Wells Fargo stock slides 5% after earnings miss and light 2026 interest-income outlook
Wells Fargo shares fell 5.1% to $88.81 after missing quarterly profit estimates and warning of weaker 2026 net interest income. The bank reported a $612 million severance charge and cut over 5,600 jobs in the fourth quarter. A proposed cap on credit-card rates and sector-wide declines hit other big banks.