SAN FRANCISCO- Wells Fargo roared higher and was the second best performer of the major U.S. banks only behind Citigroup . Wells Fargo was upgraded by The Markets Are Open on Friday after the stock sold off by nearly 5%. The company will report its Q3 results on October 20th. Investors will be looking for strong results from the bank as well as more clarification regarding the foreclosure scandal. The foreclosure scandal has been sweeping the nation as it has been determined that workers of bank companies foreclosed on homes without properly reviewing necessary documents. Analysts argue that the banks are open to a liability for this lack of due diligence.
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