Wells Fargo: How To Earn $500 A Month Ahead Of Q2 Earnings - Wells Fargo (NYSE:WFC)

Wells Fargo & Company (NYSE:WFC) will release earnings for its second quarter before the opening bell on Tuesday, July 14.

Analysts expect the bank to report quarterly earnings of $1.71 per share. That’s up from $1.60 per share in the year-ago period. The consensus estimate for Wells Fargo’s quarterly revenue is $21.81 billion. It reported $20.82 billion last year, according to Benzinga Pro.

Ahead of quarterly earnings, Bank of America Securities analyst Ebrahim Poonawala maintained a Buy rating on Wells Fargo and raised the price target from $95 to $102. UBS analyst Erika Najarian also maintained a Buy rating, but cut the price target from $105 to $104.

With the recent buzz around Wells Fargo, some investors may be eyeing potential gains from the company’s dividends too. Currently, WFC has an annual dividend yield of 2.07% and a quarterly dividend of 45 cents per share ($1.80 annually).

To figure out how to earn $500 per month from Wells Fargo, start with an annual target: $6,000 ($500 x 12 months).