Wells Fargo & Co. (NYSE:WFC) CEO John Stumpf won't be left out of the
TARP repaying news.
He told
Bloomberg the bank plans to repay funds "in the near future without raising equity."
Meanwhile, the Street says there were rumors earlier of a possible secondary offering.
Jennifer Thompson, an analyst at Portales Partners LLC in New York, told
Bloomberg that the bank could use a few more quarters to build up its capital.
Robert W. Baird & Co. told
Barron's that Wells Fargo could offer more clarity on paying
back TARP in November.
- Maria Woehr
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