NEW YORK (TheStreet) -- Shares of Wells Fargo (WFC) - Get Report are up 1.02% to $45.47 this morning after Deutsche Bank said the stock is "high quality" and a "reasonable price" following the massive pressure on bank stocks following Brexit.
The firm has a "buy" rating on the stock.
"We need to account for more political risk than we previously thought," Deutsche Bank said of the 12% drop in bank stocks this week, according to Barron's.
The firm added that it prefers high-quality large regional banks like Wells Fargo.
"There's been some concern over sluggish (and poor quality) EPS coming out of 1Q," the firm said in a note cited by Barron's. However, Deutsche Bank added that earnings should improve in the second quarter due to GE revenues, rising mortgage activity and moderating legal costs.
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Separately, TheStreet Ratings rated this stock as a "buy" with a ratings score of A-.
The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, expanding profit margins and attractive valuation levels. TheStreet Ratings feels its strengths outweigh the fact that the company has had lackluster performance in the stock itself.
You can view the full analysis from the report here: WFC
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.