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.

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.

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.

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.

Jon Weiss, has informed the bank of his intention to retire and will step down from his position effective immediately, the company said on Thursday.