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The Zacks Analyst Blog Highlights: Bank of America, PepsiCo, Wells Fargo, T-Mobile and Amgen
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For Immediate Release
Chicago, IL – September 13, 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) , PepsiCo, Inc. (PEP - Free Report) , Wells Fargo & Company (WFC - Free Report) , T-Mobile US, Inc. (TMUS - Free Report) and Amgen Inc. (AMGN - Free Report) .
Here are highlights from Friday’s Analyst Blog:
Top Analyst Reports for Bank of America, PepsiCo and Wells Fargo
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 Corp., PepsiCo, and Wells Fargo & Co. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
Shares of Bank of America have outperformed the Zacks Major Regional Banks industry in the year to date period (+34.7% vs. +29.8%). The Zacks analyst believes that efforts to improve revenue growth, a strong balance sheet and expansion into new markets are some of the major factors that are likely to support Bank of America's near-term growth.
Opening of new branches, enhancing digital capabilities, strategic acquisitions and initiatives to manage costs will keep supporting profitability. The company's robust capital deployment activities will keep enhancing its shareholder value. Lower interest rates and the Federal Reserve's decision to the same unchanged in near term are expected to keep hurting the company's margins though.
PepsiCo shares have gained +18.2% in the past six months against the Zacks Soft Drinks Beverages industry's gain of +13.3%. The Zacks analyst believes that the company continues to gain from brand investments, go-to-market systems, manufacturing capacity and digital capabilities to build competitive advantages.
PepsiCo continued its robust surprise trend for the 10th straight quarter in second-quarter 2021. It witnessed strong revenue growth across developed and developing as well as emerging economies as the impacts related to closures subsided. The beverage industry, however, presents substantial challenges for PepsiCo, primarily related to dynamic retail and consumer landscape, as well as operating and commodity cost inflation.
Shares of Wells Fargo have lost -2.6% in the last three months against the Zacks Major Regional Banks industry's loss of -1.9%, however, the company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in all of the trailing four quarters. The Zacks analyst believes that it continues to benefit from deposit growth, strong capital position and improving credit quality.
Subsequent to the clearance of this year's stress test, the company doubled the dividend for third-quarter 2021 in July. Also, it boosted its share-repurchase authorization to approximately $18 billion for the period between third-quarter 2021 and second-quarter 2022. Declining revenues due to low interest rates and volatile fee income are major headwinds though.
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, PepsiCo, Wells Fargo, T-Mobile and Amgen
For Immediate Release
Chicago, IL – September 13, 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) , PepsiCo, Inc. (PEP - Free Report) , Wells Fargo & Company (WFC - Free Report) , T-Mobile US, Inc. (TMUS - Free Report) and Amgen Inc. (AMGN - Free Report) .
Here are highlights from Friday’s Analyst Blog:
Top Analyst Reports for Bank of America, PepsiCo and Wells Fargo
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 Corp., PepsiCo, and Wells Fargo & Co. 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 outperformed the Zacks Major Regional Banks industry in the year to date period (+34.7% vs. +29.8%). The Zacks analyst believes that efforts to improve revenue growth, a strong balance sheet and expansion into new markets are some of the major factors that are likely to support Bank of America's near-term growth.
Opening of new branches, enhancing digital capabilities, strategic acquisitions and initiatives to manage costs will keep supporting profitability. The company's robust capital deployment activities will keep enhancing its shareholder value. Lower interest rates and the Federal Reserve's decision to the same unchanged in near term are expected to keep hurting the company's margins though.
(You can read the full research report on Bank of America here >>>)
PepsiCo shares have gained +18.2% in the past six months against the Zacks Soft Drinks Beverages industry's gain of +13.3%. The Zacks analyst believes that the company continues to gain from brand investments, go-to-market systems, manufacturing capacity and digital capabilities to build competitive advantages.
PepsiCo continued its robust surprise trend for the 10th straight quarter in second-quarter 2021. It witnessed strong revenue growth across developed and developing as well as emerging economies as the impacts related to closures subsided. The beverage industry, however, presents substantial challenges for PepsiCo, primarily related to dynamic retail and consumer landscape, as well as operating and commodity cost inflation.
(You can read the full research report on PepsiCo here >>>)
Shares of Wells Fargo have lost -2.6% in the last three months against the Zacks Major Regional Banks industry's loss of -1.9%, however, the company has an impressive earnings surprise history, having surpassed the Zacks Consensus Estimate in all of the trailing four quarters. The Zacks analyst believes that it continues to benefit from deposit growth, strong capital position and improving credit quality.
Subsequent to the clearance of this year's stress test, the company doubled the dividend for third-quarter 2021 in July. Also, it boosted its share-repurchase authorization to approximately $18 billion for the period between third-quarter 2021 and second-quarter 2022. Declining revenues due to low interest rates and volatile fee income are major headwinds though.
(You can read the full research report on Wells Fargo here >>>)
Other noteworthy reports we are featuring today include T-Mobile US and Amgen.
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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.