Buy WFC Stock Ahead Of Earnings?

Core Insights - Wells Fargo is set to release its earnings on July 15, marking the first report since the Federal Reserve lifted the bank's $1.95 trillion asset cap in late May, which is expected to provide long-term benefits but minimal immediate impact on Q2 results [2] - The consensus estimates predict earnings of approximately $1.40 per share for the quarter, up from $1.33 in the same quarter last year, while revenues are projected to remain stable at around $20.76 billion due to slow loan growth and reduced deal-making activity amid economic uncertainties [2] - The current market capitalization of Wells Fargo stands at $271 billion, with a revenue of $82 billion and a net income of roughly $20 billion over the past twelve months [2] Earnings Performance - Historical data shows that Wells Fargo has recorded 20 earnings data points over the past five years, with 9 positive and 11 negative one-day returns, resulting in a positive return rate of approximately 45% [4] - The positive return rate increases to 50% when examining the past three years, with a median positive return of 4.0% and a median negative return of -3.3% [4] Investment Alternatives - For investors seeking less volatility compared to individual stocks, the Trefis High Quality portfolio is highlighted as an alternative, having outperformed the S&P 500 with returns exceeding 91% since its inception [2][6]