Why did Wells Fargo & Company stock rise on 8 October?
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Wells Fargo & Company +2.21%
Wells Fargo rose sharply, helped by its crypto push. Wells Fargo & Company climbed over the last five trading days, outpacing both the broad market and the financial sector, which each also rose. The last session's gain came even as the wider market slipped, and it followed news that the bank is in talks with Payward, the parent of crypto exchange Kraken, to supply liquidity — meaning the cash and coin needed to fill client trades — for digital asset trading, though no deal is final. The next earnings report lands next week, which is the main thing to watch.
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