Wells Fargo & Company (WFC - Free Report) is scheduled to report its second-quarter 2016 results before the opening bell on Friday, Jul 15. But many questions persist in its investors' minds this time around, given the tough industry backdrop and litigation hassles that the bank has endured during the quarter.
In the last quarter, driven by organic growth aided by higher revenues along with strong loans and deposit balances, Wells Fargo reported a positive earnings surprise of about 1%. However, it compared unfavorably with the prior-year quarter’s earnings. Further, higher provisions and expenses remain a concern.
Wells Fargo has a decent earnings surprise history as depicted in the chart below:
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Wells Fargo & Company (WFC - Free Report) is scheduled to report its second-quarter 2016 results before the opening bell on Friday, Jul 15. But many questions persist in its investors' minds this time around, given the tough industry backdrop and litigation hassles that the bank has endured during the quarter.
In the last quarter, driven by organic growth aided by higher revenues along with strong loans and deposit balances, Wells Fargo reported a positive earnings surprise of about 1%. However, it compared unfavorably with the prior-year quarter’s earnings. Further, higher provisions and expenses remain a concern.
Wells Fargo has a decent earnings surprise history as depicted in the chart below:
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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