U.S. Markets closed

Wells Fargo Stock May Fall 7% Amid Tepid Growth

Michael Kramer

Wells Fargo & Co. ( WFC) is due to report results on Friday, and the outlook for the bank looks miserable. Options traders are overwhelmingly bearish on the stock as well and see shares falling by about 5.5% by the middle of September. Should the stock fall, as the pattern indicates, the price could drop to technical support at $52.60, before attempting to stabilize.