Wells Fargo operates with capital meaningfully above regulatory minimums, enabling a $40 billion buyback authorization and consistent preferred dividends even while maintaining required buffers—demonstrating capacity to return capital to shareholders without impairing safety margins
the thesis · admitted · the reason above is the thesis, not printed twice
no findingread · nothing bore on it
It held on this filing. No finding was written because nothing in it bore on the reason — the sentences it was read against are below.
the evidence · every sentence checkedthree sentences · whole, uncut
the claims it rests on · in our words, not the filing’s