Nasdaq Gains Over 100 Points; Wells Fargo Earnings Top Views - Kairos Pharma (AMEX:KAPA), BloomZ (NASDAQ:BLMZ)

TD Cowen reinstated a Buy rating on Wells Fargo (WFC) with a $95.00 price target, citing growth potential. WFC is trading at a 4.0% discount to its GF Value™ of $83.25, with a GF Score™ of 84/100. 28 gurus hold WFC, with 14 adding shares recently. The bank has a market cap of $241.57B and ranks as the fourth-largest in the U.S.

Wells Fargo is under federal investigation by the Department of Housing and Urban Development for potential violations of fair-lending laws related to programs aimed at increasing Black homeownership. The probe is examining whether the bank discriminated based on race, according to the Wall Street Journal. Wells Fargo has not commented on the matter.

HUD is investigating Wells Fargo for potential Fair Housing Act violations related to race-based mortgage lending. The probe focuses on Wells Fargo's marketing and lending programs aimed at boosting Black homeownership. Wells Fargo held $280 billion in residential mortgage-backed securities as of Q2 2026, according to Ginnie Mae.

HUD is investigating Wells Fargo's mortgage lending practices under the Fair Housing Act. The probe follows the bank's commitments to lend $60 billion to Black homeowners and allocate $210 million for racial equity in homeownership. HUD questions whether Wells Fargo's policies may discriminate based on race. Wells Fargo is the 15th-largest mortgage lender in the U.S., with $15.3 billion in volume in the first half of 2023.

Wells Fargo shares fell 2% after reports of a federal probe into its minority homeownership programs, which may have violated fair lending laws. The investigation follows a 2017 commitment to $60B in loans for Black homeowners. Analysts rate WFC stock a Moderate Buy with a $98.90 average price target, implying 23% upside.

HUD is investigating Wells Fargo's efforts to boost Black homeownership for potential violations of fair housing laws. The bank has faced past criticism and legal action over discrimination allegations. Wells Fargo has made significant lending commitments to minority groups and settled a $175 million discrimination case in 2012.