Market Overview

Wells Fargo Sharply Lower After Mixed Q3 Report

Related WFC
Bank Stocks Move Down As Brexit Hangs In The Balance
Markets Sell Off Amid Rising Recession, Yield Curve Concerns; Bank Stocks Hit Hard
Portfolio Update: Stocks Getting Slammed As Dividends Shine Bright (Seeking Alpha)

Wells Fargo & Co (NYSE: WFC) shares are trading lower by $1.65 (2.8 percent) at $53.56 in Friday's session.

Before the open, the company reported a Q3 adjusted EPS of $1.04 vs. $1.03 estimates, along with a sales miss of $480 million. The stock came under immediate selling pressure in pre-market trading that has carried over into the regular session.

After a much lower open, it continued in that direction before finding support at $52.84 and reversed course. That marks its lowest level since it bottomed on Sept. 19 at $52.53.

Wells Fargo rebounded to make a new high for the session at $53.71 and isn't far off that level. In order to fill the void in price and reach the lower-end of Thursday's session, it will need to reach to $55.06.

Posted-In: Technicals Intraday Update Movers Trading Ideas


Related Articles (WFC)

View Comments and Join the Discussion!

The Dow Stock That's In A 'Death Cross'

Applied Optoelectronics Disappoints Investors, Again