According to Jim Cramer, Wells Fargo’s stock has more in the tank despite downgrades from Wall Street analysts. News Morgan Stanley analysts reduced Wells’ Fargo rating to equal weight from an overweight shopping. They cited a shortage of stock catalysts now that Wells Fargo’s $1.95 trillion asset cap has been lifted. “We were [overweight] Morgan Stanley heads towards the removal of Asset Cap and sees it as an underrated catalyst to speed up EPS growth. [overweight] Analysts also argued Wells Fargo was “not a beneficiary” of interest rate cuts. That would mean a lower rise in banks’ net interest income (NII), they said. In December, Morgan Stanley raised the price of Fargo’s shares from $87 per share. Management talks about a more mitigated growth outlook, but considers it a meaningful opportunity given the shortage of bond supply, where Wells is bringing. The analyst writes. Wells Fargo shares fell 1% following Monday’s call, but fell 1% following Monday’s call, but continue to grow more than 20% each year. In 2025, we will beat the 13% advance payment of the S&P 500 in 2025. Under Schaaf’s leadership, the bank has expanded even further than removing its asset caps. Mergers and acquisition advice, as well as performances from WFC YTD Mountain Wells Fargo (WFC). Santomasimo said credit cards will become “meaning contributors” within the next few years. Management revealed this by investing further into the aforementioned fee-based companies and investment banking sectors. [Wells Fargo is] It doesn’t really emphasize the NII. They want to be more paid. “We’re continuing to look at a healthy pipeline of IPOs, and that’s really what they’re pushing, so they’re not the subject of the NII game,” said Jeff Marks, director of portfolio analysis at the Investment Club, during a meeting Monday morning. “Charlie Scharf will have the final laugh there,” Jim said in “Scoke on the Street.” It said its future revenue base will line up this year’s stocks with the KBW Bank ETF. Correction: This story was updated to reflect Morgan Stanley’s new price target means an 11% or more increase since the end of Friday. (Jim Kramer’s Charitable Trust is a long WFC. Jim waits for 45 minutes before buying and selling stocks in the Charitable Trust portfolio. Investment Club is not guaranteed.
