BUZZ-Wells Fargo expects positive future for U.S. banks post-election

** Brokerage Wells Fargo raises price targets on a host of U.S. banks and upgrades two of them

** Upgrades Morgan Stanley and Comerica to equalweight from underweight citing "possible greater-than-expected short-term tailwinds" and "better prospects for loan growth post-election", respectively

** Wells Fargo says a post-election reduction in regulatory risk can aid banks in areas of capital, expenses and fees

** We estimate more excess capital than before, especially given likely better internal capital generations - Wells Fargo

** Additional mergers (including bank consolidations) and IPO activity is also set to help U.S. banks, the brokerage said

** Wells Fargo also expects greater flexibility by banks to return and deploy capital

The price actions on U.S. banks by Wells Fargo:

Banks New PT Old PT

Bank of America $56 $52

Citigroup $95 $85

Comerica $73 $51

Fifth Third Bancorp $54 $52

J.P. Morgan Chase $270 $240

KeyCorp $22 $20

M&T Bank $205 $190

Morgan Stanley $142 $107

Northern Trust $110 $108

PNC Financial $235 $215

Regions Financial $28 $24

State Street $108 $106

BNY $81 $79

Goldman Sachs $680 $600

Truist Financial $52 $48

U.S. Bancorp $62 $60

Zions $62 $54

Bancorporation

(Reporting by Pritam Biswas in Bengaluru)

((Pritam.Biswas@thomsonreuters.com))