Citi analyst Keith Horowitz maintains $Wells Fargo & Co (WFC.US)$ with a hold rating, and adjusts the target price from $63 to $67.
According to TipRanks data, the analyst has a success rate of 75.8% and a total average return of 14.5% 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:
Post Q3 report, Wells Fargo's earnings surpassed expectations due to favorable outcomes in fees, expenses, provision, and tax rate, coupled with the continuation of share buybacks.
The bank's Q3 earnings surpassed expectations. Despite net interest income falling short of consensus by 1%, this was somewhat compensated by increased fee income and stringent expense management. The company's management has also suggested that improved trends in deposit mix shifts and a restructuring of securities are leading the firm towards a more favorable position concerning net interest income.
Following Wells Fargo's Q3 outcomes, there is a positive revision of the EPS estimates for 2025 and 2026, reflecting a 4% increase to the forecasted earnings. The anticipation post Q3 results remains favorable as the fundamental narrative of improvement for Wells Fargo continues, and the management has effectively established a new expectation for Net Interest Income towards the year-end that is more encouraging than initially anticipated.
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