On June 3, the Federal Reserve determined that Wells Fargo had met all the conditions required to lift the asset cap, the bank's biggest penalty stemming from the 2016 scandal.

Wells Fargo also lifted its earnings-per-share forecast for the S&P 500 index to $265 from $260. It raised its index target for 2026 to a range of 6900-7100 from 6400-6600.

During Wells Fargo ’s first earnings call since its $2 trillion asset cap was lifted, bank officials provided more details Tuesday about how they will grow and also improve company culture.

Wells Fargo & Co. crossed the $1.95 trillion asset mark, with total assets at $1.98 trillion at the end of the second quarter, after the Federal Reserve lifted its asset cap.

Wells Fargo WFC 1.07% said its profit rose in the second quarter, in which a years-long restriction on growth at the bank was lifted by the Federal Reserve. Net income was up 12% at $5.49 billion ...

Wells Fargo said its profit rose in the second quarter, in which a years-long restriction on growth at the bank was lifted by the Federal Reserve. Net income was up 12% at $5.49 billion.

Wells Fargo said its profit rose in the second quarter but dimmed its outlook for the year. Net income was up 12% at $5.49 billion. That amounted to $1.60 a share, above analyst estimates of $1.41 ...