Wells Fargo (WFC) Dips More Than Broader Market: What You Should Know

Wells Fargo stock declined 1.75% to $88.71, underperforming the S&P 500's 0.48% loss. The company has a Zacks Rank #3 (Hold) with projected Q3 EPS of $1.84 (up 6.36% YoY) and full-year earnings of $7.25 per share (up 15.45% YoY). WFC trades at a Forward P/E of 12.46, below its industry average of 14.36, suggesting a valuation discount.