PREVIEW: Wells Fargo & Co (WFC) earnings due 14/Apr at 12:00 BST/07:00EST

Wells Fargo & Co (WFC) Q1 2022 (USD): EPS (exp. 0.80/0.83 GAAP), Revenue (exp. 17.80bln)

BANKING METRICS:

• Trading Income: (exp. 200.00mln)


• Net Interest Income (NII): (exp. 9.30bln)


• Loan Loss Provisions: (exp. 166.76mln)


• CET1 Ratio: (exp. 10.67%)


• Net Charge-Offs: (exp. 0.19%)

DIVIDEND:

• Qtrly Dividend: (exp. 0.22)


• FY Dividend: (exp. 1.05)

EPS GUIDANCE:

• Q2 2022 EPS View: (exp. 0.96/0.98 GAAP)


• FY 2022 EPS View: (exp. 4.02/4.08 GAAP)

REVENUE GUIDANCE:

• Q2 2022 Revenue View: (exp. 18.33bln)


• FY 2022 Revenue View: (exp. 74.32bln)

INDEX WEIGHT:

• 0.5% SPX weight


• Sector/Industry: Financials/Banks

BROKER RATING:

• Avg Rating: 'Buy'


• Avg Price Target: USD 61.42


• Price Target Changes (last 30 days): 12 upward vs 8 downward

13 Apr 2022 - 17:00- Equities- Source: Newsquawk