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MARKETS LIVE BLOG:

STOCKS SLIP WITH MIDEAST TENSIONS, EARNINGS IN PLAY

Oil pares losses as traders anticipate Israel's response to Iranian attack

Get Ready For Wells Fargo Earnings, It Could Change Everything

Stefan Cheplick

Wells Fargo is expected to report earnings on Friday morning at 8:00 AM.

Everyone will be watching.

It is one of the first major banks to report second quarter earnings. Depending on what they say, the market could take a vicious swing in either direction.

On StockTwits, Wells Fargo $WFC has been a top trending ticker since Thursday evening. Here are 3 things to know before they report:

1.) The markets are in a familiar situation:

Screen Shot 2014-07-10 at 9.13.36 PM
Screen Shot 2014-07-10 at 9.13.36 PM

2.) Wells Fargo has recorded 10 consecutive earnings beats. They have not missed in more than 2 years:

Screen Shot 2014-07-10 at 9.15.26 PM
Screen Shot 2014-07-10 at 9.15.26 PM

3.) Wells Fargo is currently the largest bank in the world by market cap. It has also been one of the best performing banks since the Financial Crisis bottomed in 2009:

Screen Shot 2014-07-10 at 9.33.58 PM
Screen Shot 2014-07-10 at 9.33.58 PM

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