Financial services giant Wells Fargo (NYSE: WFC) will be reporting results this Tuesday morning. Here’s what to look for.
Wells Fargo beat analysts’ revenue expectations by 0.8% last quarter, reporting revenues of $20.82 billion, flat year on year. It was a mixed quarter for the company, with a beat of analysts’ EPS estimates but a slight miss of analysts’ net interest income estimates.
Is Wells Fargo a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Wells Fargo’s revenue to grow 3.7% year on year to $21.13 billion, a reversal from the 2.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $1.54 per share.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Wells Fargo has missed Wall Street’s revenue estimates twice over the last two years.
With Wells Fargo being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for banks stocks. However, the segment has faced declining investor sentiment as Wells Fargo’s peer group is down 6.1% on average over the last month. Wells Fargo is down 4.6% during the same time and is heading into earnings with an average analyst price target of $89.10 (compared to the current share price of $77.67).
P.S. While everyone's chasing Nvidia, we found a hidden AI semiconductor winner trading at a fraction of the price. See our #1 pick before Wall Street catches on.
StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.