Wells Fargo & Company (WFC) News Today

Wells Fargo & Company (NYSE: WFC) shares are climbing today after a series of favorable legal, strategic and analyst developments.

• The Federal Reserve removed a long-standing asset cap, allowing WFC to aggressively pursue business clients and expand its commercial lending operations (Charlotte Business Journal).
• A federal court ruled in Wells Fargo’s favor in a former employee’s 401(k) forfeiture lawsuit, eliminating a potential liability (Bloomberg Law).
• Wells Fargo Commercial Banking inked a partnership with i2i Logic to deploy a client intelligence platform, delivering personalized digital services and data-driven benchmarks to middle-market clients (Business Wire).
• Raymond James Financial reaffirmed a “strong-buy” rating on WFC stock and lifted its price target to $84.00, implying over 12% upside from recent levels (MarketBeat/Benzinga).
• Top U.S. regulators are poised to ease capital requirements on large banks, a move expected to boost Wells Fargo’s profitability and return on equity (Benzinga).
• MarketBeat’s screener flagged Wells Fargo among the “Best Real Estate Stocks to Research,” reflecting investor interest in its mortgage and real estate financing units.

• MarketBeat noted WFC shares were trading roughly 3.1% higher after these developments, prompting renewed “buy” discussion among investors.
• A separate MarketBeat report highlighted a 2.1% intraday gain, questioning whether the recent run-up still offers a buying opportunity.
• In a broader software-stock analysis, Wells Fargo analysts pointed to only 2% year-over-year growth in corporate IT spending, a sign of sector caution (InsiderMonkey).
• Wells Fargo strategists reiterated support for Alphabet’s Waymo in the autonomous-vehicle race ahead of Tesla’s robotaxi launch, reflecting sector views rather than bank fundamentals (TipRanks).