Wells Fargo & Company stock drops 2% as CFO talks loan growth — what traders watch next
Wells Fargo shares fell about 2% to $92.69 Tuesday, reversing from a session high of $94.98. CFO Mike Santomassimo told an investor conference the bank expects 2026 loan growth from credit cards and autos as mortgages stabilize. The drop outpaced other major banks as markets awaited U.S. jobs and inflation data due later this week. Wells Fargo reports Q1 results April 14.