Nomura Securities Maintains a 'Neutral' on Wells Fargo (WFC); Topping Off the Top Line

Nomura Securities maintains a 'Neutral' on Wells Fargo (NYSE: WFC) price target of $29.00.

Nomura analyst, Brian Foran, said, "Wells Fargo’s 4Q EPS was slightly ahead of consensus. Revenues were better than expected and top-line beats are a rare commodity in financials right now. Moreover, the net interest margin came in better than expected, and there is evidence of market share gains, particularly in the big ongoing non-interest bearing deposit flows. The only knocks: a) one-time gains helped revenue, b) credit flattened out, and c) consensus EPS already has a big ramp in 2012."

For an analyst ratings summary and ratings history on Wells Fargo click here. For more ratings news on Wells Fargo click here.

Shares of Wells Fargo closed at $29.61 yesterday.

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