PREVIEW: Wells Fargo & Co (WFC) earnings due 15/Jul at 12:10BST/07:10EDT

Wells Fargo & Co (WFC) Q2 2022 (USD): EPS (exp. 0.80/0.82 GAAP), Revenue (exp. 17.53bln)

BANKING METRICS:

• Trading Income: (exp. 250.00mln)


• Net Interest Income (NII): (exp. 10.12bln)


• Loan Loss Provisions: (exp. 376.39mln)


• CET1 Ratio: (exp. 10.80%)


• Net Charge-Offs: (exp. 0.19%)

DIVIDEND:

• Qtrly Dividend: (exp. 0.25)


• FY Dividend: (exp. 1.09)

EPS GUIDANCE:

• Q3 2022 EPS View: (exp. 1.08/1.07 GAAP)


• FY 2022 EPS View: (exp. 4.00/4.01 GAAP)

REVENUE GUIDANCE:

• Q3 2022 Revenue View: (exp. 18.72bln)


• FY 2022 Revenue View: (exp. 73.39bln)


• FY 2023 Revenue View: (exp. 79.93bln)

INDEX WEIGHT:

• 0.5% SPX weight


• Sector/Industry: Financials/Banks

BROKER RATING:

• Avg Rating: 'Buy'


• Avg Price Target: USD 53.36


• Price Target Changes (last 30 days): 5 upward vs 18 downward

14 Jul 2022 - 17:00- EquitiesResearch Sheet- Source: Newsquawk