What's Going On With Wells Fargo Stock Today?

Wells Fargo & Co WFC shares got a slight bump in early trading Monday. The company announced the termination of a 2018 consent order from the Consumer Financial Protection Bureau (CFPB).

What Happened: Wells Fargo on Monday confirmed that the CFPB’s consent order related to the company’s risk management program has been terminated, representing the twelfth consent order closed by Wells Fargo regulators since 2019.

“Today’s termination, along with the recent closure of other consent orders, demonstrates that we have completed much of our common risk and control infrastructure work, including work that is required by other orders,” said Charlie Scharf, CEO of Wells Fargo.

“I am proud of the work done by our teams and remain confident that we will complete the work needed to close our other open consent orders. Wells Fargo is a different and stronger company today as we focus on creating long-term value for our customers, clients, communities and shareholders.”

See Also: 5 Stocks In The Spotlight Last Week: Wall Street’s Most Accurate Analysts Weigh In

How To Buy WFC Stock

By now you're likely curious about how to participate in the market for Wells Fargo – be it to purchase shares, or even attempt to bet against the company.

Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy “fractional shares,” which allows you to own portions of stock without buying an entire share.

In the case of Wells Fargo, which is trading at $69.73 as of publishing time, $100 would buy you 1.43 shares of stock.

If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to “go short” a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.

WFC Price Action: Wells Fargo shares were up 0.32% at $69.95 at the time of publication Monday, according to Benzinga Pro.

Photo: Bumble Dee/Shutterstock.