Jefferies Starts Wells Fargo (WFC) at Buy

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 8/16/2026

1. AMAT
2. SPY
3. GLOB
4. RDDT
5. HTFL
6. SNDK
7. WDAY
8. ADYEN:NA
9. DVLT
10. ADYYF

July 9, 2012 7:08 AM EDT
Get Alerts WFC Hot Sheet
Price: $88.82 +0.81%

Rating Summary:
    28 Buy, 20 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Jefferies initiates coverage on Wells Fargo (NYSE: WFC) with a Buy. PT $39.00.

The firm comments, "Wells delivers above-average ROEs on a strong capital base, and has growth potential even at $1.3 trillion of assets. As for other banks, net interest margin pressure and tough comps in mortgage banking put us modestly below consensus for '13 ($3.55 vs. $3.64). While WFC has closed some of the valuation gap to regional peers, we see upside potential with downside protection."

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 $33.05 yesterday.

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

New Coverage

Related Entities

Jefferies & Co, Wells Fargo