Fed will limit Q3 dividend to avg of the L4Q net income forcing $WFC to cut their divvy

What happens in Q4 if rules stay the same? Based off consensus divvy would be limited to 28c. Maybe we see a cut to 25c/Q for the rest of year? Yield would still be &gt;= $JPM $GS $BAC $C $MS https://t.co/imqBf5sQ3U