BRIEF-Wells Fargo increases capital target to 10 pct

Tue May 20, 2014 8:00pm EDT

May 20 (Reuters) - Wells Fargo & Co treasurer Paul Ackerman said at the bank's investor day on Tuesday: * Wells Fargo increased its internal tier 1 common equity target to 10 percent from 9 percent previously * The increase in Wells Fargo's capital target is tied to Fed's CCAR process