Wells Fargo is scheduled to report Q2 results with an expected EPS of $1.71 on $21.81B in revenue. Upgraded price targets from Bank of America Securities and UBS reflect improved earnings visibility and a stable dividend profile. A solid print could lift sentiment and push WFC toward the mid-to-high 90s in the near term.
Wells Fargo is set to report Q2 results before the open on July 14, with consensus EPS of $1.71 on about $21.81 billion in revenue. The bank also raised its quarterly dividend to $0.50 from $0.45 on June 24, signaling stronger capital returns. The stock recently advanced about 4% on optimism ahead of the print.
Wells Fargo CFO Mike Santomassimo said net interest income will step up this quarter at an investor conference. The message points to a near-term earnings uplift tied to favorable rate dynamics, though no numeric guidance was provided. The stock could react positively if the magnitude proves material and rates stay supportive, with emphasis on rate trajectory and loan growth.
Wells Fargo Chief Executive Charlie Scharf said the bank expects investment banking and trading revenue to rise mid-teens in the second quarter, signaling a healthier capital markets franchise. The lack of a precise target leaves room for upside if volumes and margins hold, making Q2 results and any follow-on guidance the key near-term catalyst for WFC shares.
Wells Fargo will finance Icon 3D-printed homes and offer a 50 basis point lender credit, becoming Icon's preferred lender. The partnership signals growing acceptance of additive manufacturing in housing and could lift mortgage volumes tied to the Titan printers. However, profitability depends on underwriting, collateral valuation, and broader adoption beyond pilots.
Wells Fargo CEO Charlie Scharf opposes any premature interest rate cuts until the Iran conflict stabilizes. His comments signal that interest rate policies may remain tight, which could influence market sentiment and WFC's stock performance in the short term.