Citigroup added to Priority Stock List at Wells Fargo

theflyonthewall.com

Wells Fargo added Citigroup to its Priority Stock List, citing what it sees as the bank's diversified fee revenue streams,ability to realize operating leverage gains, improving capital return, and ability to obtain above average returns from a late stage credit recovery. The firm thinks the stock could jump roughly 40%-50% over the next 1-2 years and it maintains an Outperform rating.

View Comments (0)