Wells Fargo ticks up as regulatory progress speeds up

Wall Street giant Wells Fargo WFC.N shares rise 0.4% to $70 premarket

The U.S. Consumer Financial Protection Bureau has terminated a 2018 consent order related to the bank's compliance risk management, Wells Fargo says

Progress on the regulatory front has accelerated this year, with six consent orders closed so far, compared with one in 2024

WFC has now closed 12 consent orders since 2019 and still has two open

"Today's termination, along with the recent closure of other consent orders, demonstrates that we have completed much of our common risk and control infrastructure work, including work that is required by other orders" - CEO Charlie Scharf

18 of 24 brokerages rate the stock "buy" or higher and six "hold"; median PT $77 - data compiled by LSEG

As of last close, WFC down 0.7% YTD