S&P upgrades Wells Fargo to A- following risk management overhauls

Investing.com -- S&P Global Ratings has upgraded Wells Fargo & Company's (NYSE:WFC) long-term issuer credit rating to ‘A-’ from ‘BBB+’, citing significant progress in refining its governance, risk culture, and operational oversight. The upgrade highlights the bank's successful trajectory following the June 2025 termination of its seven-year Federal Reserve asset cap, which has cleared the path for balance sheet growth and deeper client engagement.