New Fed rules hurt Wells Fargo

Voltron says: The Fed has decided that banks cannot use made up estimates of
future earnings that they pull out of their rear ends to satisfy new capital
reserve requirements. According to Tom Brown from bankstocks.com, this will
dilute Wells Fargo by 4%, or around $1 a share.

http://seekingalpha.com/article/140211-fed-finds-a-way-to-use-stress-tests-t
o-screw-bank-shareholders-one-more-time