How To Earn $500 A Month From Wells Fargo Stock Ahead Of Q3 Earnings

Wells Fargo & Company (NYSE:WFC) will release earnings results for its third quarter before the opening bell on Friday, Oct. 11.

Analysts expect the San Francisco-based bank to report quarterly earnings at $1.28 per share, down from $1.48 per share in the year-ago period. Wells Fargo projects to report revenue of $20.41 billion for the recent quarter, according to data from Benzinga Pro.

Some Wells Fargo investors may be eyeing potential gains from the company's dividends. Wells Fargo currently offers an annual dividend yield of 2.78%. That’s a quarterly dividend of 40 cents per share ($1.60 a year).

To figure out how to earn $500 monthly from Wells Fargo, we start with the yearly target of $6,000 ($500 x 12 months).

Next, we take this amount and divide it by ...

Full story available on Benzinga.com