Here's Why Wells Fargo Stock Is Plunging on Friday
The stock market was having a rough day on Friday, with the Dow Jones Industrial Average and S&P 500 both lower by about 1%. But Wells Fargo (NYSE: WFC) was doing much worse, with shares down by nearly 8% as of 10:30 a.m. EST.
Wells Fargo just reported its fourth-quarter 2020 earnings, and it seems that investors are disappointed with results. While the bank's earnings per share beat expectations, revenue fell short, thanks to worse-than-expected net interest income.
Image source: Wells Fargo.
Source Fool.com
