Wells Fargo Earnings Are Imminent; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
Portfolio Pulse from Avi Kapoor
Wells Fargo & Company (NYSE:WFC) is set to release its Q3 earnings on Oct. 11, with expected earnings of $1.28 per share and revenue of $20.41 billion. Analysts have revised their ratings, with some upgrading the stock and adjusting price targets. The bank recently reached an agreement with the OCC to improve its anti-money laundering practices.
October 11, 2024 | 7:41 am
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Wells Fargo is expected to report Q3 earnings of $1.28 per share, down from last year, with revenue projected at $20.41 billion. Analysts have revised ratings, with some upgrading the stock and adjusting price targets. The bank's recent agreement with the OCC to enhance anti-money laundering practices may impact investor sentiment.
The upcoming earnings report and analyst upgrades suggest a positive short-term outlook for Wells Fargo. The agreement with the OCC to improve compliance may also boost investor confidence. The combination of these factors is likely to have a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100