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Hot Wells Fargo Stock Belies Bank’s Doubts on Ending Fed Cap

  • Stock is up 37% since October low as some see cap ending soon
  • But bank and Fed officials privately expect it’ll take longer
Updated on

Wells Fargo & Co.’s stock has soared 37% since an October low amid newfound love from analysts and investors, with some speculating the Federal Reserve may soon lift a cap on the bank’s growth.

But the regulator and the company itself aren’t nearly as optimistic.