Wells Fargo downgraded to Hold at Jefferies of lower core earnings power (NYSE:WFC)

Wells Fargo Agrees To Pay $3.7 Billion, Largest CFPB Banking Fine To Date

Michael M. Santiago/Getty Images News

Jefferies analyst Ken Usdin downgraded Wells Fargo (NYSE:WFC) to Hold from Buy on Tuesday as constructive developments on regulatory and working value fronts have been offset by lower core earnings power, he mentioned in a

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