Taking Stock: Apart from the muted performance on Wednesday, Wells Fargo shares have climbed 7.3% in 2025, outperforming the 4.3% gain by the S&P 500 Banks Index.

The Fed lifts Wells Fargo’s asset cap, allowing the San Francisco-based banking giant to expand loans, deposits, and regain its competitive edge in the market.

Federal regulators have lifted Wells Fargo’s $1.95 trillion asset cap, its biggest penalty since the 2016 fake accounts scandal, allowing growth again.

For Wells Fargo, nearly a decade’s worth of scandals, federal regulatory action and a $1.95 trillion asset cap limiting the bank’s growth had its roots in 2016. That’s the year that the bank ...

That means a heap of profit that Wells Fargo has missed. Had Scharf’s bank grown as fast as Bank of America’s, its balance sheet today would be over $900bn bigger.

Fernando Rivas, co-chief executive of its Corporate and Investment Banking unit, was listed for the first time. He was paid $1.14 million in base salary, a $5.34 million signing bonus, incentive ...

Fernando Rivas, joined Wells Fargo & Company last year with nearly 30 years of industry experience is now the sole CEO of a corporate and investment banking.

Wells Fargo reported its first-quarter 2025 earnings, showcasing a stronger-than-expected performance with earnings per share (EPS) of $1.39, surpassing the forecasted $1.23.