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Wells Fargo Stock Declines While Market Improves: Some Information for Investors

Wells Fargo (NYSE: WFC) closed at $57.01 in the latest trading session, marking a -0.33% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.16%. Meanwhile, the Dow gained 0.04%, and the Nasdaq, a tech-heavy index, added 0.49%. Shares of the biggest U.S. mortgage lender witnessed a loss of 3.83% over the previous month, trailing the performance of the Finance sector with its loss of 0.22% and the S&P 500's gain of 3.22%. The investment community will be closely monitoring the performance of Wells Fargo in its forthcoming earnings report. The company is scheduled to release its earnings on July 12, 2024. It is anticipated that the company will report an EPS of $1.27, marking a 1.6% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $20.26 ...