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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.
BofA (BAC) to Exit Association With Private Prison Companies
by Zacks Equity Research
Bank of America (BAC) decides to stop providing finance to the companies that run private prisons and detention centers in the United States.
Online Brokers Down on Disappointing Near-Term Prospects
by Swayta Shah
Prospects of online brokers - Schwab (SCHW), TD Ameritrade (AMTD) and E*TRADE (ETFC) - look dismal due to a number of factors that are weighing on investors' sentiments.
Top Analyst Reports for JPMorgan, Wells Fargo & Duke Energy
by Mark Vickery
Today's Research Daily features new research reports on 16 major stocks, including JPMorgan (JPM), Wells Fargo (WFC) and Duke Energy (DUK).
18 Participating Banks Emerge Triumphant in Stress Test 2019
by Priti Dhanuka
The Federal Reserve releases the Dodd-Frank Act supervisory stress test 2019 (DFAST 2019) results which reflect the stability of the banking system.
Wells Fargo (WFC) Stock Sinks As Market Gains: What You Should Know
by Zacks Equity Research
In the latest trading session, Wells Fargo (WFC) closed at $45.65, marking a -0.98% move from the previous day.
Citigroup Announces Restructuring of Sales and Trading Unit
by Zacks Equity Research
Citigroup's (C) restructuring and streamlining efforts, along with its strategic investments in core business, should bode well for the long term.
Wells Fargo (WFC) to Divest Majority Interest in Eastdil
by Zacks Equity Research
Wells Fargo (WFC) plans to close divesture of majority ownership in Eastdil Secured in fourth-quarter 2019.
Hercules Capital (HTGC) Prices Public Offering of 5M Shares
by Zacks Equity Research
Hercules Capital (HTGC) prices a public offering of 5 million shares of its common stock for $12.64 per share.
Wells Fargo (WFC) Outpaces Stock Market Gains: What You Should Know
by Zacks Equity Research
In the latest trading session, Wells Fargo (WFC) closed at $45.18, marking a +0.6% move from the previous day.
Wells Fargo Proposes to Settle Auto Insurance Case for $386M
by Zacks Equity Research
Wells Fargo (WFC) continues to make efforts to settle a two-year old lawsuit in order to concentrate more on the core business.
Wells Fargo (WFC) Gains But Lags Market: What You Should Know
by Zacks Equity Research
In the latest trading session, Wells Fargo (WFC) closed at $45.92, marking a +0.13% move from the previous day.
Wells Fargo (WFC) to Overhaul Commercial Banking Business
by Zacks Equity Research
Wells Fargo (WFC) simplifies Commercial Banking unit in order to have leaders working closer to customers.
The Swiss Watch of Finance: Where Fed Rate-Cut Odds Come From
by Kevin Cook
Fed funds probabilities are built on much more than a Vegas-style prediction market.
JPMorgan (JPM) to Expand Into Georgia, Open 40 Branches
by Zacks Equity Research
JPMorgan's (JPM) plan to expand into newer areas by opening retail branches will support revenue growth over the long run.
Yield Curve Inverts Again: What Does This Mean for Banks?
by Swayta Shah
Inversion of yield curve, which indicates impending slowdown in economy or recession, is bad news for banks. It not only hurts interest income but also may affect financials.
Wells Fargo (WFC) Stock Moves -0.24%: What You Should Know
by Zacks Equity Research
In the latest trading session, Wells Fargo (WFC) closed at $45.48, marking a -0.24% move from the previous day.
Noodles & Company, Wells Fargo, Veeva Systems, Workday and Palo Alto Networks highlighted as Zacks Bull and Bear of the Day
by Zacks Equity Research
Noodles & Company, Wells Fargo, Veeva Systems, Workday and Palo Alto Networks highlighted as Zacks Bull and Bear of the Day
Bear Of The Day: Wells Fargo (WFC)
by Daniel Laboe
Wells Fargo (WFC) has been through the wringer over the last 2 and a half years, with their name consistently in news headlines associated with scandals and fraudulent activity.
Should Value Investors Choose Wells Fargo (WFC) Stock Now?
by Zacks Equity Research
Let's see if Wells Fargo (WFC) stock is a good choice for value-oriented investors right now from multiple angles.
Wells Fargo (WFC) Stock Moves -0.42%: What You Should Know
by Zacks Equity Research
Wells Fargo (WFC) closed the most recent trading day at $45.51, moving -0.42% from the previous trading session.
Are You Looking for a High-Growth Dividend Stock? Wells Fargo (WFC) Could Be a Great Choice
by Zacks Equity Research
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Wells Fargo (WFC) have what it takes? Let's find out.
Stock Buyback Frenzy: Was This An Effective Use of Capital?
by Daniel Laboe
A record number of firms were repurchasing their own shares off the public market in an attempt to utilize cash effectively. Was this the most effective use of the economies surge in corporate cash?
Wells Fargo's New CEO Candidate to be Reviewed by Regulators
by Zacks Equity Research
Well Fargo's (WFC) search for new CEO gets further complicated as regulators plan to review the candidates.
Stock Buyback Frenzy: How This Will Effect You
by Daniel Laboe
Corporate stock repurchases are at all-time highs with high cash-flows, and low Q4 valuations being a key catalyst.
Stock Buyback Frenzy: May Be Adverse To Long-Term Objectives
by Daniel Laboe
Stock buybacks have been prolific in the past 15 months. This aggressive repurchase strategy might not be as beneficial as the market wants us to believe.