Wells Fargo Q2 Earnings Preview: Barclays

Wells Fargo & Company (NYSE:WFC) is set to benefit from operational efficiency and diversified business mix, despite its mortgage banking facing pressure, according to Barclays PLC (NYSE:BCS) (LON:BARC). In its recent 2Q13 EPS preview report from the equity research team, Barclays PLC (NYSE:BCS) (LON:BARC) anticipates Wells Fargo & Company (NYSE:WFC) will post second quarter EPS of $0.93 as against the consensus estimate of $0.92. Jason M. Goldberg and team at Barclays retained an overweight rating on the banking stock. Earlier, Wells Fargo was downgraded by Sterne, citing slowing earnings growth. Wells Fargo Mortgage Banking Under Pressure The analysts at Barclays feel Wells Fargo…