Prediction: Trump's Victory Should Pave the Way for Wells Fargo to Shed Its Asset Cap, Which Has Cost the Bank Billions in Profits
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The article predicts that a victory for Trump could lead to Wells Fargo shedding its asset cap, which has significantly impacted the bank's profits.
November 15, 2024 | 10:00 am
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A potential Trump victory is predicted to help Wells Fargo remove its asset cap, which has been limiting the bank's profitability.
The article suggests that a Trump victory could lead to regulatory changes benefiting Wells Fargo by removing its asset cap. This cap has been a significant constraint on the bank's profitability, so its removal would likely have a positive impact on WFC's stock price.
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