Atlantic Equities analyst Richard Staite has a less optimistic view on Wells Fargo's prospects this year, and downgraded the shares to a "neutral" rating from "overweight" on Jan. 16, because of expected pressure on the company's mortgage revenue and net interest margin. Please see TheStreet's Short-Term Mortgage Pain Is Long-Term Gain for Banks for more on the industry's margin pressure and the effect of rising long-term rates on banks' mortgage revenue.
-- Written by Philip van Doorn in Jupiter, Fla.
>Contact by Email.Follow @PhilipvanDoorn
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