Interactive Brokers Earns Wells Fargo's Top Large-Cap Broker Pick

Wells Fargo initiated coverage on 24 financial-sector companies, including brokers, asset managers and exchanges. It named Interactive Brokers (IBKR) its top large-cap broker pick and assigned the company an Overweight rating.

Wells Fargo also highlighted Ares Management (ARES), Tradeweb (TW), SEI Investments (SEIC) and StepStone (STEP) as top picks in their respective categories. The bank favored companies it believes are well positioned for the upcoming earnings season.