12 Jul
July 21st Earnings Announcement
On July 21, 2010, Wells Fargo stock will have its quarterly earnings report. This review of the first half of 2010 will come on the heels of a flat 2010 for Wells Fargo. The stock remains up nearly 20% over the last year, but that was more of a post-crash bounce and 2010 has been much more neutral. Analysts are looking for around $0.50 per share earnings for the quarter with revenues over $21 billion. It’s hard to imagine WFC not hitting those numbers, but its also hard to imagine they will do anything to get investors really excited. Many believe the weak fundamentals and system remain, but those problems are obfuscated by the free money being given away at the Fed which makes profits very difficult not to achieve.