The Latest Breaking News from Wells Fargo

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Wells Fargo Co (NYSE:WFC) shares are trading lower on Friday, caught in a wider market downturn spurred by a surprisingly weak August jobs report that has stoked fears of an economic slowdown. The major indices retreated from recent record highs as investors digested the unsettling labor market data.

Despite Wells Fargo's underperformance relative to its industry peers over the past year, Wall Street analysts maintain a moderately optimistic outlook on the stock’s prospects.

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Editor’s Note: The future prices of benchmark tracking ETFs, and the lede were updated in the story.

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