Wells Fargo shares surged 43.6% in 2024, driven by the Federal Reserve’s relaxed monetary policy and expectations of a more lenient regulatory climate following Donald Trump’s election. Although the stock experienced a 9.5% decline from its peak of over $78 in late November, analysts maintain a “Hold-equivalent” rating with an $80 price target. Anticipation surrounds the potential removal of the bank’s $1.95 trillion asset cap, expected to boost its growth capacity. Jim Cramer highlights 2025 as a promising year for Wells Fargo, emphasizing the significance of regulatory progress and CEO Charlie Scharf’s leadership.
