Goldman Sachs raised the firm’s price target on Wells Fargo (WFC) to $83 from $77 and keeps a Buy rating on the shares. The firm cites the company’s Q4 earnings beat, noting that while its pre-provision net revenue shortfall was driven by lower core fee income and higher core expense, the stock rose on the results thanks to better-than-expected 2025 net interest income – NII – growth outlook, the analyst tells investors in a research note. Wells Fargo management attributed NII growth to reinvestment of securities into higher-yielding assets, falling deposit costs, deposit growth that should allow replacement of high-cost funding, markets NII growth, and improving loan growth, the firm added.
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