Market Overview

UPDATE: Morgan Stanley Downgrades Wells Fargo Company to Equal-Weight

Share:
Related WFC
How Important Are Big Bank Earnings?
Here's How Financials Performed In Q4
Yacktman Fund Trims Financial Empire in 4th Quarter (GuruFocus)

Morgan Stanley reduced its rating on Wells Fargo Company (NYSE: WFC) from Overweight to Equal-weight

Morgan Stanley noted, "Stock approaching fair value… currently trades at 1.1x 2014e P/B on 12% ROE. WFC also has less room to improve its expense ratio versus less efficient peers. We are below consensus on NIM, and expect further downside as securities portfolio re-prices."

Wells Fargo Company closed at $34.96 on Tuesday.

Latest Ratings for WFC

DateFirmActionFromTo
Jan 2017Argus ResearchDowngradesBuyHold
Jan 2017UBSInitiates Coverage OnNeutral
Dec 2016SusquehannaDowngradesPositiveNeutral

View More Analyst Ratings for WFC
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Downgrades Intraday Update Analyst Ratings

 

Related Articles (WFC)

View Comments and Join the Discussion!