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Why Shares of Wells Fargo Are Sinking Today

TheMotleyFool

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Why Shares of Wells Fargo Are Sinking Today

Shares of Wells Fargo (NYSE: WFC) are trading roughly 5.5% lower as of 10:44 a.m. ET today after the bank reported earnings results for the second quarter of the year earlier this morning.

Wells Fargo reported earnings per share of $1.60 on total revenue of roughly $20.8 billion. EPS beat FactSet estimates easily, while revenue came in slightly higher than estimates.

Image source: Getty Images.

Source Fool.com