WELLS FARGO BANK REPORTED ITS FIRST QUARTERLY LOSS THIS YEAR

Highlights –

• Wells Fargo bank reported its first quarterly loss this year.
• The bank reported a loss of over $2.4 billion in the second quarter.
• The shares of the bank fell by 4.1% in premarket trading.
• A year ago, the bank posted $6.2 billion in second-quarter profit.

San-Francisco based Wells Fargo Bank reported its first quarterly loss since the fina....