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Why Wells Fargo Stock Underperformed the Banking Industry YTD

Andrew Brunton
Why Wells Fargo Stock Underperformed the Banking Industry YTD

Wells Fargo (WFC) stock has underperformed the banking industry YTD (year-to-date). WFC stock has lost 3.3% of its value YTD, underperforming the 1.2% gain of the Financial Select Sector SPDR ETF (XLF). XLF tracks an index of S&P 500 financial stocks.