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Wells Fargo Stock Sees Impact of Weaker Retail Lending

Robert Karr
Wells Fargo Stock Sees Impact of Weaker Retail Lending

Wells Fargo Stock Has Been Weak amid Controversy: Can It Recover? Wells Fargo (WFC) continues to see a contraction in its loan book in recent quarters mainly due to strict underwriting guidelines and repayments from existing clientele. Overall banks (XLF) are facing difficulty in expanding their loan books amid rising interest rates, which has pushed corporates to reduce leverage.