What's Going On With Wells Fargo (WFC) Shares
Portfolio Pulse from Henry Khederian
Wells Fargo & Co (WFC) shares are trading higher by 1.12% amid overall market strength following a lighter-than-expected June inflation report. The company's second-quarter earnings report is expected on Friday, with an estimated revenue of $20.08 billion and EPS of $1.17. The U.S. CPI inflation in June decelerated more than anticipated, reinforcing investor expectations of a single rate hike by the Federal Reserve.
July 12, 2023 | 3:55 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Wells Fargo's stock is trading higher due to overall market strength and lighter-than-expected June inflation. The upcoming Q2 earnings report could further influence the stock's performance.
The stock is trading higher due to overall market strength following a lighter-than-expected June inflation report. This has reinforced investor expectations of a single rate hike by the Federal Reserve, which is generally positive for banking stocks. The upcoming Q2 earnings report, if positive, could further boost the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100