Wells Fargo (WFC) Soars 5.2%: Is Further Upside Left in the Stock?
WFCWells Fargo(WFC) ZACKS·2024-09-28 03:26

Wells Fargo (WFC) shares soared 5.2% in the last trading session to close at $56.39. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 6.1% loss over the past four weeks.The company witnessed a strong price increase as its longstanding battle to escape a Federal Reserve restriction imposed on its assets since 2018 has entered a new phase. The bank has submitted a third-party review of its risk and control overhauls to the Fed for s ...