Here's Why Wells Fargo Is Rising on Friday

The stock market was having a generally negative day on Friday, with both the Dow Jones Industrial Average and S&P 500 firmly in negative territory at noon ET. Most bank stocks weren't faring much better, as megabank JPMorgan Chase's lowered guidance put negative pressure on most of the sector.

Wells Fargo (NYSE: WFC) was a big exception. The consumer-focused bank stock was rising, with shares up by more than 3% after being up as much as 5% earlier in the day.

Image source: Wells Fargo.

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Source Fool.com