6:15am ET
Investing
Short Sellers Exit Tech
Short sellers cut their bets against tech shares as earnings seasons approaches, based on data of short interest in major stocks as of December 31. Shares short in Intel (NASDAQ: INTC) dropped…
Companies
/Financial Services
Wells Fargo & Company
$82.48
▼ $0.67 (−0.80%) today
Markets open · 1:24pm ET
WFC Coverage
Page 6810:18am ET
Banking, finance, and taxes
The Unusual Suspects For The Week Ahead (AA, APOL, DUK, PGN, ENDP, FE, AYE, GENZ, INTC, JPM, MMI, RVBD, THC, UNP, WFC, USB)
Our feature of “The Unusual Suspects” is back after not having enough consistent planned events during the last two weeks of the holidays. We have earnings due, cases happening, FDA events, mergers,…
12:38pm ET
Banking, finance, and taxes
December Buybacks Near $30 Billion Already, More For 2011 (T, AET, AZO, ADSK, CB, CAG, CCK, ECA, ENZN, HD, INTC, MAN, MKL, SWY, SYK, TEVA, TIBX, PKW, CSCO, GE, BAC, WFC, JPM)
There is a long-standing debate over the effect and impact of share buyback plans. What is not up for debate is that many companies have given big updates or announced new buyback…
9:04am ET
Banking, finance, and taxes
Bank & Finance M&A: The Canadians Are Coming (BMO, MI, BAC, C, JPM, WFC, RY, TD, BNS, CM)
Bank of Montreal (NYSE: BMO) is expanding in the U.S. The fourth largest bank in Canada is acquiring Marshall & Ilsley Corp. (NYSE: MI) for $4.1 billion in stock. The terms call…
7:55am ET
Investing
December Buybacks Over $15 Billion, More For 2011 (AET, CB, CAG, ECA, HD, INTC, MKL, SWY, SYK, TEVA, CSCO, BAC, WFC, JPM)
There have always been questions about whether stock buybacks are an effective return of cash to shareholders. The theory is a simple one: reducing the number of shares outstanding boosts the price…
6:43am ET
Banking, finance, and taxes
Warren Buffett’s Ten Best Investments For 2011 (BRK-A, BRK-B, AXP, BAC, BK, GCI, GE, KFT, MCO, PG, UPS, WFC, WMT, SNY, GSK)
Investors have tried for years to follow the strategy of Warren Buffett, considered by many to be the greatest investor in history. That’s ironic given how little he seems to care about…
10:50am ET
Banking, finance, and taxes
Canadian Bank Dividend Hikes, Lesson For U.S. (CM, BMO, BNS, TD, BAC, C, JPM, WFC)
Regulators have hinted in the U.S. about the stage being set for a return to normalized dividends from major banks. If Canada is a model and if the Canadians act as a…
4:55pm ET
Industrials
Berkshire Hathaway & Buffett’s Latest Stock Holdings ‘S to Z’ (BRK-B, BRK-A, SNY, TMK, USB, USG, UPS, WMT, WPO, WFC, WSC)
Berkshire Hathaway Inc. (NYSE: BRK-B, BRK-A) has shown its latest holdings as of the close on September 30, 2010. The changes were big on the first two lists but more static on…
6:18am ET
Investing
Short Sellers Move Into Financials, Out Of Tech
Short sellers moved into the shares of large financial firms, perhaps sensing the effects of new regulation and an exit from proprietary trading businesses. The short interest in Citigroup (NYSE: C) rose…
4:35pm ET
Banking, finance, and taxes
The Return of the Bank Dividend (JPM, BAC, WFC, MS, FAS)
Money is short and times are hard, but the government is paid back and bank investors may find dividend checks in with their holiday cards. The Wall Street Journal broke news late…
8:47am ET
Investing
The Twitter-24/7 Wall St. Market Report (10/28/2010)
Twitter has, by most estimates, 145 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than…
6:07am ET
Banking, finance, and taxes
Wells Fargo To Amend 55,000 Mortgages
Wells Fargo (NYSE: WFC) will modify 55,000 mortgages, a tacit admission that it had done something wrong with the home loans in the first place. The big bank announced that: Out of…
Douglas A. McIntyre 4:08am ET
Media
Media Digest (10/28/2010) Reuters, WSJ, NYT, FT, Bloomberg
Mortgage investors have begun to pressure banks to buy back bad loans. (Reuters) China may use its rare earth stocks to help it move ahead with alternative energy. (Reuters) Bank of Japan…
6:05am ET
Investing
Short Sellers Flee Telecom And Financial Stocks (VZ, T, MOT, S, MSFT)
Bank stocks will rebound and telecom shares will rise. That is, at least, the prevailing opinion among short sellers as of October 15. Telecom and telecom equipment shares will benefit from an…
8:07am ET
Banking, finance, and taxes
Buffett’s Favorite Bank Gets It Done (WFC, BRK-A, C, BAC, JPM)
Wells Fargo & Co. (NYSE: WFC) managed to beat earnings this morning. Warren Buffett’s favorite bank posted a gain of 19% in net income of $3.15 billion, translating to $0.60 EPS on…