Is Wells Fargo (WFC) Worth a Bet Post Q2 Earnings Beat?

Wells Fargo & Company (WFC) stock dropped 1.7% since the release of its second-quarter 2024 results on Jul 12, 2024. The lower net interest income (NII) outlook for 2024 led to a decline in its stock price. Before the release of its quarterly numbers, the stock performed exceedingly well. It was among the top three banks that outperformed the S&P 500 Index in the first half of 2024, gaining 22.2%. Bank of America (BAC) and Citigroup, Inc. (C) also outperformed the S&P 500 Index in the said time frame.Image ...