Wells Fargo Should Be Broken Up, Warren Says. The Stock Is Rising.

Wells Fargo Should Be Broken Up, Warren Says. The Stock Is Rising.
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Wells Fargo should be broken up, Sen. Elizabeth Warren (D., Mass.) wrote in a letter to the Federal Reserve, according to the New York Times. Warren would like to see the Fed split Wells Fargo’s (ticker: WFC) banking business from its more Wall Street-centered businesses. Wells Fargo stock was up 0.5%, at $45.98, following the report, even as the SPDR S&P Bank exchange-traded fund (KBE) dipped 1.5%.

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