Market Overview

Morgan Stanley Sees Strong Underwriting Driving Lower Loan Losses For Wells Fargo & Co.

Share:
Related WFC
Market Update: Thursday's Mid-Day Market Movers: GM Tops Projections, Morgan Stanley On Oil; SanDisk, Inotek, Flotek, Del Frisco's And More
Financial Sector ETFs Reach For New Highs
A Dividend Growth Stock Portfolio For July 27, 2015 (Seeking Alpha)

In a report published Wednesday, Morgan Stanley analyst Betsy L. Graseck reiterated an Equal-Weight rating and $53.00 price target on Wells Fargo & Co. (NYSE: WFC).

In the report, Morgan Stanley noted, “EPS up 1% in 2015 on better credit. We believe WFC is well positioned to reach the higher end of ROE and capital return targets by 2015 as credit improves, loan growth accelerates and cross sell drives higher fee growth. We expect 2015 ROA 1.4%, ROE 13.9% and net payout ratio 69%.”

Wells Fargo & Co. closed on Tuesday at $48.96.

Latest Ratings for WFC

DateFirmActionFromTo
Jul 2015Keefe Bruyette & WoodsMaintainsMarket Perform
May 2015SusquehannaMaintainsNeutral
Apr 2015BarclaysMaintainsOverweight

View More Analyst Ratings for WFC
View the Latest Analyst Ratings

Posted-In: Betsy L. Graseck Morgan StanleyAnalyst Color Reiteration Analyst Ratings

 

Related Articles (WFC)

Get Benzinga's Newsletters