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Wells Fargo shares slide after strong second-quarter earnings
CNBC argues the selloff did not match the strength of the bank’s largely strong second-quarter results.
CNBC said the sharp, immediate drop in Wells Fargo shares after the bank’s largely strong second-quarter earnings did not make sense.
The outlet pointed to the disconnect between the “knee-jerk” selling reaction and the underlying strength of the results in its discussion of what it liked about the earnings report.
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