DPST

Wells Fargo upgrades Industrials and Banks as the broader markets struggle

Wells Fargo upgrades Industrials and Banks as the broader markets struggle. The bank says it has made a strategic adjustment to its portfolio to align with current market conditions. Wells Fargo says it upgraded both the industrials sector and banking sector. The two sectors have seen recent price action in recent months.

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Direxion Daily Regional Banks Bull 3X Shares Experiences Big Outflow

Wells Fargo is bullish on the banking sector and upgrades the segment to outperform

Wells Fargo's equity research team upgraded its rating on U.S. Banks to outperform. Wells Fargo is bullish on the banking sector and upgrades the segment to outperforms. The financial institution noted that banks are trading at a significant discount and in oversold conditions.

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Bank stocks: most big U.S. lenders outpacing S&P 500’s YTD gain ahead of Q2 results

Bank stocks: most big U.S. Lenders outpacing S&P 500’s YTD gain ahead of Q2 results. Shares of most of a group of big banks have outstripped the S&p 500's advance this year. JPMorgan Chase and Wells Fargo will release their second-quarter results Friday. The S& p 500 Banks index has risen 19% this year and 17% in 2024.