Core Viewpoint - Wells Fargo is experiencing renewed investor interest following the removal of the 2018 Federal Reserve asset cap, which is expected to enhance efficiency, growth, and returns as regulatory pressures diminish [1][3]. Group 1: Analyst Insights - Bank of America Securities analyst Ebrahim H. Poonawala maintains a Buy rating on Wells Fargo, increasing the price target from $100 to $107, citing the bank's long-term turnaround potential supported by various catalysts [2]. - Poonawala anticipates a normalized Return on Tangible Common Equity (ROTCE) in the high-teens, which could elevate shares to two times tangible book value [2]. - The analyst projects earnings per share of $7.07 for fiscal 2026 and $8.21 for fiscal 2027, indicating an average annual earnings growth of approximately 15% during this period [3]. Group 2: Financial Projections - Margin expansion, modest balance-sheet growth, and operating leverage are expected to drive profit increases, with efficiency gains projected to reach about 200 basis points by 2027 [4]. - The Common Equity Tier 1 (CET1) capital ratio is expected to trend near 10.25%, down from 11% in Q3 [4]. - Poonawala forecasts ROTCE to reach 17% by 2027 and near 18% by 2028, supported by long-term self-help and scale advantages [5].