The Sniff Test: Wells Fargo spent $7.3 billion to help buy an earnings beat

The Sniff Test: Wells Fargo spent $7.3 billion to help buy an earnings beat — was it worth it?

The $7.3 billion Wells Fargo spent on share repurchases during the fourth quarter failed to prop up its stock price, but it effectively helped the bank one-up its blue-chip rival JPMorgan Chase & Co. with an earnings beat. Was it worth it?

from MarketWatch.com - Financial Services Industry News https://on.mktw.net/2HqJmsz
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