Wells Fargo Likely To Report Higher Q2 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

Wells Fargo & Company WFC is scheduled to release its financial results for the second quarter, before the opening bell on Friday, July 12.

Analysts expect the San Francisco, California-based company to report quarterly earnings at $1.29 per share, up from $1.25 per share in the year-ago period. Wells Fargo is expected to post revenue of $20.28 billion, compared to $20.53 billion a year earlier, according to data from Benzinga Pro.

On June 28, Wells Fargo announced a dividend increase from 35 cents per share to 40 cents per share.

Wells Fargo shares fell 0.3% to close at $59.72 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• Jefferies analyst Ken Usdin maintained a Hold rating and raised the price target from $62 to $64 on July 3. This analyst has an accuracy rate of 66%.
• Argus Research analyst Stephen Biggar maintained a Buy rating and boosted the price target from $57 to $66 on April 15. This analyst has an accuracy rate of 70%.
• Compass Point analyst David Rochester downgraded the stock from Buy to Hold with a price target of $64 on April 9. This analyst has an accuracy rate of 74%.
• Goldman Sachs analyst Richard Ramsden maintained a Buy rating and raised the price target from $57 to $65 on April 1. This analyst has an accuracy rate of 76%.
• HSBC analyst Saul Martinez maintained a Hold rating and boosted the price target from $55 to $60 on March 28. This analyst has an accuracy rate of 68%.

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