From Yahoo Finance: 2025-06-18 18:27:00

Wednesday saw a quiet day on the stock market, with the S&P 500 flatlining. However, Wells Fargo’s shares surged over 3% due to news about regulations and an analyst’s price target increase. Federal bank regulators are considering reducing the enhanced supplementary leverage ratio for banks, potentially freeing up more capital for trading in safe Treasury securities. Analyst David Long raised Wells Fargo’s price target to $84, citing the removal of the asset cap as a positive catalyst for growth. Despite past doubts, Wells Fargo may have potential now that the cap has been lifted.



Read more at Yahoo Finance: Why Wells Fargo Stock Zoomed Higher on a Sleepy Wednesday