Wells on Zacks 'Buy' List

Zacks.com, a unit of Zacks Investment Research, Chicago, has reported that Wells Fargo & Co. is one of the publicly traded firms on its Brokerage Firm Buy List.Zacks said the list consists of the core stocks recommended by at least three of the top 15 brokerage firms. In its note about Wells Fargo, Zacks termed the company "a very consistent performer" and cited the recent preliminary injunction by a federal court against the California Department of Corporations, which had threatened to pull Wells Fargo Home Mortgage's license to offer home loans in the state. "The ruling was tantamount to a sigh of relief for the company, especially since California is the most populous state," Zacks said. Another company on the list is American International Group, the insurance holding company that is the parent of United Guaranty Corp. Zacks can be found online at http://www.zacks.com.