Why an analyst downgrade of Wells Fargo does not change our conviction in the stock

According to Jim Cramer, Wells Fargo shares have more in the tank despite the fall from the Wall Street analysts. On Monday, the Morgan Stanley analysts reported that Wells Fargo degree from an overweight purchase to equal weight. Wells Fargo referred to the lack of catalysts for the stock, as the asset limit of $ 1.95 trillion was removed. "We [overweight] The wells moving towards the lifting of the asset cover see it as a catalyst for faster EPS growth, Mor Morgan Stanley said. From here we see more limited upside down. [overweight] "Analysts also claimed that the interest rate deductions of Wells Fargo will not be beneficial. This will be less reversed for the Bank's net interest income (NII). In September, the Federal Reserve said in the market guarantee of more federation in the Central Points of the Federation for about nine months. It was reversed from the closing of Friday to $ 95, while the management of the corporate customers, which is fully bending. It fell, but it remains more than 20%. For 2025, it defeats the 13% progress of the S&P 500. The decline of Morgan Stanley is less than four months less than four months, and less than four months after the Fed has removed many for other punishment detection in Wells Fargo. Under the leadership of Scharf, he planned a return plan that lifted the asset limit. Fargo, such as merger and inheritance and first public offers, Fargo, at least after 201's credit cards are not forced to grow long -term services. Santomassimo said credit cards would be a "meaningful contribution" in the coming years. It has been clarified by investing more in the Corporate and Investment Banking Department based on the above mentioned fee. [Wells Fargo is] He doesn't really emphasize Nii. They want to be based on more wages. In the meantime, they want to lead more in the burning capital markets. This is what they really force, so they are not subject to Nii game. In the future, new investors may consider taking stocks this year in accordance with the ETF of the KBW Bank ETF. I guess if you don't have any stocks, you'll probably want to choose it. CNBC TV is 72 hours after being assigned with the existence of trade or our duty on our investment club information and our Privacy Policy.