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Shares of Wells Fargo & Co. (WFC) shed 1.98% to $55.57 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.97% to 4,532.76 and Dow Jones Industrial Average falling 0.96% to 35,028.65. This was the stock's second consecutive day of losses. Wells Fargo & Co. closed $3.30 below its 52-week high ($58.87), which the company achieved on January 14th.
The stock underperformed when compared to some of its competitors Wednesday, as JPMorgan Chase & Co. (JPM) fell 1.55% to $148.93, Bank of America Corp. (BAC) rose 0.39% to $46.44, and Citigroup Inc. (C) fell 1.62% to $64.24. Trading volume (35.0 M) eclipsed its 50-day average volume of 26.2 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 19, 2022.
(END) Dow Jones Newswires
January 19, 2022 17:31 ET (22:31 GMT)
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