Why Wells Fargo Stock Underperformed the Banking Industry YTD
Wells Fargo (WFC) stock has underperformed the banking industry YTD (year-to-date). WFC stock has lost 3.3% of its value YTD, underperforming the 1.2% gain of the Financial Select Sector SPDR ETF (XLF). XLF tracks an index of S&P 500 financial stocks.