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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
Stock Market News for Nov 20, 2020
by Zacks Equity Research
U.S. stock markets closed higher on Thursday on hopes of restarting of Congressional negotiations for a fresh tranche of fiscal stimulus.
The Zacks Analyst Blog Highlights: Bank of America, Broadcom, Lowe's, Wells Fargo and Duke Energy
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Bank of America, Broadcom, Lowe's, Wells Fargo and Duke Energy
Wells Fargo (WFC) Offers Secure Virtual Card Payments System
by Zacks Equity Research
Wells Fargo (WFC) launches a secure online payments system for corporate clients, with an aim to ensure smooth transactions. The service will be available to WellsOne Commercial Card customers.
BofA's (BAC) Ratings Affirmed by Moody's, Outlook Stable
by Zacks Equity Research
BofA's (BAC) ratings and outlook affirmation by Moody's reflects solid balance sheet position, prudent cost management, focus on digitizing operations and business diversification efforts.
Top Research Reports for Bank of America, Broadcom & Lowe's
by Sheraz Mian
Today's Research Daily features new research reports on 16 major stocks, including Bank of America (BAC), Broadcom (AVGO) and Lowe's Companies (LOW).
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 $25.06, marking a +0.08% move from the previous day.
Goldman (GS) to Commence Second Round of Layoffs This Year
by Zacks Equity Research
With an aim of improving profitability and operating efficiency, Goldman (GS) will likely kick off the second round of layoffs with the termination of hundreds of jobs in various divisions.
Wells Fargo (WFC) Might Sell Private-Label Card Offering Unit
by Zacks Equity Research
Wells Fargo (WFC) might divest its store-branded credit cards offering business to focus on core operations.
FSB Issues the 2020 G-SIB List: Are Banks Less Risky Now?
by Nikita Kataruka
JPMorgan (JPM) slipped to join Citi (C) and HSBC (HSBC) on the 2020 G-SIB list. Goldman Sachs (GS) and Wells Fargo (WFC) dropped to the lowest bucket on the list.
Top Stock Reports for Coca-Cola, Merck & Honeywell
by Mark Vickery
Today's Research Daily features new research reports on 16 major stocks, including Coca-Cola Company (KO), Merck (MRK) and Honeywell International (HON).
The Zacks Analyst Blog Highlights: JPMorgan Chase, Bank of America, Citigroup, Wells Fargo and Prosperity Bancshares
by Zacks Equity Research
The Zacks Analyst Blog Highlights: JPMorgan Chase, Bank of America, Citigroup, Wells Fargo and Prosperity Bancshares
Here's Why JPM, BAC, C, WFC and Other Bank Stocks are Soaring
by Swayta Shah
The coronavirus vaccine-related news by Pfizer (PFE) will have positive financial implications on banks. So, almost all banks - big/small like JPMorgan (JPM), BofA (BAC), Citi (C), Wells Fargo (WFC), Webster (WBS) and Prosperity (PB) - have been rallying.
Goldman (GS) to Meet Strategic Targets, Remains on Track
by Zacks Equity Research
Goldman (GS) optimistic about the bank's plan of meeting strategic targets laid out this January.
Deutsche Bank (DB) Continues Revamping, To Sell IT Unit to TCS
by Zacks Equity Research
Per Deutsche Bank (DB) and Tata Consultancy Services' (TCS) latest deal, the former will sell its technology services unit, Postbank Systems AG, to the latter.
Wells Fargo (WFC) Might Halt Pay Raises to Save Expenses
by Zacks Equity Research
With an aim to improve profitability and operating efficiency, Wells Fargo (WFC) is planning to freeze salary hike for the company's top earners.
Fee Income Supports Big Banks' Q3 Earnings: What's Next?
by Swayta Shah
In Q3, big banks - JPMorgan (JPM), BofA (BAC), Citigroup (C) and Wells Fargo (WFC) - benefit substantially from fee income. A similar trend is likely to continue over the next few quarters as the economy revives gradually.
Bank Stocks Tank on Sharp Fall in Treasury Yields, Uncertainty
by Priti Dhanuka
Bank stocks plummet on sharp fall in Treasury yields, bucking the rally in the broader market.
8 Big Banks in Murky Waters, To Face U.S. Cities' Allegations
by Priti Dhanuka
Eight big U.S. banks likely to be slapped with charges for allegedly conspiring and colluding information on a particular type of tax-exempt municipal bond -- VRDOs.
Wells Fargo (WFC) Mulling Sale of Asset Management Business
by Zacks Equity Research
Wells Fargo (WFC) might divest its asset management business to focus on core operations.
Regions (RF) Q3 Earnings Beat Estimates on Higher Revenues
by Zacks Equity Research
Regions' (RF) Q3 performance reflects higher revenues, partly offset by rise in provisions and expenses.
CIT Group (CIT) Stock Up on Q3 Earnings Beat, Merger Deal
by Zacks Equity Research
CIT Group (CIT) witnesses improvement in revenues along with a rise in provisions and expenses in the third quarter of 2020.
Ally Financial (ALLY) Stock Gains 2.7% on Q3 Earnings Beat
by Zacks Equity Research
Ally Financial (ALLY) records a rise in revenues and lower provisions in the third quarter of 2020.
Earnings & Stimulus in Focus
by Neena Mishra
Stocks ended a volatile week with small gains.
BNY Mellon (BK) Earnings Beat in Q3, Revenues Decline Y/Y
by Zacks Equity Research
BNY Mellon (BK) witnesses a decline in revenues and higher expenses in the third quarter of 2020.
Bank Stock Roundup: Q3 Earnings Season Unfolds, JPM, WFC & C Top Estimates
by Zacks Equity Research
Low rates hurt banks' Q3 results, while fee income provides some respite. Banks are still unsure of the future and have not issued detailed guidance.