Research and Economics

Industry expertise and in-depth company analysis

Our economists, strategists, and analysts collaborate across the capital structure to bring you a holistic view of the opportunities and risks in each of our investment recommendations. Whether it's detailed company analyses, research conferences and forums, or one-on-one investor meetings, our team is committed to serving your needs with unparalleled research capabilities.

Our research professionals cover more than 2,000 securities across every major sector of the economy. When it comes to research, our collaborative approach sets us apart from the competition.

Our analysts, industry conferences, and published reports are continuously recognized and regularly featured in the media.

Our executives

George Bory

Head of Fixed Income Research

George is the head of Fixed Income Research. Over the last decade, he has been ranked by Institutional Investor in both the United States and Europe.

Nicole Black

Head of High Grade Corporate Research, Senior Analyst

Nicole is head of High Grade Corporate Research. She is also the senior fixed income analyst covering the investment grade Telecommunications, Media, and Technology sectors. 

Mike Schumacher

Head of Macro Strategy 

Mike is a managing director and head of Macro Strategy for Wells Fargo Securities. His team is responsible for identifying and articulating opportunities in rate markets.

Chris Ferrara

Co-Head of Equity Advisory

Chris is co-head of Equity Advisory at Wells Fargo Securities where he collaborates with the Research and Equities management teams to optimize focus on research content origination, marketing, and branding.

Tom Carbeau

Co-Head of Equity Advisory

Tom Carbeau is the co-head of Equity Advisory, which is the Equity Research, Institutional Sales and Corporate Access business of Wells Fargo Securities.

Lisa F. Hausner

Director of Global Research Publishing

Lisa is a managing director and joined the Wells Fargo Securities Equity Research group as Director of Equity Publishing in 2000. In 2005, Lisa expanded her role as Director of Global Research Publishing, which includes oversight of the content, quality, and distribution of the integrated research product for the equity, corporate credit, economics, municipals, and strategy groups.

Adam Muro

Head of Research Product Marketing

Adam Muro is a director and the head of Research Product Marketing at Wells Fargo Securities.

Economics

  • 11 economists providing domestic and international economic commentary to assist with business and investment decisions
  • Selection of regularly updated economic reports from GDP growth and interest rate forecasts to U.S. and international economic analysis
  • Routinely present Wells Fargo’s economic message to clients and the media

Equity Research

  • Timely and insightful research on approximately 1000 companies across eight industry sectors
  • 5 senior analysts providing industry overviews, company-specific recommendations, thematic pieces, and instant commentary on industry and company news
  • #3 ranked broker in the 2019 StarMine Analyst Awards from Refinitiv for Stock Picking and Earnings Estimates. The annual awards rank analysts based on the returns of their recommendations relative to industry benchmarks and the accuracy of their earnings forecasts.

Foreign Exchange Research

  • Daily and monthly foreign exchange analysis with a focus on monetary policy, macroeconomics, politics, and currency flows
  • Consistently ranked among the industry's most accurate currency forecasters (Bloomberg)

Investment Grade/High Yield Research

  • 16 senior analysts providing coverage of nearly 1,500 securities
  • Analyst commentary ranges from daily news headlines and flash analyses of corporate announcements to comprehensive industry and company strategic reviews
  • Ranked #2 in Investment Grade Research and #4 in High Yield Research in the 2019 Institutional Investor Fixed Income Research Survey

Market Strategy Research

  • Strategy teams that cover the credit, equity, and rate markets
  • Credit team that focuses on relative value across the credit spectrum, strategy periodicals, in-depth thematic analysis, flash market comments, and index analysis
  • Equity team that provides a top-down perspective on the equity markets and research on topical market themes, macro and sector-specific earnings trends, inter-market dynamics, and a range of technical indicators
  • Rates team that is responsible for analyzing global markets as well as developing and marketing trade ideas to investors and corporate customers

Municipal Research

  • In-depth analysis of municipal markets and specialized commentary on state and local governments, energy, healthcare, higher education, infrastructure, and transportation sectors
  • Special reports focusing on municipal credit strategy and topical themes affecting municipal credit and portfolio strategy
  • Ranked #2 in Toll Roads and #3 in Hospitals in the 2019 Smith's Research & Gradings All-Star Municipal Survey

Strategic Indexing Research

  • Leading index provider for a variety of investable and benchmark indices
  • Specialized equity and fixed income benchmarks to fulfill institutional and retail investors' needs for portfolio benchmarking and performance evaluation

Structured Products Research

  • Comprehensive analysis of the RMBS, CMBS, CLOs, and Consumer ABS markets
  • Reports range from market overviews, relative value analysis, and detailed collateral analysis to commercial property market publications
  • CLO and Cross-Asset teams ranked #1 in the 2019 Institutional Investor Fixed Income Research Survey

Corporate Credit Research – Investment Grade / Leveraged Finance

  • Full coverage of U.S. corporate sector providing coverage of nearly 1,500 securities
  • Analyst commentary ranges from daily news headlines and flash analyses of corporate announcements to comprehensive industry and company strategic reviews
  • Ranked #2 in Investment Grade Research and #4 in High Yield Research in the 2019 Institutional Investor Fixed Income Research Survey

Credit Strategy

  • Establishes, publishes, and markets the firm’s view on corporate credit markets
  • Commentary includes relative value across markets, sectors, companies, and securities, plus technical analysis of global supply and demand across markets
  • Top ranked from 2014-18 by Institutional Investor Fixed Income Research Survey

Macro Strategy

  • Establish, publish, and present Wells Fargo’s view on U.S. rates market – including, Treasuries, Swaps, TIPs, Agencies, SSAs, interest rate options, and volatility
  • Utilize statistical, technical, and fundamental analysis to recommend tactical and longer-term relative and absolute investment ideas
  • Regularly featured and profiled on various news and media channels as the leading voice of Wells Fargo's view on interest rates with nearly 50 appearances in 2019

Wells Fargo Securities Research conferences are among the most widely attended on Wall Street, and bring together industry leaders, top executives, financial sponsors and investors to explore market and sector trends. Industry executives are given the opportunity to present their company's corporate and investment highlights, and each year we help more than 5,000 institutional investors explore these investment opportunities. 

Additionally, we arrange customized one-on-one meetings between management teams and institutional investors.

  • 5th Annual Investment Grade Credit Strategy Roadshow & Conference
  • 23rd Annual Real Estate Securities Conference
  • 11th Annual Energy Fundamentals Forum (MLP)
  • Inaugural Global Financials Forum
  • 11th Annual Industrials Conference
  • 11th Annual Gaming Conference
  • 5th Annual West Coast Energy Conference
  • 2nd Annual Bricks to Clicks Digital Conference
  • 4th Annual Technology Symposium (5G Forum)
  • 4th Annual Technology Services Forum
  • 15th Annual Healthcare Conference
  • 9th Annual Net Lease REIT Forum
  • 3rd Annual Consumer Conference & Beauty Forum
  • 4th Annual Wells Fargo Technology, Media & Telecom Summit
  • 19th Annual Midstream & Utility Symposium

For more information please contact your Wells Fargo Securities representative. 

Please note: Wells Fargo Securities Research conferences and forums are by invitation only. Wells Fargo will review all registrants to confirm eligibility. Invitations may not be transferred. Dates and locations are subject to change.

Economics

  • Top 10 in forecasting in each of the past eleven years (Bloomberg, 2009 – 2019)
  • Award-winning economic commentary (American Economic Association – 2010, 2012, 2013, 2015, 2017, 2018, 2019, 2020)
  • Award-winning economic commentary (National Association for Business Economics – 2010, 2012, 2014, 2016, 2017, 2018, 2019)

Equity Research

  • #3 Broker in StarMine Analyst Awards from Refinitiv (2019)

Fixed Income

  • #1 CLO Research (Institutional Investor, 2019)
  • #1 Cross-Asset Research (Institutional Investor, 2019)
  • #2 Investment Grade Research (Institutional Investor, 2019)
  • #2 Municipal Toll Roads Research (Smith's Research & Gradings, 2019)
  • #3 High Yield Research (Institutional Investor, 2019)
  • #3 in Fixed Income Research Overall (Institutional Investor, 2019)
  • #3 Municipal Hospitals Research (Smith's Research & Gradings, 2019)