Wells Fargo's 11.57 Billion Trading Volume Ranks 45th Amid Regulatory Progress

Generado por agente de IAAinvest Market Brief
lunes, 28 de abril de 2025, 7:33 pm ET1 min de lectura
WFC--

On April 28, 2025, Wells FargoWFC-- (WFC) experienced a trading volume of 11.57 billion, ranking 45th in the day's stock market activity. The stock price decreased by 0.43%.

Wells Fargo has made significant strides in resolving its regulatory issues, clearing its twelfth consent order since 2019. This progress marks a major step towards addressing longstanding regulatory challenges that have kept the bank under scrutiny. The bank has successfully concluded a major consent order with the Consumer Financial Protection Bureau (CFPB), leaving only two pending orders.

Analysts have forecasted a potential upside of 10.35% for WFCWFC-- stock, with a high target of $90.00. However, GuruFocus' GF Value suggests a 16.22% downside risk from the current stock price. The average one-year price target for Wells Fargo sits at $77.54, indicating a potential upside of 10.35% compared to the current share price of $70.27. Brokerage firms have given Wells Fargo an average rating of 2.1, aligning with an "Outperform" designation.

Wells Fargo's progress with regulators includes the termination of a 7-year-old CFPB order, marking the 12th regulatory order lifted since 2019. This development signals significant progress in resolving long-standing regulatory challenges and enhancing the bank's risk management and compliance practices. The Consumer Financial Protection Bureau has lifted a 2018 consent order related to Wells Fargo's compliance risk management, further indicating the bank's efforts to address regulatory concerns.

The Federal Reserve is reportedly preparing to lift the asset cap on Wells Fargo during the course of this year, which is good news for the bank and its shareholders. This move would allow Wells Fargo to expand its asset base and potentially increase its profitability. The announcement of the termination of the consent order has also signaled further progress in Wells Fargo's multi-year regulatory clean-up efforts.

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