Why Wells Fargo Stock Plunged 52% in the First Half of 2020
Shares of Wells Fargo (NYSE: WFC) tumbled in the first half of the year as the national bank struggled in the face of the coronavirus pandemic, which compounded problems it was already facing from its legacy scandals. According to data from S&P Global Market Intelligence, the stock fell 52% over the first half of the year.
As the chart below shows, shares fell sharply in March as the pandemic hit, but the stock has stayed down since then, while the broad market has recovered.
Source Fool.com
