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The Zacks Analyst Blog Highlights: Bank of America, Wells Fargo, Intuit, Dollar General and Lennar Corp
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For Immediate Release
Chicago, IL – May 19, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Bank of America Corporation (BAC - Free Report) , Wells Fargo & Company (WFC - Free Report) , Intuit Inc. (INTU - Free Report) , Dollar General Corporation (DG - Free Report) and Lennar Corporation (LEN - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
Top Analyst Reports for Bank of America, Wells Fargo and Intuit
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Bank of America, Wells Fargo, and Intuit. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Shares of Bank of America have gained +92.4% in the past one-year period against the Zacks Banks - Major Regional industry’s gain of +88.8% and the S&P 500 index's +43% gain in the same time period. This reflects the improved interest rate backdrop and the company's greater leverage to higher interest rates relative to its peers.
The Zacks analyst believes that the company’s first-quarter 2021 results reflected solid capital markets performance, big reserve release and adverse impact of muted loan demand. Further, opening of new branches, enhanced digital offerings, strategic buyouts and efforts to manage expenses will aid profitability in the quarters ahead.
However, low interest rates and no near-term chance of change in the same are expected to keep hurting the bank’s margins and interest income. Also, faltering loan demand poses a concern. But a strong balance sheet and liquidity position are expected to continue aiding its financials. Further, the company will keep enhancing shareholder value through sustained capital deployments.
Shares of Wells Fargo have outperformed the Zacks Banks - Major Regional industry in the last six-month period (+83.1% vs. +50.1%). Additionally, the company’s earnings surprise history is impressive, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters.
The Zacks analyst believes that the company's efforts to enhance compliance and risk-management capability, along with streamlining initiatives, seem encouraging. Also, strong deposits balance depicts robust liquidity position. Declining expenses due to its cost savings efforts might aid bottom-line growth.
However, revenues are affected by low rates and legal hassles pose a concern. Further, restrictions on asset growth placed by Federal reserve have taken a toll on the company's loan growth ability. Nevertheless, it carries less credit risk in case of any economic downturn.
Shares of Intuit have outperformed the Zacks Computer – Software industry in the last one-year period (+46.3% vs. +34.2%). The Zacks analyst believes that Intuit is benefiting from strong momentum in online ecosystem revenues and solid professional tax revenues.
The TurboTax Live offering is also driving growth in the Consumer tax business. Solid momentum in the company’s lending product, QuickBooks Capital, remains a positive. Moreover, the company’s strategy of shifting its business to cloud-based subscription model will help generate stable revenues over the long run.
Nonetheless, Intuit’s near-term prospect looks gloomy as the global lockdown amid the coronavirus crisis has affected small businesses, posing risks to its revenue growth. Additionally, higher costs and expenses due to increased investments in marketing and engineering teams are likely to continue impacting bottom-line results in the near term.
Other noteworthy reports we are featuring today include Dollar General and Lennar Corp.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Bank of America, Wells Fargo, Intuit, Dollar General and Lennar Corp
For Immediate Release
Chicago, IL – May 19, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Bank of America Corporation (BAC - Free Report) , Wells Fargo & Company (WFC - Free Report) , Intuit Inc. (INTU - Free Report) , Dollar General Corporation (DG - Free Report) and Lennar Corporation (LEN - Free Report) .
Here are highlights from Tuesday’s Analyst Blog:
Top Analyst Reports for Bank of America, Wells Fargo and Intuit
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Bank of America, Wells Fargo, and Intuit. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Shares of Bank of America have gained +92.4% in the past one-year period against the Zacks Banks - Major Regional industry’s gain of +88.8% and the S&P 500 index's +43% gain in the same time period. This reflects the improved interest rate backdrop and the company's greater leverage to higher interest rates relative to its peers.
The Zacks analyst believes that the company’s first-quarter 2021 results reflected solid capital markets performance, big reserve release and adverse impact of muted loan demand. Further, opening of new branches, enhanced digital offerings, strategic buyouts and efforts to manage expenses will aid profitability in the quarters ahead.
However, low interest rates and no near-term chance of change in the same are expected to keep hurting the bank’s margins and interest income. Also, faltering loan demand poses a concern. But a strong balance sheet and liquidity position are expected to continue aiding its financials. Further, the company will keep enhancing shareholder value through sustained capital deployments.
(You can read the full research report on Bank of America here >>>)
Shares of Wells Fargo have outperformed the Zacks Banks - Major Regional industry in the last six-month period (+83.1% vs. +50.1%). Additionally, the company’s earnings surprise history is impressive, having surpassed the Zacks Consensus Estimate in three of the trailing four quarters.
The Zacks analyst believes that the company's efforts to enhance compliance and risk-management capability, along with streamlining initiatives, seem encouraging. Also, strong deposits balance depicts robust liquidity position. Declining expenses due to its cost savings efforts might aid bottom-line growth.
However, revenues are affected by low rates and legal hassles pose a concern. Further, restrictions on asset growth placed by Federal reserve have taken a toll on the company's loan growth ability. Nevertheless, it carries less credit risk in case of any economic downturn.
(You can read the full research report on Wells Fargo here >>>)
Shares of Intuit have outperformed the Zacks Computer – Software industry in the last one-year period (+46.3% vs. +34.2%). The Zacks analyst believes that Intuit is benefiting from strong momentum in online ecosystem revenues and solid professional tax revenues.
The TurboTax Live offering is also driving growth in the Consumer tax business. Solid momentum in the company’s lending product, QuickBooks Capital, remains a positive. Moreover, the company’s strategy of shifting its business to cloud-based subscription model will help generate stable revenues over the long run.
Nonetheless, Intuit’s near-term prospect looks gloomy as the global lockdown amid the coronavirus crisis has affected small businesses, posing risks to its revenue growth. Additionally, higher costs and expenses due to increased investments in marketing and engineering teams are likely to continue impacting bottom-line results in the near term.
(You can read the full research report on Intuit here >>>)
Other noteworthy reports we are featuring today include Dollar General and Lennar Corp.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.