- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
Wells Fargo & Company (NYSE:WFC): Current price $35.53
The Volcker Rule is expected to be finalized this year. Major banks are already pulling back from private equity investments ahead of the rules. But not Wells Fargo & Company. The bank invests in buyouts and venture capital deals largely on its own, with capital only from Wells Fargo itself and some employees. By avoiding equity from outside investors, the bank is considered to be engaging in “merchant banking,” likely to be exempt under the new rule, according to Reuters.
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.