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Wells Fargo Could Confirm Turnaround on Earning Beat

Wells Fargo & Company ( WFC) was reported to be the third largest of the four "too big to fail" money center banks in the first quarter. This was a decline from number two, while Bank of America Corporation ( BAC) moved from third to second. The stock closed Wednesday, July 11, at $56.07, down 7.6% year to date and in correction territory at 15.4% below its 2018 high of $66.31 set on Jan. 29.