Wells Fargo Shares Rise Ahead of Q4 Earnings; Target Price $81 in Best Case

Wells Fargo Shares Rise Ahead of Q4 Earnings; Target Price $81 in Best Case

Wells Fargo shares gained nearly 15% so far this year ahead of its fourth-quarter earnings, which is expected to enjoy better loan activity and a higher net interest income than that seen in early last year due to favourable industry trends.

The fourth-largest U.S. lender is expected to report its fourth-quarter earnings of $1.11 per share, which represents a year-on-year growth of over 70% from $0.64 per share seen in the same period a year ago.

The San Francisco, California-based multinational financial services company would post revenue growth of more than 4% to $18.8 billion.