RBC Capital Markets upgraded Wells Fargo (NYSE:WFC) shares to Outperform from Sector Perform on Thursday on the view that the stock's recent decline gives investors an attractive entry point. WFC slid 13% from a month earlier,

Wells Fargo shares fell 3.6% Tuesday afternoon. Investor anxiety over U.S. tariffs on Mexico and Canada rattled financial markets.

Shares of Wells Fargo & Co. WFC rallied 2.45% to $68.93 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index SPX rising 0.49% to 5,599.30 and the Dow Jones Industrial Average DJIA falling 0.20% to 41,350.93. This was the stock's second consecutive day of gains.

Wells Fargo stock faces a 17% drop as tariffs, M&A declines, and recession fears impact the sector. Find out how these factors reshape WFC's valuations.