From Yahoo Finance: 2025-05-30 00:29:00

Wells Fargo plans to sell its $4.4 billion rail asset portfolio to a joint venture between Brookfield Infrastructure and GATX Corporation. The deal includes 105,000 railcars and 440 locomotives, aligning with Wells Fargo’s strategy to streamline operations. Brookfield will own 70% of the business, with GATX overseeing operations initially holding a 30% stake. The transaction is expected to close by Q1 2026.

GATX Corporation gains operational control in the joint venture with Brookfield Infrastructure. Wells Fargo’s move to simplify its business aligns with its client-focused approach. While Wells Fargo has growth potential, some believe other AI stocks offer higher returns with limited risk. For those seeking promising AI stocks, consider exploring opportunities beyond Wells Fargo.



Read more at Yahoo Finance: Wells Fargo Signs a Deal to Sell its $4.4 Billion Rail Asset Portfolio