RPT-BUZZ-PREVIEW: Wells Fargo seen reporting rev rise, net interest income drop in results Wed

Repeats with no changes

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))