Wells Fargo Stock and ‘The New Normal’ AsInvestorPlace’sDana Blankenhorn wrote July 15, the biggest problem for Wells Fargo and its peers is thatno one needs bankingright now. In other words, with the U.S. government pumping trillions to shore up the floundering economy, t...
It remains to be seen whether Scharf can help salvage the bank’s reputation. Yet, with bank stocks heading lower, it’s more uncertain whether shares will rebound in the near term. So, let’s dive in, and see why it’s probably best to stay on the sidelines with Wells Fargo stock. ...