With the CEO out, Wells Fargo (WFC) will no doubt throw all types of charges into the quarterly results. More importantly, the guidance for Q4 will no doubt be weak as the bank loses customers and cuts back on selling efforts. As for Q3, analyst estimates sit at $1.02. The large bank typically reports around the consensus, but the expectation is that Wells Fargo could actually miss this time. The bank earned $1.05 last Q3 so the expectations are for a reduction from last year. Most importantly, analysts expect the bank to earn $1.01 in Q4. Those numbers have to be under pressure. Continue to avoid the stock as the bank kitchen sinks the Q3 results and Q4 guidance. A bank like JPMorgan Chase (JPM) remains a better option in the sector without all the fallout from the scandal. Disclaimer: No position