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As Wells Fargo Seeks New CEO, Toll on Stock Hits $24 Billion

  • Board hasn’t given update on the hunt since it began in March
  • ‘It’s really hard to own the stock’ without CEO, analyst says
A Wells Fargo & Co. Bank Branch Ahead Of Earnings Figures
Photographer: Daniel Tepper/Bloomberg
Updated on

At Wells Fargo & Co.’s town hall meetings, executives have fielded countless questions from employees about efforts to resolve scandals that erupted almost three years ago.

One looming topic hasn’t come up recently: Who will run the bank?