Wells Fargo and Company (WFC)

[conix]

"To this day, the Fed is awaiting a new submission after rejecting the firm’s first plan almost two years ago, according to people familiar with the matter. As Scharf assembled his new leadership team, Wells Fargo warned the Fed that it wouldn’t make an April deadline for submission. The current due date is September, which this time Wells Fargo expects to hit, the people said."

WFC may get the asset growth cap lifted by the end of the year.

The Fed NEEDS healthy banks to help in this pandemic.

And when that cap is lifted, WFC will be trading over $30.

Mark this post.