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    Jackson Armstrong

    Vice President and Equity Research Analyst at Wells Fargo

    Jackson Armstrong is a Vice President and Equity Research Analyst at Wells Fargo, specializing in the coverage of the financial services sector with a particular focus on regional banks and diversified financial companies. He has covered prominent companies such as Fifth Third Bancorp, KeyCorp, and Huntington Bancshares, contributing to highly regarded investment research and recommendations that have generated consistently positive returns, with an average success rate of approximately 65% according to TipRanks. Armstrong began his career at a boutique investment research firm in 2014 before joining Wells Fargo in 2018, where he has since built a reputation for insightful analysis and thoughtful market commentary. He holds FINRA Series 7, 63, and 86/87 licenses, underscoring his technical credentials and professional standing within the industry.

    Jackson Armstrong's questions to Service Properties Trust (SVC) leadership

    Jackson Armstrong's questions to Service Properties Trust (SVC) leadership • Q1 2025

    Question

    Jackson Armstrong questioned the specific reasons for the shift in the hotel disposition timeline, the risk level of the CapEx program given potential tariffs, the confidence in pursuing net lease acquisitions in the current environment, and the details behind the impairment charge on 16 hotels.

    Answer

    President and CEO Christopher Bilotto stated the disposition timeline shift is a function of the complexity and phased nature of a large portfolio sale, not broader market concerns. He also noted that net lease acquisitions are attractive due to favorable pricing and their role in improving the overall portfolio composition. CFO Brian Donley explained that the 2025 CapEx plan is largely locked in, while future plans will mitigate tariff risks through sourcing and scope adjustments. Donley clarified the impairment was on a specific pool of 15 hotels, and that in aggregate, the company expects to recognize a gain on the sale of the full 114-hotel portfolio.

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    Jackson Armstrong's questions to Xenia Hotels & Resorts (XHR) leadership

    Jackson Armstrong's questions to Xenia Hotels & Resorts (XHR) leadership • Q1 2025

    Question

    Jackson Armstrong from Wells Fargo asked about shifts in the group business mix, particularly regarding government and association segments, and sought clarity on the timeline and potential disruption of deferred capital projects, as well as the portion of the CapEx reduction attributable to the Fairmont Dallas sale.

    Answer

    President and COO Barry Bloom explained their portfolio has low government exposure and remains focused on strong corporate and association group business. Chair and CEO Marcel Verbaas stated deferred projects would likely move to 2026 pending ROI reevaluation, with minimal disruption expected due to scheduling in low-season periods. He also confirmed that over $10 million of the $25 million CapEx reduction was from avoiding planned work at the sold Fairmont Dallas.

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    Jackson Armstrong's questions to DiamondRock Hospitality (DRH) leadership

    Jackson Armstrong's questions to DiamondRock Hospitality (DRH) leadership • Q1 2025

    Question

    Jackson Armstrong of Wells Fargo & Company asked about shifts in consumer behavior, such as booking windows and on-property spending, and inquired about the company's flexibility to cut costs, including current FTE levels.

    Answer

    CEO Jeff Donnelly observed that booking windows are shortening but on-property spend is strong, with F&B revenue at resorts growing in Q1. He confirmed FTE counts are down from pre-pandemic levels but stated they have contingency plans and a hiring freeze, though they are hesitant to cut service while rates are high.

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