Wells Fargo & Company (NYSE:WFC) reported a top and bottom-line miss in recent earnings. Sales were up 4.5% year-over-year, earnings grew by 13%, but still fell short. Efficiency ratio improved from 68% to 64%, but analysts expected better due to CEO’s cost-cutting efforts. Despite layoffs, business is performing well.

Wells Fargo & Company (NYSE:WFC) offers a range of financial services like banking, lending, investment, and wealth management solutions.

Read more at Yahoo Finance: “When You Drill Down, the Business Is Doing Pretty Well”