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Wells Fargo’s stock pulls a sharp U-turn after warning of a surprise net interest income decline

Tomi Kilgore
Wells Fargo’s stock pulls a sharp U-turn after warning of a surprise net interest income decline

Shares of Wells Fargo & Co. took reversed course in morning trade Friday, swinging to a sharp loss from a healthy gain, after the bank lowered its outlook for net interest income, citing an unfavorable rate environment and an increasingly competitive marketplace.