TD Cowen analyst Steven Alexopoulos lowered the firm’s price target on Wells Fargo (WFC) to $82 from $83 and keeps a Hold rating on the shares. The firm said they reported a 2Q25 core EPS beat, with revenue being reported below forecast, it was a low quality beat driven mostly by a lower tax rate. In fact, the NII guide was lowered with Wells pointing to lower markets related NII.
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