Wells fargo Stories
Wells Fargo posts falling revenue, shares drop
Wells Fargo & Co , the fourth-largest U.S. bank, posted a decline in revenue, and shares fell 4.9 percent as a bank known for outsmarting rivals turned in an average performance.
Wells Fargo first-quarter profit beats Street
Wells Fargo & Co , the fourth-largest U.S. bank, posted a higher quarterly profit as it put aside less money for bad loans.
Pre-market movers on Apr.20 (WMB, FCX, AMD, CRM, SNDK, AMAT, TXT, ISRG, IBM, WFC )
The companies whose shares are moving in pre-market trade on Wednesday are: Williams Companies, Freeport-McMoRan, Advanced Micro Devices, salesforce.com, Sandisk Corp, Applied Materials, Textron, Intuitive Surgical, International Business machines and Wells Fargo.
Citi profit falls 32 percent as bond trading weakens
Citigroup Inc's first-quarter profit fell 32 percent as bond trading revenue plunged and operating expenses jumped.
JPMorgan making fewer loans but profit still surges
JPMorgan Chase & Co said its total outstanding loans shrank for the fourth consecutive quarter, raising questions about the banking industry's ability to boost profit in coming years.
JPMorgan Q1 profit up 67 percent; can it be repeated?
JPMorgan Chase & Co reported tepid corporate loan growth in the first quarter, raising questions about the banking industry's ability to boost profit in coming years.
Bank regulators settle with mortgage lenders
U.S. bank regulators announced settlements on Wednesday with the largest home lenders over allegations of shoddy foreclosure practices, but the pacts did not include financial penalties.
Pre-market movers on Apr.12 (EXEL, KITD, CCL, MWW, AA, V, F, ORCL, MDT, MU)
The companies whose shares are moving in pre-market trade on Tuesday are: Exelixis, KIT digital, Carnival, Monster Worldwide, Alcoa, Visa, Ford Motor, Oracle Corp, Medtronic and Micron Technology.
Celebs at the 22nd annual GLADD Media Awards (PHOTOS)
The Gay and Lesbian Alliance Against Defamation (GLAAD) announced award recipients in three of this year's 32 media categories at the 22nd Annual GLAAD Media Awards presented nationally by RÖKK Vodka and locally by Wells Fargo at the Westin Bonaventure in Los Angeles Sunday night.
Banks to post profits, but loan growth elusive
Investors looking for loan growth and surging revenues at the biggest U.S. banks, including Citigroup Inc are likely to be disappointed by first-quarter earnings.
Dechert advises Golub Capital in public offering
A team from Dechert LLP is serving as legal advisor to Golub Capital, including partners Thomas Friedmann, David Harris and Richard Hervey and associates William Tuttle and Jordan McKay
Fed's Delay on Debit-Card Rules Could Benefit Major Banks (BAC, WFC, JPM, USB)
The delay by the Federal Reserve Board in adopting final rules to limit debit-card interchange fees could benefit the largest banks.
Citigroup Sets Reverse Stock Split, Resumes Dividend
Citigroup announced a 1-for-10 reverse stock split of its common stock and plans to reinstate a quarterly dividend of $0.01 per common share in the second quarter of 2011.
World Market Overview 21/03/2011
U.S. stocks climbed higher Friday, as fears of increased violence in Libya ebbed and currency interventions helped to relieve investor worries over Japan's economy.
JP Morgan testing $5 ATM usage fee
JP Morgan Chase & Co. is in the process of testing $5 and $4 ATM usage fee for non-customers in Illinois and Texas.
NBA PREVIEW: Sixers Host Celtics in Possible First Round Playoff Matchup
The Celtics are in danger of losing their coveted first seed to the Bulls
World Market Overview 09/03/2011
U.S. stocks rallied on the back of strength in financial shares after a drop in oil prices on reports that Libyan leader Moammar Gaddafi may be negotiating an exit from the country.
Global Markets Overview 08/03/2011
U.S. stocks advanced on Tuesday as oil prices eased to below $105 a barrel and financials rallied after Bank of America announced plans to increase dividends in the second half of the year.
World Market Overview 08/03/2011
U.S. stocks ended lower on Monday, led by declines from technology shares after Wells Fargo downgraded the semiconductors sector.
Wall St ends lower, semis slide
Technology stocks sold off after a brokerage downgrade on Monday, leading the market lower, while uncertainty over higher oil prices looked set to drive volatility in the days ahead.
Wells Fargo hiring 1,000 for mid-Atlantic retail
Wells Fargo & Co will by mid-May hire more than 1,000 people for its retail banking operations in the mid-Atlantic region, ahead of a planned fall rebranding of its Wachovia locations.
Top After-Market NYSE Movers (LXU, OME, BEE, COO, RSH, NCR, NPTN, NCT, DPM,DX)
The top after-market NYSE gainers on Thursday are: Lsb Industries, Omega Protein, Strategic Hotels & Resorts, Cooper Companies and Radioshack. The top after-market NYSE losers are: NCR Corp, NeoPhotonics, Newcastle Investment, DCP Midstream Partners and Dynex Capital.
Federal budget, unemployment tied as top investor concerns: poll
The federal budget and unemployment were tied as top investor concerns, a poll showed, when asked to rate potential factors affecting the investment climate.
Warren Buffet Praises Apple's Steve Jobs
The Oracle of Omaha chats live with CNBC
Foreclosure fines may go to loan modifications
Financial penalties extracted from large banks over their mortgage servicing practices may be used for loan modifications, a top Obama administration official said on Monday.
Pre-Market NASDAQ Movers (NVAX, SONS, SODA, AKRX, AONE, CEDC, YRCW, AVGO, EXLP, PTNR)
The top pre-market NASDAQ stock market gainers are: Novavax, Sonus Networks, SodaStream International, Akorn, and A123 Systems. The top pre-market NASDAQ stock market losers are: Central European Distribution, YRC Worldwide, Avago Technologies, Exterran Partners, and Partner Communications.
Post-Market NASDAQ Movers (NVAX, SONS, SUPG, GTEC, SPMD, YRCW, HTCO, SMSI, EXLP, VVUS)
The top after-market NASDAQ stock market gainers are: Novavax, Sonus Networks, SuperGen, Global Defense Technology & Systems, and SuperMedia. The top after-market NASDAQ stock market losers are: YRC Worldwide, Hickory Tech, Smith Micro Software, Exterran Partners, and VIVUS.
CORRECTED: Wells Fargo withholds 2011 stock awards from ex-CFO
Corrects spelling of head of consumer banking's last name, paragraph 6
Wells Fargo withholds 2011 stock awards from ex-CFO
Former Wells Fargo & Co Chief Financial Officer Howard Atkins received zero shares under the bank's long-term stock bonus program for 2011, the company disclosed on Monday.
BofA, Wells, Citi see foreclosure probe fines
Bank of America, Citigroup and Wells Fargo -- three of the biggest banks in the United States -- said they could face fines from a regulatory probe into the industry's foreclosure practices.