Wells Fargo Likely To Report Surge In Q4 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call

Wells Fargo & Company WFC is projected to release financial results for its fourth quarter, before the opening bell on Jan. 12, 2024.

Analysts expect the company to post quarterly earnings at $1.20 per share, up from year-ago earnings of 61 cents per share. The company’s revenue might come in at $20.32 billion for the latest quarter, compared to $19.66 billion in the year-earlier quarter, according to data from Benzinga Pro.

Wells Fargo, during October, reported better-than-expected earnings for its third quarter.

Wells Fargo shares fell 0.4% to close at $49.08 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.

• Deutsche Bank analyst Matt O’Connor downgraded the stock from Buy to Hold with a price target of $51 on Jan. 9, 2024. This analyst has an accuracy rate of 63%.
• Baird analyst David George downgraded the stock from Outperform to Neutral with a price target of $55 on Jan. 8, 2024. This analyst has an accuracy rate of 71%.
• Piper Sandler analyst Scott Siefers maintained a Neutral rating and boosted the price target from $45 to $47 on Dec. 8, 2023. This analyst has an accuracy rate of 67%.
• Raymond James analyst David Long maintained a Strong Buy rating and raised the price target from $52 to $55 on Dec. 6, 2023. This analyst has an accuracy rate of 62%.
• Goldman Sachs analyst Richard Ramsden maintained a Buy rating and raised the price target from $45 to $50 on Dec. 1, 2023. This analyst has an accuracy rate of 64%.

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