Wells Fargo shares at attractive entry point amid execution concerns

Wells Fargo & Co (NYSE:WFC, XETRA:NWT)'s recent share price underperformance may have created an attractive entry point for investors, according to Bank of America, which argued that the bank's valuation has fallen more sharply than its underlying fundamentals would suggest. The firm noted that Wells Fargo shares are down about 15% year-to-date, compared with a roughly 4% gain for its peer group.