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Benzinga
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Wells Fargo Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

1. Wells Fargo to report Q2 earnings of $1.40 per share. 2. Quarterly revenue expected at $20.76 billion, slightly up from last year. 3. Dividend to increase 12.5% to 45 cents per share. 4. Analyst ratings vary: downgrades and price target increases noted. 5. Wells Fargo shares fell 1.5% to close at $82.34.

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FAQ

Why Neutral?

The mixed analyst assessments and slight revenue increase shows uncertainty. Historical context shows similar patterns often lead to stagnancy.

How important is it?

Wells Fargo's performance may influence financial sector stability, impacting S&P 500 indirectly. Banking stocks are significant components of the index.

Why Short Term?

Immediate earnings results could impact stock reaction. Historical earnings reports often lead to quick price fluctuation.

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