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Pro Analysis

Wells Fargo hits low after Sen. Warren's rant

Shares of Wells Fargo fell to their lows of the day during Sen. Elizabeth Warren's strong questioning of CEO John Stumpf during a Senate Banking Committee hearing Tuesday on Capitol Hill.

While the senators were united in their disdain for Stumpf, Warren, D-Mass., probably went the furthest, saying the CEO gave "gutless leadership" during this scandal, calling for him to resign and suggesting the Justice Department open a criminal investigation.

Here's the chart. Warren began speaking at 11:26 a.m. EDT.


Source: FactSet

Note that as of publication, Wells Fargo shares were still higher on the day as many on Wall Street have said they will put this scandal behind them.