Published on 27 Mar 2024 on Zacks via Yahoo Finance
Wells Fargo (WFC) Outperforms Broader Market: What You Need to Know
In the latest market close, Wells Fargo (WFC) reached $57.61, with a +1.64% movement compared to the previous day. The stock exceeded the S&P 500, which registered a gain of 0.86% for the day. On the other hand, the Dow registered a gain of 1.22%, and the technology-centric Nasdaq increased by 0.51%.
The biggest U.S. mortgage lender's stock has climbed by 3.41% in the past month, exceeding the Finance sector's gain of 3.29% and the S&P 500's gain of 2.84%.
The investment community will be paying close attention to the earnings performance of Wells Fargo in its upcoming release. The company is slated to reveal its earnings on April 12, 2024. The company's upcoming EPS is projected at $1.10, signifying a 10.57% drop compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $20.17 billion, reflecting a 2.71% fall from the equivalent quarter last year.