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How Spending Cuts Have Helped Wells Fargo Stock

Robert Karr
How Spending Cuts Have Helped Wells Fargo Stock

Wells Fargo Stock Has Been Weak amid Controversy: Can It Recover? Wells Fargo’s (WFC) spending remained high in 2017 owing to higher litigation spending in the wake of compliance, mortgage-related, and other malpractice issues. Recently, the bank witnessed another issue of alteration of client records by its employees, which could further escalate litigation spending in the second quarter.