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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.
What's Next For Facebook (FB) Stock One Month After Its Historic Decline?
by Benjamin Rains
It has been roughly one month since Facebook (FB) reported second-quarter financial results that sent many investors running. So let's evaluate Facebook since its infamous July 25 earnings release.
Wells Fargo (WFC) Continues With Mortgage Operational Layoffs
by Zacks Equity Research
Another round of layoffs for Wells Fargo (WFC) comes into effect, including more than 600 job cuts all over the country, as the banking giant aims to prune costs on declining mortgage market.
Bank Stock Roundup: Fed Minutes, JPMorgan, Wells Fargo & BofA Dominate Headlines
by Zacks Equity Research
Indications of interest rate hike on the back of strong economy and business restructuring efforts by banks remain in focus.
JPMorgan to Lay Off Employees in Asset Management Division
by Zacks Equity Research
The layoffs in the asset management division are part of JPMorgan's (JPM) initiatives to strengthen core operations.
Wells Fargo Sees a Silver Lining in Discrimination Lawsuit
by Zacks Equity Research
Wells Fargo (WFC), which has been embroiled in various lawsuits for more than a year, hopes for a respite.
Wells Fargo to Enter Federal Student Loans Refinancing Market (Revised)
by Zacks Equity Research
Wells Fargo (WFC) plans to expand student loan refinancing products with a view to improve its financials.
Goldman Sachs Might Face Class Action Lawsuit Over CDOs
by Zacks Equity Research
Goldman Sachs (GS) might end up paying a higher settlement amount as a result of the CDO class action lawsuit.
Invest Like Buffett & Berkshire With These Top Stock Picks
by Benjamin Rains
Warren Buffett has for years been looked at as an investment icon, while maintaining a relatively simple mantra. Buffett and Berkshire Hathaway (BRK.B) have long tried to invest in companies that both the Oracle of Omaha and the conglomerate understand. This sounds easy enough, but what are some of Buffett's most recent investments?
Mild Recovery For Turkey's Lira
by Zacks Equity Research
Mild Recovery For Turkey's Lira
Index Futures Jump as Turkish Lira Stages Rebound
by Zacks Equity Research
U.S. stock index futures recorded solid gains ahead of market open on Tuesday as the Turkish lira staged a rebound.
Stock Market News For Aug 14, 2018
by Zacks Equity Research
Markets ended lower on Monday as Turkey???s financial crisis deepened denting investors??? confidence once again, leading to huge selloffs in financial stocks.
Wells Fargo Seeks to Enter Student Loans Refinancing Market
by Zacks Equity Research
Wells Fargo (WFC) plans to enter student loan refinancing market to build relationships with the youth as this might help it lessen the impact of legal involvements.
The Zacks Analyst Blog Highlights: Citigroup, Bank of America, Goldman Sachs, JPMorgan, Morgan Stanley, Wells Fargo, Armstrong Flooring, Bridgepoint, Summer Infant, BG Staffing and Atlantic Power
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Citigroup, Bank of America, Goldman Sachs, JPMorgan, Morgan Stanley, Wells Fargo, Armstrong Flooring, Bridgepoint, Summer Infant, BG Staffing and Atlantic Power
How Worried Should Investors Be About Facebook (FB) Stock?
by Benjamin Rains
Facebook (FB) has seen its stock price sink over 13% since it reported second-quarter financial results that highlighted some potentially scary trends.
Turkey Crisis Spills Over to Wall Street: Winners & Losers
by Tirthankar Chakraborty
Trump approves higher tariffs on imports from Turkey, levies a 20% duty on aluminum and 50% on steel, sending lira into a freefall.
BofA Starts Digital-First Approach to Attract More Customers
by Zacks Equity Research
BofA's (BAC) digital-first approach at the time of entering new markets will support its branch expansion and increase use of digitization plans.
Why Facebook's (FB) Banking Push Should Scare Investors
by Benjamin Rains
Shares of Facebook (FB) popped Monday following a Wall Street Journal report that the social media company asked banking giants for detailed financial information about their customers in an effort to offer more services and boost user engagement. Facebook's move could spark more data security concerns and highlights the firm's user growth problem.
Wells Fargo (WFC) Faces Probe for Improper Home Foreclosures
by Zacks Equity Research
Wells Fargo (WFC) undertakes restructuring of Wholesale unit while disclosing a new inquiry related to modifications in mortgage loans.
Wells Fargo (WFC) Closes Auto Lending Segment's Asset Sales
by Zacks Equity Research
Wells Fargo (WFC) sells about $1.6 billion in retail auto loans and $360 million in commercial loans to Popular's banking arm, Banco Popular de Puerto Rico, per all-cash deal announced in February.
Wells Fargo Enters Into Settlement With DOJ for RMBS Suit
by Zacks Equity Research
Wells Fargo (WFC) agrees to pay a massive fine without admitting liability of the allegations it has been charged with.
One of Wall Street's Top Analysts Warns Against Trade War
by Chloe Shin
With the trade war looming upon us, Goldman Sachs chief U.S. equity strategist David Kostin warned investors about how it will affect U.S. Companies. According to Kostin, if trade tensions worsen, and a 10 percent tariff were imposed on all U.S. imports, Goldman would lower its 2019 S&P 500 EPS estimate by 15 percent.
Bank ETFs Rise on the Wave of Big Releases
by Sanghamitra Saha
Inside the performance of the financial ETFs in light of big banks' earnings.
Bank Stock Roundup: Q2 Earnings Season Unfolds, JPMorgan, BofA & Citi Top Estimates
by Zacks Equity Research
Investor sentiment upbeat on banks' Q2 earnings, with the major players displaying top-line strength on the back of higher rates and improved trading.
The Zacks Analyst Blog Highlights: Wells Fargo, IBM, Abbott, Texas Instruments and Praxair
by Zacks Equity Research
The Zacks Analyst Blog Highlights: Wells Fargo, IBM, Abbott, Texas Instruments and Praxair
Fifth Third (FITB) Q2 Earnings Top Estimates, Provisions Fall
by Zacks Equity Research
Fifth Third Bancorp's (FITB) second-quarter 2018 results reflect solid growth in loans and deposit balances aiding revenues, partially offset by higher expenses.