U.S. stock are under pressure in premarket trading Wednesday, with S & P 500 futures down 0.47%.
Revenues at its wealth management division rise 4.6% but fall short of analysts' forecasts, sending shares tumbling by 2.6% in premarket trading.
Morgan Stanley reduces its price target to $600 a share, down from $630, while Citi lowers to $575 a share, from $630.
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