On Friday Feb 2 2018, the Federal Reserve in an unprecedented step, halted further growth an Wells Fargo for “systemic compliance problems” which the Federal Reserve indicated led to consumer abuses.
I have traded in the bank for more than a decade. After hours on Friday Wells Fargo Stock (WFC) fell 6% to $60.05. The bank has indicated their will work with the Fed to meet compliance requirements. They estimated the Fed order will cost the bank $400 million.
This article views the outlook for Wells Fargo Stock (WFC) including existing trades currently held. As well I look for future trades that will be entered possibly as early as Monday Feb 5.
This Wells Fargo Stock strategy article is for FullyInformed Members.
Wells Fargo Stock (WFC) Outlook After Fed Reserve Order – Feb 3 2018
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. You always trade at your own risk. The author assumes no liability for your investment decisions. Read the full disclaimer.
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