JPMorgan (JPM), Wells Fargo (WFC), and BNY Mellon (BK) will kick off the third quarter earnings season on Friday. Citizens JMP director of financial technology research Devin Ryan joins Market Domination to break down what investors can expect from these earnings and his top plays in the sector.
Rising expenses and lower NII are likely to weigh on WFC's Q3 earnings, though a rise in mortgage banking fees is expected to offer some support.
Wells Fargo's earnings saw a decline in net interest income due to higher funding costs, despite beating earnings and revenue expectations in its last quarter. WFC stock underperformed the S&P 500, returning a loss of 4.29% over the last year, with weak momentum scoring a D+. Opportunities include leveraging AI for efficiency, expanding wealth management, and benefiting from falling interest rates and strong stock markets.
Wells Fargo (WFC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
JPMorgan Chase & Co. and Wells Fargo & Co. kick off third-quarter earnings season this coming Friday, as Wall Street looks for fresh clues on how lower interest rates may boost profits for big U.S. banks.
Wells Fargo (WFC) concluded the recent trading session at $54.98, signifying a -0.58% move from its prior day's close.
In this article, we will take a look into Wells Fargo & Co's (WFC, Financial) DCF analysis, a reliable and data-driven approach to estimating its intrinsic value. Instead of using future free cash flow as in the traditional DCF model, the GuruFocus DCF calculator uses EPS without NRI as the default for the DCF model based on research that shows that historically stock prices have been more correlated with earnings than free cash flow.
Recently, Zacks.com users have been paying close attention to Wells Fargo (WFC). This makes it worthwhile to examine what the stock has in store.
Wells Fargo has a proven record of stable quarterly dividend payouts, though its yield is around 2.8% now and growth history mixed. Although loan growth appears to have declined, its fees-driven business segments have shown growth potential recently, which, I think, can grow future fees income. With such a huge loan book, it is exposed to loan charge-off trends like many banking peers, as well as Fed rate decisions.
Wells Fargo (WFC) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
Wells Fargo submits a third-party review of its risk and control overhauls to the Fed. The stock soars as this might result in the lifting up of its asset cap.
Wells Fargo faces a new lawsuit as it exploits its cash sweep programs to earn significant profits, all while offering clients much lower interest rates.