Wells Fargo & Company has made several significant announcements lately. The company's co-CEO of investment banking, Jon Weiss, has decided to step down. This decision follows on the heels of the 2022 Consumer Financial Protection Bureau (CFPB) Consent Order being terminated. Asset management firms like Granite Harbor Advisors and Cibc World Market have increased their stake in Wells Fargo, indicated by the purchase of over 3k and 682k shares respectively. An important milestone has been achieved in Wells Fargo's regulatory transformation, as it clears a critical regulatory hurdle. It also declared a common stock dividend, pushing its shares to a new 12-month high. Its fourth quarter 2024 financial results showed profits exceeding forecasts, leading to shares climbing. Wall Street analysts are projecting future growth for the firm, and the bank's prime rate was decreased to 7.5 percent.
Wells Fargo WFC News Analytics from Thu, 12 Sep 2024 07:00:00 GMT to Sat, 01 Feb 2025 13:48:11 GMT -
Rating 8
- Innovation 2
- Information 6
- Rumor -5
