The Federal Reserve lifted its total asset restrictions on Wells Fargo last June, allowing the bank to chase growth.
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Analyst David George downgraded the bank.
The bank paired better-than-expected results with a more optimistic profit outlook.
'Lean into the recovery,' wrote Darrell Cronk, president of the Wells Fargo Investment Institute.
We think that Wednesday's drop in shares of Wells Fargo is more reflective of profit-taking than concerns about the year ahead.
Wells Fargo sees shares of T-Mobile rising 15% from here.
Wells Fargo and Goldman Sachs hit record highs after record highs last year, jumping 36% and 57%, respectively, over a 12-month…
