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Is Wells Fargo & Company a Buy?

TheMotleyFool

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Is Wells Fargo & Company a Buy?Photo, wide shot, wide-angle lens, Bank, sunset photo at golden hour, photo by Art Wolfe: https://img.theapi.app/temp/3aa597ca-f944-4a9b-bf8d-3071f3b5a5c9.png

Thanks to its ongoing fake-accounts scandal, which we recently discovered was worse than initially reported, Wells Fargo (NYSE: WFC) has been among the worst performers in the banking industry. In fact, over the past year, the financial sector has been one of the hottest areas of the market, up by more than 22%, while Wells Fargo has fallen by 0.4%.

Here's a rundown of Wells Fargo's problems, it's recent business results, and whether it could be a smart long-term investment now.