Bloomberg Wells Fargo & Co. missed analysts’ profit estimates as severance costs drove up expenses. Shares of the company fell by the most in six months. The bank spent $612 million on severance as part of a plan designed to cut costs. Expenses were$13.7 billion, compared with the $13.6 billion predicted by analysts in a Bloomberg survey, according to a statement Wednesday. Most Read from Bloomberg “We have built a strong foundation and have made great progress in improving growth and returns, though ...