White House to hold call with banks as hundreds struggle to access small business loans [Reuters]
Wells Fargo & Company (WFC)
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Source: Reuters
White House to hold call with banks as hundreds struggle to access small business loans WASHINGTON (Reuters) - The White House was due to speak with banks on Tuesday, as the administration’s $350 billion program to support ailing businesses continued to confront hurdles, with some of the nation’s largest lenders sitting on the sidelines and others unable to access the system. As of Tuesday, Citibank said it was still not accepting loan applications under the program, which began on Friday, while Wells Fargo & Co , which has capped lending under the program at $10 billion, said it had yet to distribute any funds to clients. The Small Business Administration (SBA), which is jointly administering the program with the U.S. Treasury Department, had not yet launched a promised online system for taking on lenders that have never previously registered with the agency, according to the Independent Community Bankers of America (ICBA). “That’s an issue if you’re a non-SBA lender, which is more t
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- 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