This Will Be a Major Test for Wells Fargo's CEO
The new CEO of Wells Fargo (NYSE: WFC) will face a major test next month that his predecessor struggled to pass last year. On Thursday, the Senate Banking Committee announced that Tim Sloan will testify before the panel on Oct. 3 in a session titled "Wells Fargo: One Year Later."
While there weren't any details released about what the hearing would cover, the title implies that the session will focus on the multiple scandals that Wells Fargo has struggled through since it was revealed last September that thousands of the bank's employees had opened millions of accounts for customers without their permission or knowledge.
Wells Fargo CEO Tim Sloan. Image source: Wells Fargo.
Source: Fool.com
Wells Fargo & Co. Stock
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With a target price of 60 € there is a slightly positive potential of 8.21% for Wells Fargo & Co. compared to the current price of 55.45 €.
