Humilis Investment Strategies CEO Brian Belski picked Wells Fargo & Company (NYSE: WFC ) following the release of quarterly earnings.
Wells Fargo on Tuesday reported first-quarter earnings that came in below Wall Street expectations, despite higher revenue and improved profitability metrics. The bank posted adjusted earnings of $1.56 per share, missing analysts’ estimates of $1.58. Revenue totaled $21.45 billion, also below the $21.77 billion consensus, though it rose 6% from a year earlier, supported by gains in net interest and fee income.
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Joseph M. Terranova, senior managing director for Virtus Investment Partners, recommended iShares MSCI Israel ETF (NYSE: EIS ).
Jim Lebenthal, partner at Cerity Partners, picked Apollo Global Management, Inc. (NYSE: APO ).
Apollo is scheduled to release financial results for the first quarter on Wednesday, May 6, before the opening bell.
Price Action:
Uber shares rose 0.8% to close at $72.91 on Tuesday. Wells Fargo shares dipped 5.7% to settle at $81.70 during the session. iShares MSCI Israel ETF gained 1.8% on Tuesday. Apollo Global shares gained 4.4% to settle at $114.82 during the session.Photo via Shutterstock
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