05:48 AM EDT, 06/04/2025 (MT Newswires) -- (Updates with stock price movement in the headline and the first paragraph.)

Wells Fargo ( WFC ) shares were up 3.8% in recent premarket activity Wednesday after the lender said Tuesday that the Federal Reserve System has lifted the restrictions on growth in its total assets, which were imposed in a 2018 consent order.

The conditions to remove the cap included wide-ranging requirements to support board effectiveness, improvements in the company's firm-wide compliance and operational risk programs, and a third-party independent review of the work completed by the company.

The Federal Reserve's board has determined that the bank has met all conditions required to remove the limits, the bank said.