12:05 PM EDT, 04/14/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:
With higher inflation expectations and a weakening low-end consumer, we cut our 12-month target price by $10 to $108, representing 13.3x our 2027 EPS estimate, above the five-year historical average of 11.5x, given the removal of the bank's asset cap. We raise our 2026 EPS view by $0.08 to $7.05 and increase 2027's by $0.23 to $8.13. Commentary during the Q1 earnings call disappointed as management highlighted that recent margin headwinds will likely persist through Q2. However, with WFC closing its final outstanding consent order last month, the bank is well-positioned to capture market share by pursuing low-hanging fruit. Encouraging momentum has emerged in loan balances, with loan growth accelerating for six consecutive quarters (+10% Y/Y in Q1), while deposit growth (+6%) reached its highest level since 2021. We expect this trajectory to continue and are encouraged by WFC's strategic expansion into high-yielding credit card loans, including the launch of two new travel-focused rewards cards in Q1.