June 22, 2024

KT Business

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Wells Fargo hiring spree to boost investment banking improves our stock outlook

6 min read

A woman walks past Wells Fargo bank in New York City, U.S., March 17, 2020.

Jeenah Moon | Reuters

Wells Fargo is breaking out of its lending roots. The bank has quietly gone on a hiring spree to grab a bigger slice of the profitable investment banking business long dominated by its Wall Street rivals.

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