Earnings Preview: Wells Fargo & Company Earnings Expected to Increase Over Last Quarter

Wells Fargo & Company WFC earnings are coming up! Don't miss out: The company unveils its next round of earnings this Tuesday, July 19, 2011.

Want to skip the homework and get all the facts in one place? We thought so. Here is your everything-that-matters guide for this Tuesday's second quarter earnings announcement.

Let's Do the Numbers:

Wall Street expects a positive EPS reading of 69 cents per share and revenues of $20.4 billion. We'll know on Tuesday whether Wells Fargo & Company has managed the estimated 134% increase in EPS and 95% rise in revenues on a year-over-year basis.

Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter	Q1	Q4	Q3	Q2
EPS Estimate	67 cents	62 cents	56 cents	49 cents
EPS Actual	67 cents	61 cents	60 cents	55 cents

Stock Performance:

Shares of Wells Fargo & Company were trading at $27.53 as of July 13, 2011. Since January 1st, shares of Wells Fargo & Company have declined 10.7%. For a full 12 months, the return has risen by 6.7%. Given that these returns are generally positive, long-term shareholders are probably satisfied going into this earnings release.

• Long-term shareholders are already enjoying 12-month gains prior to the announcement

Average Stock Rating:

The average rating by analysts for Wells Fargo & Company is a Moderate Buy. The strength of this rating has declined slightly over the past three months.

Competitors:

Wondering how some of the other Financials companies are doing? Here are a few of Wells Fargo & Company's peers in that sector.

• Bank of America BAC: Hold with a $0.17 recent quarter EPS
• Citigroup C: Moderate Buy with a $1.0 recent quarter EPS
• Goldman Sachs Group GS: Moderate Buy with a $1.56 recent quarter EPS
• JPMorgan Chase & JPM: Moderate Buy with a $1.28 recent quarter EPS

The bank company's industry has seen price/earnings growth of 0.1% during the current fiscal year.

Finally, a description of the main business areas of the company, in case you need a little refresher: Wells Fargo & Company provides financial services in mainly wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance and commercial finance.

Take Action:

That's your advanced look at Wells Fargo & Company's upcoming earnings numbers -- be ready to take quick action if the company's report contains any surprises. Also, check back in with us after the announcement for a full recap and what-to-do-next guide.

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