Wells Fargo (WFC -0.5%) ticks lower after Stifel downgrades shares to Hold and removes them from...

|About: Wells Fargo & Co. (WFC)|By:, SA News Editor

Wells Fargo (WFC -0.5%) ticks lower after Stifel downgrades shares to Hold and removes them from its Select List. The firm sees a lower net interest margin (no doubt affected by the Fed's recent moves) more than offsetting the strong performance of Wells' mortgage banking business. Wells' CFO warned about net interest margin compression last week.