells Fargo is no longer subject to asset caps. Wells stock rose within a buy zone.

Final Trade: C, NKE, B, WFC

06:32pm, Tuesday, 03'rd Jun 2025
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
Wells Fargo & Co. on Tuesday cleared a major obstacle to its growth plans, opening the way for the bank to grow after years of restrictions related to its fake-accounts scandal.
The Fed board voted unanimously to lift the $1.95 trillion asset cap restriction, which was the first time the central bank had directly ordered a bank to stop growing in order to address widespread s
The U.S. Federal Reserve announced late on Tuesday that Wells Fargo will no longer have to operate under a $1.95 trillion asset cap the regulator imposed on the bank in 2018 following its long-running
The Federal Reserve lifts Wells Fargo's asset cap from 2018 enforcement action.

Fed Lifts Wells Fargo Asset Cap

04:35pm, Tuesday, 03'rd Jun 2025
Wells Fargo has been released from a Federal Reserve asset cap that has restricted its size for over seven years, allowing the bank to pursue growth again. Sally Bakewell has more on "Bloomberg The Cl
The U.S. Federal Reserve announced on Tuesday that Wells Fargo will no longer have to operate under a $1.95 trillion asset cap the regulator imposed on the bank in 2018 following its long-running sale
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE: WFC) today confirmed that the Board of Governors of the Federal Reserve System (the Federal Reserve) has determined that Wells Fargo has me
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