Why Wells Fargo Stock Wilted on Wednesday

A popular payment system offered by Wells Fargo (NYSE: WFC) came under some legal fire on Wednesday, and more than a few investors scuttled out of the bank. This left the lender's stock with a 2% loss on the day, during an otherwise generally upbeat session in which the S&P 500 index bumped 0.3% higher. That flame was lit by New York Attorney General Letitia James, who has brought a lawsuit against the popular Zelle payment service. The suit accuses Zelle of falling short in efforts to protect its many users from fraud. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool