What Happens After Wells Fargo Cuts Dividend In Half
Chris LauDIY Value InvestingReceive quick and valuable DIY tips on maximizing risk-adjusted returns(20,512 followers)Summary
Markets priced in a dividend cut for Wells Fargo.
Prospects depend on economic rebound.
Potential rally in Wells Fargo is building.
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When the Federal Reserve Board released the results of stress tests for 2020, it put yet another constraint on Wells Fargo (WFC). To keep U.S. banks strong “even in the harshest shocks,” said Vice Chair Randal K. Quarles, Wells Fargo will have to cut its current quarterly divide