WFC to Release Earnings on October 15

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Wells Fargo (WFC) is scheduled to release earnings on October 15, 2019, before the market opens, and will hold a conference call at 11:00 AM ET on the same day. The stock currently trades at 49.21, which is 8.6% higher than the close following its last reported earnings, trading with a range of 43.34 to 51.41 since that time.

Expected Price Volatility

Currently, option traders are expecting a ± 4.2% move for this earnings, and during the previous earnings release, the stock experienced a -3.0% move. Over the last 12 quarters, the absolute average move has been ± 1.9%, with a minimum move of 0.1% and a maximum move of 3.4%. WFC has only experienced 4 larger-than-expected earnings moves in the last 12 quarters.

Earnings Price Pattern

The MarketChameleon earnings price pattern has detected two notable historical trends.
1 Week After Earnings:For 10 of the last 12 quarters (83%), WFC stock price has gone up in the week following earnings. It has had an average gain of +2.2% during that span.
3 Days After Earnings:For each of the last 5 quarters, the stock price has gone up in the 3 days following earnings. Over that period, it has an average gain of +3.1%.

Earnings Option Strategies

MarketChameleon's option strategy analysis shows that buying the day before earnings had 67% winning occurrences, for an average gain of +59.7%