Wells Fargo Is A Compliance-Constrained Compounder Now Set Free

  • Wells Fargo is no longer a penalty-box bank, and credit is stable, capital is strong, and the asset cap is finally lifted, unlocking growth potential. The bank delivers solid earnings, aggressive buybacks, and improving efficiency, yet trades at a discount to peers, creating a compelling value opportunity. Shareholder returns are robust, with a sustainable 8%+ yield through dividends and buybacks, supported by excess capital and liquidity.