U.S. Markets closed

The Zacks Analyst Blog Highlights: Bank of America, Capital One Financial, Citigroup and JPMorgan Chase

WPX Energy's (WPX) Q1 earnings are likely to be driven by solid production from Delaware and Williston Basin assets.

For Immediate Release

Chicago, IL – November 19, 2018 – 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 Corp. BAC, Capital One Financial Corp. COF, Citigroup Inc. C and JPMorgan Chase & Co. JPM.

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Friday’s Analyst Blog:

4 Stocks in Focus as A.I. Bots Enter U.S. Financial System

America’s financial industry is making impressive advances to implement artificial intelligence (AI) in its various operations. These initiatives are intended to enable easier machine-assisted functioning and improve performance delivery to its customers.

AI’s assistance in terms of accuracy, efficiency and speed are fundamental necessities for any financial system. Consequently, the ability of machine-learning algorithms to improve themselves based on their study of data and trends with minimal human intervention could benefit financial institutions massively.

As more financial firms turn their attention to AI-enabled chat bots and virtual/voice assistants, it would be prudent to keep a few financial stocks in your watch-list. Notably, we are focusing on those that could significantly benefit from the growing prospects of AI implementations in America’s financial industry.

Financial Services Witnessing AI Revolution

Companies worldwide are adapting newer, more-complex business models to perform their day-to-day operations. Since this often involves faster monetary transactions, financial services firms need to increasingly focus on creating improved customer experiences.

The improvement in customer services on a larger scale demands efficiency and accuracy. It also requires the ability to interpret personal data effectively, qualities only AI technologies can provide.

Per a Narrative Science report, AI could help customers take the right financial decisions based on augmented recommendations. Specific apps such as Simple and Moven allow users to track their spending and increase savings. This is accomplished via personalized, automated recommendations through a specialized debit card linked to the apps.

AI-Powered Assistance Could be the Differentiator

According to Nigel Rayner, research firm Gartner’s vice president: “By 2020, embedded AI will become a key differentiating factor in finance systems evaluations, and vendors with this capability will be able to highlight greater functional advantages.”

AI-powered assistance could range from simple customer support to complex algorithm implementations such as robo advisors. These are online wealth management services entirely automated and operating by virtue of its underlying algorithm alone without human help.

Asset/investment management, portfolio management, natural language processing and fraud detection and anti-money laundering are other areas where artificial intelligence could help ease operations.

Stocks in Focus

We have hand-picked a few financial stocks for you to monitor as these have already implemented AI into their operations or are currently working on it.

Bank of America Corp.is one of the world's leading financial institutions. The bank carries a Zacks Rank #3 (Hold) and its Zacks Consensus Estimate for earnings has risen 1.1% for the current year in the last 60 days.

Bank of America uses Erica, an AI-powered chat assistant to assist its 25 million mobile clients.

Capital One Financial Corp.is a financial holding company. The financial firm carries a Zacks Rank #2 (Buy) and its Zacks Consensus Estimate for earnings has increased 2.6% for this year in the past two months.

Capital One launched its text-based virtual assistant called Eno earlier this year. The company claims that Eno can study and learn individual consumer behavior and adapt itself according to personal needs over time.

You can see the complete list of today’s Zacks #1 Rank stocks here.

Citigroup Inc.is a global financial services company. The bank carries a Zacks Rank #2 and its Zacks Consensus Estimate for earnings has advanced 1.8% for the current year in the last 60 days.

Citi bank has launched its first chatbot called Citi Bot SG for Facebook Messenger in Singapore, an AI-enabled chat assistant to assist its Singaporean clients ahead of a wider implementation worldwide.

JPMorgan Chase & Co.is a financial services firm. The company carries a Zacks Rank #2 and its Zacks Consensus Estimate for earnings has risen 1.4% for 2018 in the past two months.

JPMorgan Chase is currently working on its new AI-enabled virtual assistant that it plans to launch next year.

Today's Stocks from Zacks' Hottest Strategies

It's hard to believe, even for us at Zacks. But while the market gained +21.9% in 2017, our top stock-picking screens have returned +115.0%, +109.3%, +104.9%, +98.6%, and +67.1%.

And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - 2017, the composite yearly average gain for these strategies has beaten the market more than 19X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.

See Them Free>>

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Strong Stocks that Should Be in the News

Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has nearly tripled the market from 1988 through 2015. Its average gain has been a stellar +26% per year. See these high-potential stocks free >>.

Follow us on Twitter: https://twitter.com/zacksresearch

Join us on Facebook: https://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339



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.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
JPMorgan Chase & Co. (JPM) : Free Stock Analysis Report
Citigroup Inc. (C) : Free Stock Analysis Report
Bank of America Corporation (BAC) : Free Stock Analysis Report
Capital One Financial Corporation (COF) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research