NEW YORK ( TheStreet ) -- Investors cheered Wells Fargo's ( WFC ) stock offering to repay bailout funds, sending its stock higher on Tuesday morning while the rest of the market was down. In recent trading, Wells Fargo's stock was up 3.1% at $26.29, while the Dow Jones Industrial Average and S&P 500 Index were down marginally. Wells Fargo said Tuesday morning that it had priced 426 million shares at $25 apiece, raising $10.65 billion. The bank will use those funds, along with internal capital, employee compensation through new stock issuance, and asset sales to repay $25 billion it received from the Troubled Asset Relief Program. Wells is the last major bank to repay TARP. Its move comes immediately after Citigroup's ( C ) agreement to raise $20 billion to repay its slice of TARP and Bank of America's ( BAC ) completion of a $19.29 billion capital raise to repay $45 billion in bailout funds.