CFPB lawsuit doesn't add much risk to ITT Educational, says Wells Fargo Wells Fargo believes that the risk posed by the CFPB's lawsuit against ITT Educational is exactly the same as the risk posed by the company's off balance sheet loan risk and should have already been incorporated into the stock price. The firm thinks the CFPB may not seek a large financial settlement from ITT Educational, and anticipates that any negative effects on the company's enrollment will be "largely marginal and temporary." The firm keeps an Outperform rating on the stock.
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