Wells Fargo is unshackled. That’s according to Jim Cramer and Wall Street analysts, who are both forecasting more upside for the Club stock following the Federal Reserve’s removal of the bank’s $1.95 trillion asset cap Tuesday evening. The seven-year lid on Wells’ balance sheet growth was precipitated by the bank’s past misdeeds, such as its notorious fake accounts scandal in the 2010s. Bank of America and Morgan Stanley are among the Wall Street shops that became more optimistic on Wells Fargo shares in response to the long-awaited development. Bank of America went to $90 a share from $83, while Morgan Stanley went to $87 from $77. Piper Sandler and Evercore ISI also upped their price targets. The Club is doing the same, hiking ours…
Jun 06 2025
