5 Most Anticipated Earnings to Watch in October

In this article, we discuss the 5 most anticipated earnings to watch in October. If you want to see some other much-awaited quarterly reports, go directly to 10 Most Anticipated Earnings to Watch in October.

5. Wells Fargo & Company (NYSE:WFC)

Number of Hedge Fund Holders: 83

Wells Fargo & Company (NYSE:WFC) is set to release its third-quarter earnings on October 14, 2022. Most analysts expect higher interest rates to drive the net interest income of major U.S. banks, including Wells Fargo.

On the other hand, many expect a sharp spike in borrowing costs to drag down the mortgage and auto-lending businesses of Wells Fargo & Company (NYSE:WFC). JPMorgan analyst Vivek Juneja also mentioned these factors in his recent coverage for the stock.

Juneja slashed his price target for Wells Fargo & Company (NYSE:WFC) from $49.50 per share to $46.50 per share. The analyst pointed towards decelerating loan growth and increasing recession fears that continue to pressurize financial stocks.