WFC remains in limbo as Warren Buffett refused to speak out.
Shares still aren’t cheap.
And activists are still pushing for change.
Wells Fargo (NYSE:
Warren Buffett, top WFC shareholder, has said that he thinks the problem is much bigger than Stumpf and that reigns true. CEO John Stumpf has stepped down from WFC, and his other board roles - at Chevron (NYSE:
WFC has been the major big bank outperformer over the last few years, thanks to its stronghold in the home financing market. The 15% fall in the stock for 2016 has been a minor setback and still not...