Wells Fargo's $1.11B Trading Volume Ranks 78th as Court Ruling Limits Legal Risk Exposure Shares Drop 0.45%

On August 6, 2025, Wells Fargo (WFC.N) recorded a trading volume of $1.11 billion, ranking 78th among stocks in the U.S. market. The shares closed down 0.45% amid legal developments impacting its risk exposure.

A federal judge ruled that Wells Fargo will not face a class-action lawsuit over alleged mortgage discrimination against Black and Hispanic applicants. U.S. District Judge James Donato in San Francisco dismissed the group litigation, stating plaintiffs failed to demonstrate sufficient commonality in their claims. The case centered on the bank’s automated underwriting system, CORE, which plaintiffs argued used “race-infected algorithms” to disproportionately deny minority mortgage applications. The judge noted plaintiffs could not prove statistically significant disparities in approval rates, undermining the basis for collective action. This decision spares the bank from potential multi-billion-dollar liabilities, though individual lawsuits remain a possibility.

The ruling follows the Federal Reserve’s recent removal of a seven-year asset cap imposed after prior customer-related scandals. Regulators cited improved risk management at the bank, which may bolster investor confidence. Legal representatives for the plaintiffs did not immediately comment on the outcome.

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