Wells Fargo shares rose 2.4% Friday. The agreement comes just seven months after the Biden Administration lifted a consent order on the bank that had been in place since 2016 following a series of scandals, including the opening of fake customer a...
"This is very surprising given that Wells Fargo had resolved a consent order for anti-money laundering quite recently, in January 2021, after many years of work and expense," Vivek Juneja, an analyst at JPMorgan Securities, wrote in a note. The order says...