Banking giant Wells Fargo (WFC) reported downbeat results both on earnings and revenue front amid the pressure from the federal regulators. Revenue dropped 3% to $21.6 billion compared to the year-ago quarter. Profit fell 11% to $5.2 billion and on a per share basis earnings dropped 10% to $0.98. Average loans and average deposits declined … Continue reading Wells Fargo slides after missing Q2 earnings