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
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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.
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