Wells Fargo WFC -2.42%& Co. Share price fell last week as the market expanded, but has risen 12% annually. Wells Fargo closed at $ 53.67 on Friday. Wells Fargo, unlike many of its peers, is also cutting costs. An analyst at Wells Fargo said in a research note downgrading JP Morgan JPM, “This problem is certain to us. So far in 2022, the KBW Nasdaq Bank index has risen 0.1%, far superior to the declining broader market.

Source: Wall Street Journal January 23, 2022 03:21 UTC