Reuters - Video

EDITION: U.S. | U.K. | IN

Top News

U.S. Week Ahead: Wells Fargo the only earnings that matter

Friday, January 04, 2013 - 02:43

Jan 4 - Analysts expect Wells Fargo to report a higher profit from last quarter and even a year ago thanks to its ability to tap into the housing rebound and mortgage refinancing boom.

▲ Hide Transcript

View Transcript

Markets finished Friday at a five year high but now it's back to the earnings grind. And that could be a major test for investors. This will be on what wells Fargo's says on Friday is the first thing out of the gate and the US's largest mortgage lender. So -- analysts expected to report a higher profit last quarter and a year ago. That's because its ability it's happened to the housing rebound and mortgage refinancing them. The big question how long can that. Last Wells -- is looking pretty good on the school setting for much of this year I think its executives reckon that 40%. Customers in the two trillion dollar -- failures -- could be eligible for refi at some point. That's that looks pretty good for them but some what it will run down and -- such great levels that it is has been most obvious. A -- Wells Fargo and other banks want to replace that is new mortgages and you Boras and to get that you need to financing market works properly. With new regulations coming in -- this year maybe that happens that. We could be looking a bit of a gap late this year and next. We will also hear from four other S&P 500 companies. Alcoa Apollo Group Monsanto and Constellation Brands. This season is likely to be better than last quarter but still happen over all according to the latest Thomson Reuters data. Profits to grow by nearly 3%. Top sector is set to be financials but pay attention to guidance. Based on what's been said already it looks to be one of the most pessimistic. It nearly ten years. In other company news Walgreen holds its analyst day Wednesday. -- over the US's largest drugstore chain can do to win back millions of customers. Lost in a dispute with Express Scripts it has been top. It recently said same store sells fell 4% in December. Watch for indications about the strength of their loyalty cards it's signed up more than 45 million shoppers in a few months. Up from 38 million investors are hopeful Raymond James said the stock would outperform while green up 12% from a year ago. You're big stat to keep an eye on its international trade on Friday our experts that I have bars say we should see the deficit shrank to 41 and a half billion dollars in November. Thanks to export growth outpacing imports -- -- likely to improve projections for how well the overall economy did in the fourth quarter. I have ours says trade show that two tenths of a percent GDP. It's estimated sport 2% growth. That preliminary reading out January 30. Make sure let's on Twitter -- insider catch our interviews with top market movers on Reuters TV. I'm Rhonda -- this is writers.

Press CTRL+C (Windows), CMD+C (Mac), or long-press the URL below on your mobile device to copy the code

U.S. Week Ahead: Wells Fargo the only earnings that matter

Friday, January 04, 2013 - 02:43

Editors' Picks »

Most Popular »

Business »

Moving Pictures »

Dance of the northern lights Dance of the northern lights

Mon, 20 Oct, 2014 - (1:08)

Images of September Images of September

Thu, 02 Oct, 2014 - (1:00)

Still missing – MH370 Still missing – MH370

Fri, 05 Sep, 2014 - (2:05)

Burning Together Burning Together

Mon, 01 Sep, 2014 - (2:23)

Mending dolls, teddies and hearts Mending dolls, teddies and hearts

Fri, 22 Aug, 2014 - (3:12)

Images of August Images of August

Fri, 29 Aug, 2014 - (1:00)

"Old timers" sail the Chesapeake Bay "Old timers" sail the Chesapeake Bay

Mon, 11 Aug, 2014 - (2:27)

Burned memories Burned memories

Fri, 08 Aug, 2014 - (3:02)

Images of July Images of July

Fri, 01 Aug, 2014 - (1:20)

World Cup: passion on the pitch World Cup: passion on the pitch

Fri, 11 Jul, 2014 - (1:00)

Oddly Enough »

Giant rubber duck on show in Shanghai Giant rubber duck on show in Shanghai

Thu, 23 Oct, 2014 - (1:06)

Black bear cub goes Sunday shopping Black bear cub goes Sunday shopping

Thu, 23 Oct, 2014 - (0:27)

Christie's opens new Shanghai office Christie's opens new Shanghai office

Wed, 22 Oct, 2014 - (1:13)

White lion cubs unveiled to the public White lion cubs unveiled to the public

Tue, 21 Oct, 2014 - (1:01)

Ebola Halloween getup stirs controversy Ebola Halloween getup stirs controversy

Tue, 21 Oct, 2014 - (1:14)

Cuddly Ebola toy almost wiped out Cuddly Ebola toy almost wiped out

Mon, 20 Oct, 2014 - (0:34)

New MoMA exhibit cut out for Matisse New MoMA exhibit cut out for Matisse

Thu, 16 Oct, 2014 - (1:28)

London's Frieze art fair tests your senses London's Frieze art fair tests your senses

Thu, 16 Oct, 2014 - (1:28)

Paris streets become gallery for Plato-inspired sculptures Paris streets become gallery for...

Wed, 15 Oct, 2014 - (1:21)

Reuters Investigates »

Re-homing victim: "I could have been dead" Re-homing victim: "I could have been dead"

Wed, 19 Feb, 2014 - (8:24)

Cops and loggers in the Amazon rainforest Cops and loggers in the Amazon rainforest

Fri, 10 Jan, 2014 - (4:01)

"Passed around like a dog" "Passed around like a dog"

Thu, 29 Aug, 2013 - (6:32)

Adopted, then abandoned online Adopted, then abandoned online

Thu, 29 Aug, 2013 - (13:21)

How the DEA keeps its secrets secret How the DEA keeps its secrets secret

Mon, 05 Aug, 2013 - (1:36)

How education lost its role as the great equalizer - Reuters Investigates How education lost its role as the great...

Mon, 17 Dec, 2012 - (7:52)

Jihad Jane: From abused child to American jihadist - Reuters Investigates Jihad Jane: From abused child to American...

Sun, 09 Dec, 2012 - (10:01)

Jihad Jane: The order to kill - Reuters Investigates Jihad Jane: The order to kill - Reuters...

Mon, 10 Dec, 2012 - (10:39)