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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
Citi Might Face Public Rebuke by Regulators, Resumes Layoffs
by Zacks Equity Research
Citigroup (C) may face a consent order that will make it necessary for the bank to take some immediate action and improve its fault controlling systems.
Banks Issue Mixed Views for Q3, Revenues Likely to be Stellar
by Priti Dhanuka
Big banks -- Wells Fargo (WFC), Citigroup (C), Fifth Third (FITB) and Huntington (HBAN) -- announce Q3 and FY20 guidance.
Wells Fargo (WFC) Stock Sinks As Market Gains: What You Should Know
by Zacks Equity Research
Wells Fargo (WFC) closed at $23.84 in the latest trading session, marking a -0.54% move from the prior day.
JPMorgan Probes Staffs' Engagement in Abuse of Relief Program
by Zacks Equity Research
JPMorgan (JPM) is investigating whether its employees have engaged in the potential abuse of the government stimulus measures like the Paycheck Protection Program.
Berkshire Hathaway Decreases Stake in Wells Fargo to 3.3%
by Zacks Equity Research
Recent ratings outlook downgrade by Moody's, dividend cut and asset cap placed by the Fed led Warren Buffett to cut stake in Wells Fargo (WFC).
Bank Stock Roundup: Treasury Yields Decline, JPMorgan, Wells Fargo in Focus on Restructuring
by Zacks Equity Research
Banking stocks depreciate on investors' concerns over economic growth, which incline them toward safe-haven assets, causing the yield on benchmark 10-year Treasury note to dip.
Wells Fargo (WFC) Stock Moves -0.2%: What You Should Know
by Zacks Equity Research
Wells Fargo (WFC) closed at $24.52 in the latest trading session, marking a -0.2% move from the prior day.
Moody's Affirms Wells Fargo Ratings, Outlook Down to Negative
by Zacks Equity Research
Moody's affirms all the ratings of Wells Fargo (WFC) and its subsidiaries. However, the rating firm's outlook for the bank has been downgraded to "negative" from "stable".
Wells Fargo Taps Young Adults With No-Overdraft Fees Account
by Zacks Equity Research
Wells Fargo (WFC) brings in a new account with no overdraft fees, in line with its strategy to simplify its products and services.
ETFs to Tap Warren Buffett's Investing Ideas as He Turns 90
by Sweta Killa
We have highlighted some ETF picks from the categories that could be compelling choices for investors seeking to bet on the investment ideas of the legendary billionaire and philanthropist.
Wells Fargo (WFC) Gains But Lags Market: What You Should Know
by Zacks Equity Research
Wells Fargo (WFC) closed at $24.69 in the latest trading session, marking a +0.41% move from the prior day.
Bank Stock Roundup: Fed's Policy Shift, Restructuring, JPM, WFC, C in Focus
by Swayta Shah
Low mortgage rates, business restructuring initiatives and greater emphasis on digital offerings are set to support major bank stocks in the quarters ahead.
FDIC-Insured Banks Q2 Earnings Down, Provisions Up on Weak Economy
by Priti Dhanuka
FDIC-insured commercial banks and savings institutions' Q2 earnings negatively impacted by higher provisions and expenses, partly muted by elevated non-interest revenue and loan growth.
Flagstar, J.Jill, Wells Fargo, JPMorgan, Foot Locker and Boot Barn highlighted as Zacks Bull and Bear of the Day
by Zacks Equity Research
Flagstar, J.Jill, Wells Fargo, JPMorgan, Foot Locker and Boot Barn highlighted as Zacks Bull and Bear of the Day
Wells Fargo Resumes Layoffs to Control Costs, Boost Efficiency
by Zacks Equity Research
With an aim of improving profitability and operating efficiency, Wells Fargo (WFC) resumes layoffs early this August.
Bull of the Day: Flagstar Bancorp (FBC)
by Tracey Ryniec
Have you refinanced your mortgage yet?
Zacks Value Trader Highlights: Barrick Gold, Goldman Sachs, Wells Fargo, JPMorgan Chase and Bank of America
by Zacks Equity Research
Zacks Value Trader Highlights: Barrick Gold, Goldman Sachs, Wells Fargo, JPMorgan Chase and Bank of America
Making Sense of Warren Buffett's Coronavirus Stock Moves
by Tracey Ryniec
Berkshire Hathaway sold 7 stocks and reduced holdings on 11 others during the coronavirus crisis in the second quarter. Was there a strategy behind the portfolio trades?
New Refinancing Fee Likely to Hurt Banks' Mortgage Revenues
by Nikita Kataruka
Banks with mortgage banking operations will likely have to bear the consequences of the new refinancing fee introduced by Fannie Mae and Freddie Mac, effective Sep 1.
Zacks Industry Outlook Highlights: Comerica, Wells Fargo & Company, JPMorgan Chase, Bank of America and U.S. Bancorp
by Zacks Equity Research
Zacks Industry Outlook Highlights: Comerica, Wells Fargo & Company, JPMorgan Chase, Bank of America and U.S. Bancorp
Wells Fargo (WFC) Down 0.6% Since Last Earnings Report: Can It Rebound?
by Zacks Equity Research
Wells Fargo (WFC) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
Low Rates, Coronavirus Mar Major Regional Bank Stock Outlook
by Swayta Shah
Near-zero interest rates, worsening asset quality and coronavirus-induced economic slowdown are likely to continue hampering major regional banks' financials in the next few quarters.
The Zacks Analyst Blog Highlights: JPMorgan, Citigroup, Bank of America and Wells Fargo
by Zacks Equity Research
The Zacks Analyst Blog Highlights: JPMorgan, Citigroup, Bank of America and Wells Fargo
Big Banks' Q2 Earnings Scorecard and Future Expectations
by Swayta Shah
Wall Street banking giant JPM, BAC, C and WFC's second-quarter results mainly reflect the adverse impacts of massive reserve builds, as well as lower rates. Management commentary indicates a cautious approach toward economic recovery.
Bank Stock Roundup: FITB, KEY, CMA Beat on Q2 Earnings, RF, COF Incur Losses
by Zacks Equity Research
Huge reserve builds and low rates hurt banks' Q2 results, while fee income provides some respite. Banks are still unsure of the future and refrain from providing detailed guidance.