Wells Fargo Prepares for Q4 Earnings Announcement

Wells Fargo & Company (NYSE: WFC) is set to announce its fourth quarter earnings before the market opens on Wednesday, January 15. This announcement is expected to attract significant attention from investors and analysts alike.

For this quarter, analysts are predicting that Wells Fargo will report earnings of $1.34 per share. This represents a substantial increase from the 86 cents per share reported in the same quarter last year.

In addition to earnings, Wells Fargo is anticipated to reveal quarterly revenue totaling $20.6 billion. This is a slight rise compared to the $20.48 billion reported in the previous year, as per insights from financial analysis platform Benzinga Pro.

On another note, on December 19, 2024, Wells Fargo Bank, N.A. reduced its prime rate from 7.75% to 7.50%, a move that could impact lending rates.

As of the last market close, shares of Wells Fargo experienced a gain of 2.2%, finishing the day at $72.86.

Investors and interested parties can view the latest analyst ratings related to Wells Fargo on various financial platforms. Those platforms allow users to filter ratings by stock ticker, analyst firm, rating changes, and more.

Here’s a summary of recent ratings and price target changes from some of the most accurate analysts covering Wells Fargo:

• Michael Rehaut from JP Morgan has maintained a Neutral rating and adjusted the price target from $92.50 to $82 as of December 13, 2024. This analyst holds an accuracy rate of 71%.
• Matthew Bouley of Barclays downgraded the stock from Overweight to Equal-Weight and lowered the price target from $99 to $85 on December 11, 2024, with an accuracy rate of 73%.
• Jay McCanless from Wedbush kept a Neutral rating while raising the price target from $67 to $75 on September 25, 2024, achieving an impressive accuracy rate of 87%.
• Rafe Jadrosich from B of A Securities maintained a Neutral rating and raised the target price from $75 to $90 on September 19, 2024, boasting an accuracy rate of 67%.
• Mike Dahl from RBC Capital downgraded the stock from Sector Perform to Underperform with a price target set at $70 on September 5, 2024, and has an accuracy rate of 72%.

These adjustments reflect analysts' responses to changes in the market and the company's performance, and they will be closely monitored by investors ahead of the upcoming earnings announcement.

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WellsFargo, Earnings, Analysts