On July 12th, the US stock market of Wells Fargo experienced a pre-market plunge, dropping over 7% at one point and now dropping over 4%. The company's revenue for the second quarter was 20.689 billion US dollars, compared to 20.533 billion US dollars in the same period last year; Net profit was 4.91 billion US dollars, compared to 4.938 billion US dollars in the same period last year. According to the financial report, Wells Fargo repurchased over $12 billion worth of stocks in the first half of the year.