Wells Fargo & Company is scheduled to release earnings before Friday’s open. The stock just hit a record high of $59.99/share in March 2017 and is currently trading near $55/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. To help you prepare, here is what the Street is expecting:
Earnings Preview: Q2 2017
Wells Fargo is expected to report $1.02/share on $22.35 billion in revenue. Meanwhile, the so-called Whisper number is $1.05. The Whisper number is the Street’s unofficial view on earnings.