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Why Wells Fargo's Stock Is Trading Lower Today

Wells Fargo (NYSE: WFC) shares are trading lower on Wednesday, after Compass Point maintained a Neutral on the stock and lowered its price target from $33 to $25.

Benzinga · 05/13/2020 14:59

Wells Fargo (NYSE: WFC) shares are trading lower on Wednesday, after Compass Point maintained a Neutral on the stock and lowered its price target from $33 to $25.

Wells Fargo is one of the largest banks in the U.S., with approximately $1.9 trillion in balance sheet assets. The company is split into three segments for reporting purposes: community banking; wholesale banking; and wealth and investment management.

Wells Fargo shares were trading down 3.33% at $23.24 on Wednesday. The stock has a 52-week high of $54.75 and a 52-week low of $23.

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