1 Big Risk to Wells Fargo Stock in 2021
Wells Fargo (NYSE: WFC) could be one of the biggest winners of the banking sector in the post-pandemic world. The company's near-exclusive focus on commercial banking could help it rebound sharply, especially if interest rates rise. Management is finally prioritizing expense reduction and efficiency. And there's a good chance the Federal Reserve will lift its growth-restricting penalty in the near future.
However, that doesn't mean 2021 will necessarily be a great year for Wells Fargo. As Fool.com contributor Matt Frankel, CFP, and Industry Focus host Jason Moser point out in this Jan. 4 Fool Live video clip, there's a big element of uncertainty hanging over the bank.
Source Fool.com
