The troubled bank will be allowed to temporarily lend to struggling small businesses [CNNMoney.com]
Wells Fargo & Company (WFC)
Last wells fargo & company earnings: 4/14 07:46 am
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Source: CNNMoney.com
Fed (temporarily) takes the shackles off Wells Fargo, freeing it to help small businesses New York (CNN Business) The Federal Reserve is temporarily letting Wells Fargo out of the penalty box, freeing the troubled bank to aggressively lend to small businesses struggling to survive the coronavirus crisis. The Fed said in a statement Wednesday it is lifting the growth restrictions , first imposed on Wells Fargo ( WFC ) in 2018, because of the "extraordinary disruptions from the coronavirus." The change will allow Wells Fargo to participate only in emergency programs designed to help companies harmed by the health crisis, including a forgivable loan program for small businesses. The Fed said the so-called asset cap will be snapped back on once those emergency programs are inactive. Wells Fargo is being required by regulators to turn over profits from these programs to the US Treasury Department or to nonprofits approved by the Fed or to the US Treasury. Even thou
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WFC
News
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- Cracks begin to appear at the biggest U.S. banks [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Wells Fargo & Company (NYSE:WFC) had its price target lowered by analysts at TD Cowen from $102.00 to $100.00. They now have a "hold" rating on the stock.MarketBeat
- Wells Fargo & Company (NYSE:WFC) had its "outperform" rating reaffirmed by analysts at Royal Bank Of Canada. They now have a $100.00 price target on the stock.MarketBeat
- Wells Fargo & Company (NYSE:WFC) had its price target lowered by analysts at Evercore ISI from $110.00 to $105.00. They now have an "outperform" rating on the stock.MarketBeat
WFC
Earnings
- 1/14/26 - Miss
WFC
Sec Filings
- 1/16/26 - Form 424B2
- 1/16/26 - Form 424B2
- 1/16/26 - Form 424B2
- WFC's page on the SEC website