Evercore analyst John Pancari maintains $Wells Fargo & Co (WFC.US)$ with a buy rating, and adjusts the target price from $65 to $68.
According to TipRanks data, the analyst has a success rate of 38.9% and a total average return of -6.7% 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 that net interest incomes are anticipated to decline further in the third quarter by an average of 4%, due to delayed deposit repricing coupled with continued, lackluster loan growth, which is likely to surpass fixed asset repricing. Net interest income is only projected to pivot in the second quarter of 2025. Recently, the worry related to charge-offs, notably in credit card and commercial real estate sectors, has lessened, yet banks may still see a continuation of reserve builds.
Anticipated rate reductions have materialized, with expectations for further significant cuts in the near future. While modeling the trajectory for net interest margins (NIM) can present challenges, a rapid pace of rate declines tends to favor the NIM of mid-sized banks. The impact on larger banks, however, tends to vary.
It is anticipated that the third-quarter results for regional banks will signify a consistent fundamental shift that began to form in the previous quarter. It is suggested that downward revisions to earnings per share estimates due to a lower interest rate environment and subdued loan trends could mitigate risks to sector earnings expectations. There is a growing optimism toward the regional banks sector, with the perspective that interest rate cuts could ultimately ease the strain on funding costs, stimulate loan demand, bolster credit conditions, notably in commercial real estate, and offer potential enhancements to the sector's earnings multiples.
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Evercore分析師John Pancari維持$富國銀行 (WFC.US)$買入評級,並將目標價從65美元上調至68美元。
根據TipRanks數據顯示,該分析師近一年總勝率為38.9%,總平均回報率為-6.7%。
此外,綜合報道,$富國銀行 (WFC.US)$近期主要分析師觀點如下:
預計淨利息收入將在第三季度進一步下降平均4%,這是由於延遲的存款重新定價以及貸款增長持續乏善可陳,這可能會超過固定資產的重新定價。淨利息收入預計要到2025年第二季度才會發生變化。最近,與扣款有關的擔憂,尤其是信用卡和商業房地產領域的擔憂有所減輕,但銀行仍可能看到儲備金的持續增加。
預期的減息已經實現,預計在不久的將來會進一步大幅減息。儘管對淨利率(NIM)的軌跡進行建模可能會帶來挑戰,但快速的利率下降往往有利於中型銀行的淨利率。但是,對大型銀行的影響往往各不相同。
預計地區銀行第三季度業績將標誌着前一季度開始的持續基本面轉變。有人認爲,由於較低的利率環境和貸款趨勢疲軟,向下修正每股收益預期可以減輕行業收益預期的風險。人們對地區銀行行業越來越樂觀,認爲減息最終可以緩解融資成本的壓力,刺激貸款需求,提振信貸條件,尤其是商業地產的信貸條件,並有可能提高該行業的收益倍數。
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