The top U.S. consumer watchdog has terminated a 2022 order punishing Wells Fargo for allegedly mishandling auto loans and mortgages, the bank said on Tuesday, bringing it a step closer to having the $1.

Analysts say the termination of a 2022 consent order with the CFPB is a sign that the bank's days under an asset cap may be numbered. But the consumer bureau, still led by Director Rohit Chopra, says Wells is still being scrutinized as a repeat offender.

RBC Capital Markets adjusted its price target on Wells Fargo & Company (NYSE:WFC), increasing it to $80 from the previous $72, while maintaining a Sector Perform rating on the bank's shares. The revision followed Wells Fargo's report of fourth-quarter earnings that surpassed expectations,

Company's stock has reached an unprecedented peak, setting an all-time high of $78.33. This milestone underscores a period of robust performance for the financial services giant, which has seen its stock value surge over the past year.

Derivative Path, Inc., a provider of capital markets technology and derivatives execution services, announced a partnership with Wells Fargo.

In a report released today, Douglas Miehm from RBC Capital assigned a Buy rating to Bausch + Lomb Corporation (BLCO – Research Report), with a

Wells Fargo analyst Matthew Akers lowered the firm’s price target on Lockheed Martin (LMT) to $497 from $500 and keeps an Equal Weight rating

Wells Fargo said on Tuesday that it has passed a major hurdle toward lifting the $1.95 trillion asset cap imposed on the bank following its bogus-account scandal, with the Consumer Financial Protection Bureau terminating its 2022 consent order against the firm, according to Reuters.

In a report released on January 27, Maurice Choy from RBC Capital maintained a Hold rating on Fortis (FTS – Research Report), with a price

Wells Fargo’s automobile- and mortgage-lending practices have now satisfied the requirements of a 2022 consent order set by federal regulators, the bank said.

Company (NYSE: WFC) today announced a significant change in its leadership structure as Jon Weiss steps down from his role as Co-CEO of Corporate & Investment Banking (CIB), transitioning the position to Fernando Rivas.

Wells Fargo said Jon Weiss is retiring as co-chief executive of corporate and investment banking, leaving former JPMorgan Chase executive Fernando Rivas as the sole chief of the bank's Wall Street businesses.