Wells Fargo’S Discounted Stocks Justifiably Replicate Uncertainties

“Hopefully [with] today’s disclosure … this should help to bring some closure to this facet of Wells Fargo’s scandal.
“Wells Fargo declined to comment for this story.
“Wells Fargo investors have to wrestle with what’s been a slowing top line revenue growth trend,” he said.
However, the Sandler O’Neill analyst said Wells Fargo is still facing other fundamental issues such as weaker sales growth and potential problems in various business segments.
Sandler O’Neill + Partners says Wells Fargo’s announcement on Thursday that it found 1.4 million more potentially unauthorized account openings than previously thought isn’t as bad as it seems because the bank reviewed a longer time period.

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