On Oct 14, major Wall Street analysts update their ratings for $Wells Fargo & Co (WFC.US)$, with price targets ranging from $61 to $75.
Morgan Stanley analyst Betsy Graseck maintains with a buy rating, and adjusts the target price from $67 to $69.
Citi analyst Keith Horowitz upgrades to a buy rating.
Barclays analyst Jason Goldberg maintains with a buy rating, and adjusts the target price from $66 to $75.
Evercore analyst John Pancari maintains with a buy rating, and adjusts the target price from $68 to $71.
Oppenheimer analyst Chris Kotowski maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Wells Fargo & Co (WFC.US)$'s main analysts recently are as follows:
Following Wells Fargo's third-quarter report, it's noted that the company's earnings surpassed expectations. This was attributed to a favorable outcome in fees, expenses, provisions, and tax rate, coupled with the continuation of share buybacks.
The company's Q3 earnings surpassed expectations. Despite the bank's pre-provision net revenue falling slightly short of consensus due to reduced net interest income, this was somewhat mitigated by enhanced fee collection and stringent control over expenses. Moreover, the management highlighted that due to improved deposit mix shift trends and a restructuring of securities, the company is approaching the lowest point of net interest income.
After reviewing Wells Fargo's Q3 outcomes, there is a positive adjustment in the EPS estimates for 2025 and 2026, reflecting an increase to $5.38 and $6.56 from previous estimates. The outlook on the shares remains constructive following the Q3 results, with the view that the company's fundamental narrative continues to be solid. Management has effectively recalibrated expectations for Net Interest Income towards the year-end at levels that are more favorable than initially anticipated.
Here are the latest investment ratings and price targets for $Wells Fargo & Co (WFC.US)$ from 7 analysts:
Note:
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