All Posts Tagged With: "WFC"
(XLF) Stock Market News for February 7, 2012 – Market News
After the European leaders urged Greece to adhere to new austerity measures in order to receive the next installment of its bailout package, debt woes returned to the forefront and US markets dropped a few points. Even though markets receded from t multi-year highs, benchmarks...
(GS) Banking on a Turnaround? – Investment Ideas
Can we really have a rally without the financials?
Earnings have been mixed for the financials. Let’s take a deeper look at the players in each segment and see if we can’t come to a consensus as to whether or not a rally can be supported. The Zacks Rank for most...
(BAC) Stock Market News for January 18, 2012 – Market News
The major US indices registered gains to close in the green after a slew of positive economic reports were released at home and in China. A successful debt auction in Europe added to the cheer. However, the gains were limited, as investors’ sentiments were dampened after...
(GS) Earnings Season Hits Full Throttle
Germany paid the lowest interest rate in its history in a two-year bond auction this morning, even as the country lowered its economic growth outlook for 2012. The World Bank also came out with a lowered growth outlook for the global economy this year, but there is hardly...
(MS) Morgan Stanley Analyst Maintains Underperform on Shares
We are reiterating our long-term Underperform recommendation on Morgan Stanley (MS). Though the company’s third-quarter results were significantly ahead of the Zacks Consensus Estimate, there are concerns...
(JPM) JPMorgan Delivers Unlikely Friday the 13th Report
Stocks will find it difficult to sustain their upward drift of recent days in the face of lackluster results from banking bellwether JP Morgan (JPM) and the absence of anything meaningful on the economic...
(MS) Morgan Stanley to Delete Jobs in New York
According to a state filing, Morgan Stanley (MS) intends to lay off 580 workers in New York State due to economic reasons. The company started trimming its workforce since the middle of December on a rolling...
(PMI) European Central Bank Tries Quenching Thirsty Banks
The European Central Bank (ECB) has been overwhelmed by the rush for cheap three-year loans. The demand for these loans has far exceeded expectations — a fact that underscores the difficult times the banking system is...
(XLF) Stock Market News for December 23, 2011 – Market News
Investors received a pre-Christmas gift in the form of encouraging economic data, which led the benchmarks higher on Thursday. The Dow and S&P 500 registered their third-straight finish in the green, but trading volumes continued to be on the low side.
The Dow Jones...
(JPM) GMAC Exits Mortgage Loans
On Friday, GMAC Mortgage, the mortgage origination and servicing operation of Ally Financial Inc., announced that it would stop purchasing mortgage loans from the third party in Massachusetts. However, the company would honor all its contractual obligations made as of December...
(MCO) Fitch Has Eurozone Rating Misgivings
Ratings agency Fitch has misgivings about Europe’s ability to tackle the sovereign debt crisis. Moody’s, a division of Moody’s Corporation (MCO) and Standard & Poor’s had earlier warned about the...
(XHB) Stock Market News for December 20, 2011 – Market News
Benchmarks moved into the red zone on Monday after European debt crisis escalated following dismal comments by European Central Bank head Mario Draghi. Adding to the gloom was a Wall Street Journal report that suggested the Federal Reserve had accepted new standards that require...
(JPM) Banks Face Foreclosure Charge Again
In yet another major setback for the foreclosure settlement, Massachusetts Attorney General (AG) Martha Coakley filed a lawsuit against – JPMorgan Chase & Co. (JPM), Bank of America Corporation...
(IMF) International Monetary Fund Sees Risks Intensifying
The International Monetary Fund (IMF) has sounded another caveat about the deepening global crisis. According to Christine Lagarde, IMF’s Managing Director, the crisis is unfolding, escalating and spreading across the world. She has even suggested that the world could see...
(JPM) Banks Face Foreclosure Charge Again
In yet another major setback for the foreclosure settlement, Massachusetts Attorney General (AG) Martha Coakley filed a lawsuit against – JPMorgan Chase & Co. (JPM), Bank of America Corporation...
(MCO) Moody’s Follows with Eurozone Warning
Moody’s, a division of Moody’s Corporation (MCO), becomes the second ratings agency to sound a warning after Standard & Poor’s on the failing economic health of the European Union (EU) partly fueled...
(EU) Stock Market News for December 12, 2011 – Market News
Signs of a resolution to the lingering European debt crisis in the offing and a positive consumer data on the domestic front boosted the benchmarks on Friday. Thus, the markets elongated its weekly gains to the second-straight week and the S&P 500 recorded its longest...
(WFC) Wells Fargo Clears Bid-Rig Case
Wells Fargo & Co. (WFC) is in the headlines and this time for a penalty. The company has agreed to pay $148 million to settle charges brought by federal and state authorities that its acquired unit –...
(GS) JPMorgan Chase May Repurchase More Shares
While addressing The Goldman Sachs Group Inc. (GS) investor conference on Wednesday, JPMorgan Chase & Co. (JPM) CEO Jamie Dimon stated...
(IMF) IMF Eyes Lower Growth Forecast
Come January 2012, the International Monetary Fund (IMF) will have to pare its growth forecast for the world. IMF’s September 2011 projections indicated a global growth of 4% for 2012 as opposed to over 5% in 2010. This announcement by the IMF does not come as a surprise....
(BAC) Bank of America Corporation Continues Assets Sale
Bank of America Corporation (BAC) has agreed to sell its Designated Market Maker (DMM) business on New York Stock Exchange (NYSE) to global market maker, Getco LCC. Bank of America’s decision to move away...
(BAC) Standard & Poor’s Downgrades Giant Wall Street Banks
On Tuesday, Standard & Poor’s (S&P) lowered its credit ratings for many U.S. and European banks. Out of 37 banks reviewed by S&P, ratings for 15 were downgraded, ratings remained unchanged for 20 and the remaining 2 were awarded upgraded ratings.
The...
(SFLY) Shutterfly Announces $125 Million Credit Facility
Shutterfly Inc. (SFLY) recently announced the closure of a new $125 million revolving credit facility. The new credit will serve general corporate purposes and will mature in five years. Per the agreement,...
(WFC) Wells Fargo May Purchase Irish Assets of Bank of Ireland PLC
On Friday, Bloomberg reported that Wells Fargo & Company (WFC) might purchase the London-based Burdale Finance Ltd. unit from Dublin-based Bank of Ireland PLC (
28Nov2011 | vitalstocks | 0 comments | Continued(IBM) Is the Time Ripe to Buy Stocks?
It is said that opportunities are never lost — someone else will catch the one you miss. And the saying remains true to the equity market. No one wants to miss a good opportunity to make exceptional profits from stock markets.
So, is this the time to take the...
(JPM) FDIC Problem Bank List Shrinks – Earnings Soar
The number of banks on the Federal Deposit Insurance Corporation’s (FDIC) list of problem institutions saw a sharp decline for the second straight quarter to 844 in the July-September period from 865 in the preceding sequential period, federal regulators reported Tuesday....
(C) Will U.S. Bank Stress Test Protect Our Money?
It’s time again for America’s biggest banks to flex their financial muscles. Yet another round of stress tests await these banks that need to prove their financial prowess, should another recession befall. Among the targeted banks, six that are susceptible to the European...
(JPM) JPMorgan Chase & Co Ends Trial Fees
JPMorgan Chase & Co. (JPM) has decided to withdraw its other bank fees related to checking accounts in addition to debit card usage fee. The news should spread cheer among customers as these charges were...
(MGI) MoneyGram International Prices Secondary Offering
On Friday, MoneyGram International Inc. (MGI) announced a secondary offering of 9.25 million shares that were owned by investors of private equity firm Thomas H. Lee Partners and investment bank Goldman...
(MGI) MoneyGram International Initiates Reverse Split
Yesterday, MoneyGram International Inc. (MGI) announced the filing of a statement for a reverse stock split.
According to the reverse stock split, MoneyGram will be able to contract its shares outstanding...