Wells Fargo Prepares to Roll Out Earnings on Friday

Wells Fargo (WFC) - Get Report , a holding of Jim Cramer's Action Alerts PLUS portfolio, is set to roll out earnings before Friday's opening bell. Wall Street analysts say the San Francisco-based bank will likely post earnings of $1.01 a share on revenue of $22.2 billion, a moderate decrease year-over year.  Meanwhile, the company said after the market closed Tuesday that its community banking head Carrie Tolstedt, will be stepping down by the end of the month. She is expected to be replaced by Mary Mack, the current head of Wells Fargo Advisors.

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Action Alerts PLUS, which Cramer co-manages as a charitable trust, is long Wells Fargo stock.