Fargo (WFC Earnings)
Wells Fargo & Company (WFC) will report Q4 earnings before the market opens tomorrow.
Current Cap IQ Consensus estimates Q4 adj. EPS of $0.64 (vs $0.60 last year) on revs of $18.11 bln (-9% yr/yr).
WFC is off to a hot start this year along with most of the other banks. WFC just traded to its highest level since March 2020.
WFC has an $144 mln market cap and trades at a forward P/E of 15x, in-line with peers like RF (11x), JPM (14x), GS (11x), and BAC (15x).
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