According to Zhichun Finance APP, Morgan Stanley stated that this year, consumer credit in the USA has stabilized, with the default rate dropping to the lowest level in three years. By 2025, as inflation slows, real wages grow positively, interest rates decrease steadily, and lending standards become more reasonable, consumer credit is expected to continue to be supported.

Led by Jeffrey Adelson, Morgan Stanley Analysts stated on Thursday that they also expect a 'positive regulatory backdrop', and the Consumer Financial Protection Bureau (CFPB) in the USA 'may pause regulation'. Adelson stated, 'We now expect that the late fee rules will either be revoked or unable to be adjudicated in court. The CFPB is expected to relax the establishment and enforcement of other rules.'

In response, Morgan Stanley upgraded the stock ratings and Target Prices of credit card companies and loan institutions.

Morgan Stanley has upgraded the rating of $Synchrony Financial (SYF.US)$from 'Shareholding' to 'Shareholding', and the Target Price has been raised from $40 to $82, as the latest CFPB regulations are expected not to be implemented.

Morgan Stanley has upgraded the rating of $Bread Financial (BFH.US)$The Target Price has been raised from $35 to $76 because the institution believes that the late payment fee rules will not be implemented.

Based on the latest PE forecast, Morgan Stanley will$Ally Financial (ALLY.US)$the Target Price has been raised from $41 to $42,$American Express (AXP.US)$the Target Price has been raised from $252 to $305,$SLM Corp (SLM.US)$the Target Price has been raised from $26 to $32.

Morgan Stanley has upgraded the rating of $SoFi Technologies (SOFI.US)$raised the Target Price from $7.50 to $13, as the trading volume of SoFi increases, and fee income is expected to grow.

However, Morgan Stanley has$Rocket (RKT.US)$lowered the Target Price from $16 to $13, "reflecting that mortgage rates remain high at 6%, and the outlook is quite uncertain."

Morgan Stanley has upgraded the rating of $UWM Holdings (UWMC.US)$The Target Price has been lowered from $7.50 to $6.50, also due to mortgage rates remaining above 6%, which reduces certainty.

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