How Will Wells Fargo Be Affected If Fed's Growth Restrictions Remain In Place For All Of 2019? [Forbes]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: Forbes
Vehicles sit parked outside a Wells Fargo & Co. bank branch in Palatine, Illinois. Photographer: Christopher Dilts/Bloomberg © 2018 Bloomberg Finance LP Wells Fargo ’s efforts to put its sales malpractice issues in the past received a major setback recently, with the Federal Reserve pointing out inadequacies in its plan to resolve internal governance issues . While the U.S. banking giant now expects the growth restrictions to remain in place for around six more months, we believe that the bank may have to contend with the restrictions for much of 2019. Our interactive dashboard captures the impact of the growth restriction on Wells Fargo’s results and share value . Notably, if the restriction lasts through the end of 2019, then we estimate the fair value of Wells Fargo’s share price to be around $53 – a figure that is almost 15% lower than our current estimate of $62 for the bank’s shares. Understanding The Fed’s Enforcement Order, And Wells Fargo’s Progr
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News
- Wells Fargo (WFC) is a Great Momentum Stock: Should You Buy? [Yahoo! Finance]Yahoo! Finance
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- Markets Close in the Green; Mag 7 Earnings This Week [Yahoo! Finance]Yahoo! Finance
- Citigroup Selling Maple Bonds in First Sizable Deal Since 2015 [BNN Bloomberg (Canada)]BNN Bloomberg
- Wells Fargo Senior EVP Ather Williams On Digital And AI In Banking [Forbes]Forbes
WFC
Earnings
- 4/12/24 - Beat
WFC
Sec Filings
- 4/23/24 - Form 8-K
- 4/23/24 - Form PX14A6G
- 4/23/24 - Form 424B2
- WFC's page on the SEC website