** Shares of Wells Fargo & Co WFC.N are up 0.5% in afternoon trading Tues, with the bank expected to report slightly higher qrtly rev when it releases results before the bell Wed but a drop in net interest income
** Analysts expect qrtly rev of $20.59 bln vs $20.48 bln in the yr-ago qtr, while they estimate EPS of $1.35/shr vs $1.29 a yr ago, according to LSEG
** They forecast a roughly 8% fall in net interest income for Q4 2024 vs yr ago
** On Tues, a U.S. banking regulator announced it had fined three former executives at Wells Fargo for their roles in the bank's long-running fake accounts scandal
** Analyst recommendations on Wells Fargo's stock include 16 "strong buy" or "buy" ratings, 11 "hold" ratings and no "sell" or "strong sell" ratings, based on LSEG data
** The median PT on the stock is $81; the stock was last at $70.87
** U.S. bank shares have risen in the wake of U.S. President elect Donald Trump's Nov. 5 election win amid expectations of a looser regulatory environment
** For 2025 so far, WFC is up 0.9% while the S&P 500 .SPX is down 1.1% for that period
(Reporting by Caroline Valetkevitch)
((caroline.valetkevitch@thomsonreuters.com))