Morgan Stanley analyst Betsy Graseck maintains $Wells Fargo & Co (WFC.US)$ with a buy rating, and maintains the target price at $67.
According to TipRanks data, the analyst has a success rate of 46.8% and a total average return of 3.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Wells Fargo & Co (WFC.US)$'s main analysts recently are as follows:
The expectation is for net interest incomes among American banks to persist in their decline into Q3, averaging a 4% decrease. This is anticipated due to delayed deposit repricing and continued modest loan growth, which is likely to more than offset fixed asset repricing. Net interest income is only projected to see an uptick in the second quarter of 2025. Additionally, while concerns regarding charge-offs, especially in the credit card and commercial real estate sectors, have lessened recently, the potential for reserve builds for banks may carry on.
The anticipation of interest rate reductions has been confirmed, with expectations set for a 150 basis point decrease by mid-2025. Despite the challenges in projecting the trajectory for net interest margins (NIM), it's generally believed that a quicker pace of rate cuts could benefit NIM at mid-sized banks, whereas the impact on larger banks presents a more varied outlook.
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