Wells Fargo did some wanted work within the second quarter. The bank’s turnaround nonetheless has a approach to go. Coming into earnings season, Wells had a comparatively smaller allowance for loan losses than its friends by some measures. Earlier than its second-quarter report, Wells’s allowances had represented a few quarter of losses projected by the Federal Reserve in its extreme 2020 stress-test situation, based on analysts at Wolfe Analysis. That in contrast with a mean of greater than a 3rd throughout 16 giant banks, Wolfe famous….