Earnings Reports – Wells Fargo & Company
Wells Fargo & Company
Industry:
Banking
Sector:
Finance
Employees:
253871
Last Released Earnings Report: 14.10.2021
Next Earnings Report: 14.01.2022
Share B. Profit /
Expectation
1.17 /
0.9956
Income /
Expectation
18.83B /
18.27B
With Wells Fargo (
NYSE:WFC), which will report before the market opens on Friday, the fourth quarter earnings season is starting in earnest.
Big profit gains by US companies helped the S&P 500 index increase by 27% in 2021, but companies will have a hard time sharing similar figures in the fourth quarter. According to the news of Reuters based on Refinitiv data, a 22.3% increase is expected in the earnings of S&P 500 companies. While this is a strong increase, it is a slower pace compared to what we saw in the first, second and third quarters of 2021.
Investors will have focus on inflation to see if companies believe the supply chain problems that drove prices up last year will subside in the coming months, and their 2022 projections.
Earnings Reports – Wells Fargo & Company
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