Wells Fargo is trading higher today, showing a recovery after the stock declined 1.75% to $88.71 during the previous session. While the company recently announced that commercial banking head John Manning will retire at the end of the year, this leadership transition follows a period where the stock underperformed the broader market. The current move appears to be driven by a broader sector trend, as Wells Fargo is outperforming several major peers like JPMorgan Chase and Bank of America, while tracking closely with the 2.1% gain seen in Citigroup.