A little context here is in order. JPM also did the same thing -- and they had more employees fired than WFC.
WFC has some issues--but I am averaging down today. Maximum negative equals best price.
It may take 18 months to see what I predict will be an annual total return of 30% plus. Between the dividends and capital appreciation-- would be a price near $32 plus the accrued dividends by first quarter of 2022.