How Much Will Wells Fargo's Legal Problems Cost to Resolve?
Over the past year, Wells Fargo (NYSE: WFC) has found itself in an unenviable position. After making it through the financial crisis largely unscathed, it has since run into a number of problems directly related to its sales culture. These problems aren't cheap to resolve, as they've served as a catalyst for legal and regulatory actions.
This begs an important question for current and prospective investors in Wells Fargo: Just how much are legal problems likely to cost the bank? Will those costs be material? Or given Wells Fargo's otherwise resplendent bottom line, will any legal settlements and costs that it incurs be insignificant?
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Source: Fool.com
Wells Fargo & Co. Stock
€50.22
0.990%
We see a rather positive sentiment for Wells Fargo & Co. with 18 Buy predictions and 2 Sell predictions.
As a result the target price of 60 € shows a slightly positive potential of 19.47% compared to the current price of 50.22 € for Wells Fargo & Co..
