WFC Stock Up 5.2% on Submission of Review to Fed for Lifting Asset Cap

WFC Stock Up 5.2% on Submission of Review to Fed for Lifting Asset Cap

Wells Fargo submitted a third-party review of its risk and control changes to the Federal Reserve to lift the asset cap imposed since 2018. Despite ongoing challenges, progress offers hope for investors. Meanwhile, shares rose by 5.2% following the news.

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