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Fly News Breaks for February 24, 2020
Feb 24, 2020 | 06:09 EDT
Wells Fargo's settlement with the Justice Department and Securities and Exchange Commission is a "good thing, but there is still much work to be done," Piper Sandler analyst Scott Siefers tells investors in a research note. The most high profile item left to resolve is the asset cap, but there are about a dozen public enforcement actions that still require significant resource commitment, Siefers contends. The analyst keeps a Neutral rating on Wells Fargo shares with a $52 price target.
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