Wells Fargo rises after OCC terminates 2015 consent order

Shares of Wall Street giant Wells Fargo WFC.N rise 1% to $74.41

WFC says the Office of the Comptroller of the Currency's 2015 agreements relating to the bank's previously held financial subsidiaries have been terminated

The latest termination marks the 13th consent order closed by Wells Fargo's regulators since 2019 and the seventh this year

WFC's last remaining consent order is the 2018 consent order with the Federal Reserve Board that imposed a $1.95 trillion asset cap

CEO Charlie Scharf on Wednesday told investors at a conference that he was "very confident" that the asset cap will get lifted

Seventeen of 24 brokerages rate the stock "buy" or higher and seven rate "hold"; with a median PT $78, according to data compiled by LSEG

As of last close, WFC stock up 5% YTD