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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.
BNY Mellon (BK) Rides on High Rates Despite Expense Woes
by Zacks Equity Research
BNY Mellon (BK) remains well-placed for top-line growth, given a solid balance sheet, high rates and business transformation efforts. However, rising expenses and fee-income concentration are woes.
Are You Looking for a Top Momentum Pick? Why Wells Fargo (WFC) is a Great Choice
by Zacks Equity Research
Does Wells Fargo (WFC) have what it takes to be a top stock pick for momentum investors? Let's find out.
Is VanEck Morningstar Wide Moat ETF (MOAT) a Strong ETF Right Now?
by Zacks Equity Research
Smart Beta ETF report for MOAT
Synovus (SNV) to Sell RWA & Reposition Securities Portfolio
by Zacks Equity Research
Synovus (SNV) plans to reduce risk-weighted assets by $2-$2.4 billion in second-quarter 2024 and sell available-for-sale securities with a book value of $1.6 billion.
Investors Heavily Search Wells Fargo & Company (WFC): Here is What You Need to Know
by Zacks Equity Research
Zacks.com users have recently been watching Wells Fargo (WFC) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Truist (TFC) Closes TIH Sale, Repositions Balance Sheet
by Zacks Equity Research
Truist (TFC) completes the sale of its subsidiary, TIH, and executes a balance sheet repositioning strategy. Driven by these, the company's 2024 total revenues will be higher than previously expected.
JPMorgan (JPM) to Recognize $8B Gain From Visa Share Exchange
by Zacks Equity Research
JPMorgan (JPM) tenders its 37.2 million shares of Visa Class B-1 common stock in exchange for a combination of Visa Class B-2 common stock and Visa Class C common stock.
4 Reasons to Add Wells Fargo (WFC) Stock to Your Portfolio
by Zacks Equity Research
Wells Fargo (WFC) is well-poised to gain from decent liquidity and balance sheet position. Also, cost-efficiency initiatives support bottom-line growth.
Zacks Industry Outlook Highlights Wells Fargo and Northern Trust
by Zacks Equity Research
Wells Fargo and Northern Trust have been highlighted in this Industry Outlook article.
Earnings Estimates Rising for Wells Fargo (WFC): Will It Gain?
by Zacks Equity Research
Wells Fargo (WFC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
2 Major Regional Banks to Buy on High Rates, Economic Growth
by Swayta Shah
While high funding costs and deteriorating asset quality will hurt Zacks Major Regional Banks, higher rates, modest loan demand, solid economic growth and business restructuring efforts are likely to offer support to industry players like Wells Fargo (WFC) and Northern Trust (NTRS).
The Zacks Analyst Blog Highlights Crane, Spotify, Wells Fargo, Westinghouse Air Brake and Gold Fields
by Zacks Equity Research
Crane, Spotify, Wells Fargo, Westinghouse Air Brake and Gold Fields are included in this Analyst Blog.
Wells Fargo and Hertz Global have been highlighted as Zacks Bull and Bear of the Day
by Zacks Equity Research
Wells Fargo and Hertz Global have been highlighted as Zacks Bull and Bear of the Day.
Bull of the Day: Wells Fargo (WFC)
by Andrew Rocco
Despite the turmoil in the financial sector, Wells Fargo has been a rock. The company's stability, robust balance sheet, and relative strength foreshadow an attractive investment over the next 6-12 months.
5 Solid Stocks to Buy Despite Adverse Economic Data
by Nalak Das
We have narrowed our search to five large-cap stocks with more than 20% returns year to date. These are: WAB, WFC, SPOT, GFI, CR.
Should Invesco Large Cap Value ETF (PWV) Be on Your Investing Radar?
by Zacks Equity Research
Style Box ETF report for PWV
Can Tesla's Earnings Struggle Take Down the "Mag 7"?
by John Blank
The Electric Vehicle Downcycle May Have Broader Consequences.
Wells Fargo & Company (WFC) is Attracting Investor Attention: Here is What You Should Know
by Zacks Equity Research
Wells Fargo (WFC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Should VanEck Morningstar Wide Moat ETF (MOAT) Be on Your Investing Radar?
by Zacks Equity Research
Style Box ETF report for MOAT
Wells Fargo (WFC) is a Great Momentum Stock: Should You Buy?
by Zacks Equity Research
Does Wells Fargo (WFC) have what it takes to be a top stock pick for momentum investors? Let's find out.
Markets Close in the Green; Mag 7 Earnings This Week
by Mark Vickery
With Tesla (TSLA) reporting Tuesday afternoon, Meta (META) on Wednesday and Microsoft (MSFT) and Alphabet (GOOGL) the following afternoon, we're in strong Mag 7 earnings territory.
Big Tech Muscles In: Global Week Ahead
by John Blank
Earnings from the market's tech and growth heavyweights and another dose of inflation data are on the docket, as investors face a wobbling rally in U.S. stocks and fading expectations that U.S. rates will drop much this year.
Regions Financial (RF) Q1 Earnings Miss Estimates, NII Falls Y/Y
by Zacks Equity Research
Regions Financial's (RF) first-quarter earnings reflect increased non-interest income and deposit balances. However, elevated expenses and a decline in NII are near-term concerns.
Ally Financial (ALLY) Gains on Q1 Earnings Beat, Costs Rise Y/Y
by Zacks Equity Research
Ally Financial (ALLY) records a y/y decline in revenues in the first quarter of 2024.
Texas Capital (TCBI) Q1 Earnings Beat Estimates, NII Falls Y/Y
by Zacks Equity Research
Texas Capital's (TCBI) first-quarter earnings reflect higher loan and deposit balances, alongside lower provisions. However, elevated expenses and a decline in NII are near-term concerns.