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Wells Fargo Shares Gain on Termination of 2015 OCC Agreements
OCCOptical Cable (OCC) ZACKS·2025-05-31 00:46

Shares of Wells Fargo & Company (WFC) rose 1.1% following the company's announcement of termination of 2015 agreements by the Office of the Comptroller of the Currency (OCC) related to the previously held financial subsidiaries, leaving it with one more major hurdle to clear.The termination of the 2015 agreement marks the 13th consent order resolved by Wells Fargo since 2019 and the seventh since the beginning of 2025. The termination of these agreements signifies a step forward in resolving regulatory issu ...