4 Financial Stock Stories to Close Out a Tumultuous Trading Week

Wells Fargo & Co. (NYSE:WFC): Current price $42.82

The job contraction at Wells Fargo is not over. As was first reported by The Charlotte Observer, the number-one mortgage lender will slash more positions in its home lending┬ádivision as a refinancing slump continues to pound the industry. On Wednesday, Wells gave 60-day layoff notices to 925 employees, bringing the total number of mortgage job eliminations to about 6,200 since July. In a Thursday statement, a company spokeswoman said that, “We are committed to retaining as many team members as possible, working with them to identify other opportunities within Wells Fargo.”