Wells Fargo’s New Leader Leaves Analysts Unsatisfied in Debut

Tim Sloan had a rocky Wall Street debut as Wells Fargo & Co.’s chief executive officer, announcing a drop in profit and frustrating analysts hungry for information on the consumer banking scandal that prompted his appointment.

The scene on Friday, as the San Francisco-based bank posted third-quarter results, left the company’s stock among the worst performers in the KBW Bank Index of 24 big U.S. firms. It was another sign investors may share concerns expressed in recent weeks by lawmakers, who’ve questioned how employees could open legions of accounts without customers’ permission over half a decade and whether managers are being held accountable.