What to Expect From Wells Fargo's Quarterly Earnings

Wells Fargo will be out with fourth-quarter results on Friday.
Author:
Publish date:

Wells Fargo (WFC) - Get Report will be out with fourth-quarter results on Friday. Analysts expect the bank to post earnings of $1 a share on sales of $22.45 billion. During the same quarter a year ago, the company reported earnings of $1.03 a share on revenue of $21.59 billion. Wells Fargo is a holding in Jim Cramer's Action Alerts PLUS charitable trust portfolio.

According to Jim Sinegal, Morningstar's banking analyst, the fourth quarter caps a tumultuous year for Wells Fargo, including its fake bank account scandal that resulted in fines and the resignation of CEO John Stumpf.