Wells Fargo is having an 'identity crisis,' strategist says
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Wells Fargo (WFC) stock is falling in Wednesday's pre-market trading after reporting its fourth quarter results — alongside Bank of America (BAC) and Citigroup (C) — with the bank's revenue falling short of Wall Street's adjusted earnings and revenue estimates. Yahoo Finance Markets and Data Editor Jared Blikre and Threadneedle Ventures founder Ann Berry discuss Wells Fargo's fourth quarter release, noting how severance expenses dragged down the bank's figures. To watch more expert insights and analysis on the latest market action, check out more Morning Brief.
📄 Summary
Wells Fargo (WFC) stock is falling in Wednesday's pre-market trading after reporting its fourth quarter results — alongside Bank of America (BAC) and Citigroup (C) — with the bank's revenue falling short of Wall Street's adjusted earnings and revenue estimates. Yahoo Finance Markets and Data Editor Jared Blikre and Threadneedle Ventures founder Ann Berry discuss Wells Fargo's fourth quarter release, noting how severance expenses dragged down the bank's figures. To watch more expert insights and analysis on the latest market action, check out more Morning Brief.