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Stock impact report

Wells Fargo Advances Multi-Year Simplification Plan to Enhance Returns [Yahoo! Finance]

GATX Corporation (GATX) 
Last gatx corporation earnings: 1/23 08:30 am Check Earnings Report
Company Research Source: Yahoo! Finance
This effort, led by CEO Charlie Scharf since 2019, aims to cut costs significantly—targeting up to $10 billion annually—and reallocate capital to core franchises. In sync with this, in May 2025, WFC agreed to sell its rail lease portfolio to a joint venture of GATX and Brookfield. Marking a significant step in this transaction, this month, GATX Corporation and Brookfield Infrastructure Partners L.P. received all required regulatory approvals to close the deal on or around Jan. 1, 2026. Earlier, in March 2025, the bank completed the sale of its non-agency third-party commercial mortgage servicing business to Trimont, backed by Värde Partners, reducing exposure to operationally complex commercial real estate servicing activities. In 2023, the company also sold approximately $2 billion of private equity fund investments in Norwest Equity Partners and Norwest Mezzanine Partners to institutional investors, further aligning its portfolio with core banking priorities. The company also Show less Read more
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