Still premature to jump onboard Wells Fargo stock: Analyst

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Still premature to jump onboard Wells Fargo stock: Analyst

Gerard Cassidy from RBC Capital Markets says that the asset cap imposed on Wells Fargo is heavily penalizing the stock, giving it a disadvantage against other financials. He notes, however, that more government relief could help lift all banks in the second half of the year.
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Wed, Jul 15 20203:14 AM EDT