10:13 AM EDT, 06/04/2025 (MT Newswires) -- Wells Fargo ( WFC ) is expected to see earnings per share grow by nearly 20% annually from 2026 to 2028, Deutsche Bank said in a note Wednesday.

The Federal Reserve has officially lifted the asset cap on the bank, a restriction that had been in place since 2018, the investment firm said.

While the market had widely anticipated the move, analysts see it as a clear positive for the stock, according to the note.

The removal of the cap, alongside major investments across core business areas, is expected to support strong earnings growth, Deutsche Bank analysts noted.

Deutsche Bank had a buy rating for Wells Fargo ( WFC ) with a $90 price target.

Shares of the company were up about 1% in recent trading.

Price: 77.11, Change: +1.46, Percent Change: +1.93