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.

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-- Written by Philip van Doorn in Jupiter, Fla.

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Philip W. van Doorn is a member of TheStreet's banking and finance team, commenting on industry and regulatory trends. He previously served as the senior analyst for TheStreet.com Ratings, responsible for assigning financial strength ratings to banks and savings and loan institutions. Mr. van Doorn previously served as a loan operations officer at Riverside National Bank in Fort Pierce, Fla., and as a credit analyst at the Federal Home Loan Bank of New York, where he monitored banks in New York, New Jersey and Puerto Rico. Mr. van Doorn has additional experience in the mutual fund and computer software industries. He holds a bachelor of science in business administration from Long Island University.

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