Here's Why the Stimulus Will Hurt Wells Fargo as Well as Help It [The Motley Fool]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: The Motley Fool
With the economy in a deep freeze due to the COVID-9 pandemic, the government passed the CARES Act to help mitigate the negative financial effects created by having so many people out of work. Part of that act funded a Federal Reserve initiative called the Main Street Lending Program to provides loans to small businesses to help them make payroll for the short term. Other measures in the act addressed mortgage forbearance and increased lines of credit from the Federal Reserve.All these initiatives are likely to have a big effect on the entire banking industry over the coming months (and perhaps years). But how willWells FargoNYSE:WFCWells will be allowed to temporarily grow its balance sheetWells Fargo was penalized by the Federal Reserve in the aftermath of the bank'sfake-accounts scandalOn int first-quarter 00 earningsconference callImage source: Getty Images.Severe measures for the mortgage industryThe CARES Act includes some provisions that are quite draconian for mortgage bankers
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WFC
News
- Netflix Lines Up $59 Billion of Debt for Warner Bros. Deal [Yahoo! Finance]Yahoo! Finance
- Netflix lines up $59 billion of debt for Warner Bros. deal [Fortune]Fortune
- EquipmentShare Closes $2.75 Billion Senior Secured Asset-Based Revolving Credit Facility With Wells FargoBusiness Wire
- Wells Fargo to Present at the Goldman Sachs Financial Services ConferenceBusiness Wire
- Barclays Analyst Positive on Wells Fargo (WFC) [Yahoo! Finance]Yahoo! Finance
WFC
Earnings
- 10/15/25 - Beat
WFC
Sec Filings
- 12/1/25 - Form 424B2
- 12/1/25 - Form 424B2
- 12/1/25 - Form 424B2
- WFC's page on the SEC website