
What's Going On With Wells Fargo (WFC) Stock?

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Wells Fargo & Co (WFC) shares rose 2.11% to $74.03 following reports that U.S. regulators may ease capital requirements for major banks. The Federal Reserve, FDIC, and OCC are considering lowering the enhanced supplementary leverage ratio (eSLR), which could free up capital and enhance bank profitability. This change, potentially discussed on June 25, aims to improve liquidity in the U.S. Treasury market and may lead to increased shareholder returns through dividends and stock buybacks. Wells Fargo's 52-week high is $81.50 and low is $50.15.
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