Wells Fargo & Co. continued to pad its lead in the race to win First Interstate Bancorp after a series of meetings in New York City with investors and analysts.

Wells Fargo stock, up by as much as $2.25 in early trading, closed 12.5 cents lower, to $218.375 on Thursday, dragged down by heavy profit taking in the bank sector.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.