Wells Fargo (NYSE:WFC) is planning to test a $3 monthly fee for its debit cards users in five states starting in October. The fee applies when opening a new account, and would be in addition to monthly service fees that the bank already charges. Wells Fargo did not say when it might decide to roll out the fee in other areas. A number of other big banks have started experimenting with additional debit card fees. Wells Fargo (NYSE:WFC) has a potential upside of 43.1% based on a current price of $24.88 and an average consensus analyst price target of $35.6.
From FNNO.com, this is the Financial News Network. I’m Cleo
Stiller-Farrell and this is your Midweek Market Wrap Up. The British
Bankers’ Association, which has the supervisory role of setting the
influential Libor rates, announced that it would be willing to give up