Wells Fargo will consider about 1,535 eligible homeowners in the state for loan modifications as part of the agreement, and will also provide Connecticut with $741,465 to support the state's foreclosure efforts.
Wells Fargo (NYSE:WFC) has a potential upside of 44.3% based on a current price of $24.68 and an average consensus analyst price target of $35.6.
The Wall Street Journal reported that Wells Fargo (NYSE:WFC) has formed an agreement with Connecticut over the alleged deceptive marketing of mortgage products by Wachovia and Golden West Financial.
