Wells Fargo annual meeting about to start; board to be re-elected, says WSJ

|About: Wells Fargo & Co. (WFC)|By:, SA News Editor

The annual meeting officially begins at 10 ET. Live webcast here.

The votes are still coming in, but the WSJ says the board is likely to be re-elected in a close vote, with support for some members likely to be uncomfortably low.

In other news, Guggenheim this morning upgraded Wells Fargo (WFC +1.6%) to Neutral. Analyst Eric Wasserstrom remains cautious, citing the risk of a qualitative failure in this year's CCAR.