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Wells Fargo Earnings: What to Expect

By Anand Chokkavelu, CFA - Updated Apr 7, 2017 at 12:26PM

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As usual, Wells Fargo (along with JPMorgan Chase) will kick off big-bank earnings season. Both report on Friday before the market opens. Analysts expect $0.87 a share in earnings for Q3, versus $0.72 last year. That's a healthy 21% gain!
 
Motley Fool senior analyst Anand Chokkavelu expects Wells to deliver on the expectations based on its domination of the mortgage market these days. Over the first two quarters of 2012, it's taken up 33.1% of mortgage loan activity. Although rates are low, the spreads Wells and others are earning on mortgage-backed securities have been quite good.

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Stocks Mentioned

Wells Fargo & Company Stock Quote
Wells Fargo & Company
WFC
$43.98 (1.59%) $0.69
JPMorgan Chase & Co. Stock Quote
JPMorgan Chase & Co.
JPM
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Citigroup Inc. Stock Quote
Citigroup Inc.
C
$52.69 (0.01%) $0.01
U.S. Bancorp Stock Quote
U.S. Bancorp
USB
$51.17 (0.26%) $0.14

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