Pedestrians pass in front of a Wells Fargo bank branch in New York.
Eric Thayer | Bloomberg | Getty Images
Wells Fargo is scheduled to report second-quarter earnings before the opening bell on Tuesday.
Here’s what Wall Street expects:
- Earnings: $1.15 per share
- Revenue: $20.93 billion
Much of Wall Street remained in wait-and-see mode ahead of Wells Fargo’s financial report, with analysts eager for updates on the bank’s progress on finding a new CEO and its efforts to buoy revenues and control costs.
The nation’s fourth largest bank and its reputation remain mired in regulatory inquisition stemming from its 2016 sales scandal that’s since claimed the jobs of two CEOs. Tim Sloan, the bank’s most recent chief, stepped down in March after 31 years at the company.
The Wells Fargo board has been searching for a new CEO ever since, reportedly struggling to convince a number of outside bank executives to consider the role. Still, the board isn’t ruling out a company insider as some look to cement…