Preferred Dividends and Regulatory Reset Could Change Wells Fargo’s Investment Case
Wells Fargo’s latest preferred dividend declarations are routine, but the bank is also regaining operating flexibility after the Federal Reserve lifted its asset cap and Wells Fargo closed its final consent order. The balance supports capital returns while repositioning for broader growth opportunities, though investors still face residual regulatory and legal risk. Fair value estimates range from $98.34 to $118.07, with forecasts of $94.8B revenue and $24.0B earnings by 2029.