Wells Fargo's Earnings: A 14% Growth

Wells Fargo, a San Francisco-based bank with a market cap of $292 billion, is set to release its fourth-quarter earnings, with analysts predicting a 16.2% increase in earnings per share to $1.65. The bank has consistently beaten Wall Street estimates for the past four quarters, with earnings per share expected to reach $6.15 in 2025, a 11.4% increase from 2024. Investors are optimistic, with Wells Fargo stock surging 35.1% over the past year, outperforming the S&P 500 and the financial sector fund. Recently, the bank cut its prime rate, causing shares to jump, and all eyes are on the upcoming earnings report.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.