Search Results for: WFC
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 revenues of...
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Vikram Pandit, CEO of Citigroup (C), should be so lucky as to have Wells Fargo (WFC) steal the buyout of Wachovia (WB) from him. Citi has gone into court asking $60 billion in damages because it...
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The most wonderful thing about the current financial crisis is that it is a monument to human optimism. Every day executives and government officials signal that things may be getting better....
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It is the weekend and that means a review of last week’s unusual suspects and a review for key stocks in the week ahead. Technically earnings season gets its first earnings report from a DJIA...
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Source: Flickr, Images of MoneyAs part of the $26 billion mortgage foreclosure settlement reached between the federal and state governments with a number of mortgage lenders, borrowers who believe...
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Short sellers upped their investments in stocks of the most prominent financial firms. Short interest in Bank of America (BAC), AIG (AIG), Wells Fargo (WFC), and Freddie Mac (FRE) all rose for the...
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Several news organizations are reporting that ten of the 19 banks subjected to “stress tests” will be asked to raise more capital. Since the firms are still debating with the government, the...
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Yesterday, Bank of America (BAC) said it would miss its 2008 numbers. There has been a good deal of talk that Jamie Dimon will be pulled off his thrown at JPMorgan (JPM) once the integration of Bear...
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Consumers and businesses are faced with two difficult problems as a result of major banks taking huge write-offs. The first is that, even though the Fed is chopping rates, lower interest loans are...
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These are the last of Warren Buffett’s and Berkshire Hathaway Inc. (NYSE: BRK-A) holdings as of June 30, 2008: Torchmark Corp. (NYSE: TMK) more than 3.51 million shares in multiple lots US Bancorp...
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The number of foreclosures filed in the third calendar quarter of 2011 totaled 610,337, an increase of less than 1% from the second quarter and a drop of 34% from the same period a year ago. That’s...
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There have been major reports for days and weeks that have revolved around many financial services, banks, lenders, and the like merging. The truth is that the carnage in the financial sector...
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