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At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +23.68% per year. These returns cover a period from January 1, 1988 through August 5, 2024. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Zacks may license the Zacks Mutual Fund rating provided herein to third parties, including but not limited to the issuer.
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Zacks News
San Francisco-based – Wells Fargo & Company is one of the largest financial services company in the U.S. with $1.95 trillion in assets and more than $1.4 trillion in deposits. The company provides banking, insurance, trust and investments, mortgage banking, investment banking, retail banking, brokerage services and consumer and commercial finance through over 7,200 stores, 13,000 ATMs, the internet and other distribution channels across North America and globally. The company provides its services through three broad segments: Community Banking offers a complete line of diversified financial products and services to consumers and small businesses, including checking and savings accounts, credit and debit cards, and auto, student, and small business lending. Wholesale Banking provides financial solutions to businesses across the United States and globally with annual sales generally in excess of $5 million. Wealth and Investment Management provides a full range of personalized wealth management, investment and retirement products and services to clients across U.S. based businesses.
Wells Fargo (WFC) Gains As Market Dips: What You Should Know
by Zacks Equity Research
Wells Fargo (WFC) closed the most recent trading day at $29.55, moving +1.86% from the previous trading session.
Wells Fargo (WFC) to Divest Private Student Loan Portfolio
by Zacks Equity Research
Wells Fargo (WFC) continues offloading less profitable businesses in order to focus more on core operations and free-up capital for investment in risk management systems.
Fed Unveils 2nd Stress Test Results, Eases Capital Distribution Limits
by Priti Dhanuka
The results of the second round of stress test, following which the Fed eased restrictions on capital deployment by banks, highlight capital adequacy of the banking sector.
Wells Fargo (WFC) Dips More Than Broader Markets: What You Should Know
by Zacks Equity Research
In the latest trading session, Wells Fargo (WFC) closed at $28.64, marking a -1.51% move from the previous day.
Stock Market News for Dec 15, 2020
by Zacks Equity Research
Wall Street closed mixed on Monday as investors remained concerned about recent spike in new COVID-19 cases in the United States and Eurozone.
Wells Fargo (WFC) Asset Management Arm Likely to Attract Bids
by Zacks Equity Research
Wells Fargo's (WFC) asset management unit might attract interest from several asset managers and private equity firms.
The Zacks Analyst Blog Highlights: Roche, Wells Fargo, General Electric, Microsoft and Intuit
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Roche, Wells Fargo, General Electric, Microsoft and Intuit
Bank Stock Roundup: Upbeat Trading Outlook, Treasury Yields Decline, Citi in Focus
by Zacks Equity Research
Over the past five trading days, JPMorgan (JPM) and Citigroup (C) issued their outlooks. Wells Fargo (WFC) & Truist's (TFC) restructuring efforts continue. Capital One (COF), PNC Financial (PNC) and U.S. Bancorp (USB) witness price gains.
Top Stock Reports for Roche, Wells Fargo & General Electric
by Sheraz Mian
Today's Research Daily features new research reports on 16 major stocks, including Roche Holding AG (RHHBY), Wells Fargo & Company (WFC) and General Electric Company (GE).
Citigroup (C) CFO Sees Consent Order as a Multi-Year Strategy
by Zacks Equity Research
Though expenses are expected to rise in 2021, Citigroup's (C) CFO feels that adhering to the requirements of consent order will benefit the bank.
Wells Fargo (WFC) Gains As Market Dips: What You Should Know
by Zacks Equity Research
In the latest trading session, Wells Fargo (WFC) closed at $29.05, marking a +0.38% move from the previous day.
Wells Fargo (WFC) to Continue Remediation Work for Asset Cap Lift
by Zacks Equity Research
Wells Fargo (WFC) CEO believes that the company still has to work on remediation moves to convince the Federal Reserve to lift asset growth cap.
Societe Generale (SCGLY) in Restructuring Mode to Save Costs
by Zacks Equity Research
Societe Generale (SCGLY) comes up with the plan of reducing costs by about 450 million euros ($545 million) annually by combining French retail operations with its Credit du Nord subsidiary.
Goldman (GS) Might Make Florida New Hub for Asset Management
by Zacks Equity Research
Goldman (GS) on track with its strategic targets announced earlier this year for $1.3 billion in cost savings.
Bank Stock Roundup: JPM, WFC & FITB Undertake Business Restructuring Initiatives
by Swayta Shah
Over the past five trading days, JPMorgan (JPM), Wells Fargo (WFC) & Fifth Third's (FITB) restructuring efforts continue. Capital One (COF), PNC Financial (PNC) and U.S. Bancorp (USB) witness price rise, while Citi (C) dips.
Wells Fargo (WFC) Gains As Market Dips: What You Should Know
by Zacks Equity Research
In the latest trading session, Wells Fargo (WFC) closed at $29.16, marking a +1% move from the previous day.
Wells Fargo (WFC) Inks Deal to Divest Centurion Life Insurance
by Zacks Equity Research
Wells Fargo (WFC) continues to offload less profitable business in order to focus more on core operations and free-up capital for investment in risk management systems.
TCF Financial (TCF) Selects Entrust as Instant Debit Card Issuer
by Zacks Equity Research
In order to improve banking experience for customers, TCF Financial (TCF) joins forces with Entrust to provide permanent debit cards instantly at its Midwest banking centers.
FDIC-Insured Banks Q3 Earnings Dip, NIM Shrinks on Low Rates
by Swayta Shah
Low rates and soft loan demand hurt FDIC-insured banks' Q3 earnings. Yet, big names like JPMorgan (JPM), Bank of America (BAC), Citigroup (C), Wells Fargo (WFC) and Truist Financial (TFC) get support from rise in fee income.
JPMorgan (JPM) Plans for 20% Rise in 2020-end Trading Bonus
by Zacks Equity Research
JPMorgan (JPM) plans to increase the 2020-end bonus for its traders by up to 20%, following an impressive trading performance during the year driven by significant market volatility.
Huntington (HBAN) Announces Plan to Upgrade ATM Network
by Zacks Equity Research
Huntington Bancshares (HBAN) is planning to improve its ATM network and provide customers with greater security, speed and flexibility.
Record-Low Mortgage Rates to Keep Supporting Banks in 2021
by Nikita Kataruka
Freddie Mac's (FMCC) Primary Mortgage Market Survey reveals historical low mortgage rates. These are expected to continue supporting mortgage revenues for banks like Wells Fargo (WFC), JPMorgan (JPM) and Hilltop Holdings (HTH).
3 Top Lessons Learned from Buffett's 2020 Portfolio Moves
by Tracey Ryniec
During a global pandemic, Berkshire Hathaway has re-tooled its portfolio. Maybe it's time you do the same?
Zacks Value Trader Highlights: Southwest, JPMorgan, Wells Fargo, Apple and AbbVie
by Zacks Equity Research
Zacks Value Trader Highlights: Southwest, JPMorgan, Wells Fargo, Apple and AbbVie
Stocks Continue to Climb Amid More Positive Vaccine Trial Results
by David Borun
The major indices all gain between 2 and 3% as hopes for an effective Covid-19 vaccine promise a "return to normal."