Wells Fargo says it expects to cut dividend in the third quarter to comply with Fed stress test
People walk by a Wells Fargo bank branch on October 13, 2017 in New York City.
Spencer Platt | Getty Images
Wells Fargo warned on Monday that it will likely cut its dividend after the Federal Reserve announced it would cap dividends for banks based on earnings.
Wall Street analysts pointed to Wells Fargo as a likely candidateto cut its dividend following the announcement by the central…
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