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Stock impact report

GRAPHIC-What to watch as Q4 earnings kick into high gear [Reuters (UK)]

Wells Fargo & Company (WFC) 
Last wells fargo & company earnings: 4/14 07:46 am Check Earnings Report
US:NYSE Investor Relations: wellsfargo.com/about/investor-relations
Company Research Source: Reuters
What to watch as fourth-quarter earnings kick into high gear - Reuters 4 Min Read NEW YORK (Reuters) - U.S. corporate reporting season is expected to show lackluster profit growth, and it has already gotten off to a bumpy start, with big banks kicking off the fourth quarter to mixed investor reaction so far on the stock market. With the vast majority of the S&P 500 still yet to report, forecasters expect fourth-quarter earnings to be down 0.5% from a year ago, according to IBES data from Refinitiv. “Q4 is probably the last quarter where the market kind of gives a pass to earnings,” said Dave Lafferty, chief market strategist at Natixis Investment Managers in Boston. Among the large banks, JPMorgan Chase & Co ( JPM.N ) and Citigroup ( C.N ) reported results that beat expectations, while Goldman Sachs Group Inc ( GS.N ) and Wells Fargo & Co ( WFC.N ) missed. Within the S&P 500, estimates vary widely for sector performance in the fourth quarter. Financials .SPSY and utilities .SPL Show less Read more
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