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Barchart
Barchart
Aditya Sarawgi

What You Need To Know Ahead of Wells Fargo's Earnings Release

Wells Fargo WFC

San Francisco, California-based Wells Fargo & Company (WFC) provides various banking, investment, mortgage, and consumer and commercial finance products and services in the U.S. and internationally. With a market cap of $269.4 billion, the company operates through Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management segments.

The financial sector giant is expected to release its third-quarter results before the market opens on Tuesday, Oct. 14. Ahead of the event, analysts expect WFC to deliver a profit of $1.54 per share, up a modest 1.3% from $1.52 per share reported in the year-ago quarter. Meanwhile, the company has a robust earnings surprise history. It has surpassed the Street’s bottom-line estimates in each of the past four quarters.

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