Stock Market & Financial Investment News

News Breaks September 24, 2012 10:30 EDT CIT, WFC CIT Group October calls active CIT Group (CIT) October 41 and 42 calls are active on total call volume of 1,950 contracts (194 puts). October call option implied volatility is at 24, November is at 28, January is at 26; compared to its 26-week average of 27 according to Track Data. Active call volume suggests larger price movement following a Stifel Nicolaus report saying the company would make a financially attractive acquisition target for Wells Fargo (WFC). News For CIT;WFC From The Last 14 Days Check below for free stories on CIT;WFC the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 16, 2013 08:33 EDT WFC BofA/Merrill's gobal financial analysts hold an analyst/industry conference call Global Financial Institutions Analysts discuss their Global Financials Quarterly Best Ideas Report on an Analyst/Industry conference call. Relevant companies AIG, ALL, ASBC, BCH, BKU, BBT, BBD, C, CMA, EVER, FITB, FHN, FRC, FULT, HBAN, ING, KEY, MTB, PNC, RF, STI, SUSQ, SNV, HIG, USB, WFC, XL and ZION may be included on the Analyst/Industry conference call to be held on May 16 at 10 am. 06:41 EDT WFC Big banks to benefit from U.S. concession on derivatives, NY Times says Subscribe for More Information May 15, 2013 17:53 EDT WFC Wells Fargo confirms reinstatement of $203M judgment in overdraft case Subscribe for More Information 16:55 EDT WFC Berkshire Hathaway gives quarterly update on stakes Subscribe for More Information 15:45 EDT WFC Judge orders Wells Fargo to pay $203M to settle overdraft case, Retuers says Subscribe for More Information May 14, 2013 08:33 EDT WFC CFTC investigates swap contracts, FT reports The Commodity Futures Trading Commission issued a “special call” asking Wall Street banks and other traders to provide documents that would prove recent derivatives transactions known as “exchanges of futures for swaps” were legal. Lawyers at the CFTC enforcement division are also scrutinizing the trades for possible violations. The probe is into the legitimacy of more than 1M energy and metals transactions by the biggest traders in commodities markets over the past two years.Reference Link 06:19 EDT WFC Brokerage firms see market share drop, competition increase, Bloomberg reports Subscribe for More Information May 13, 2013 15:04 EDT WFC Fed says large banks must submit midyear stress tests on July 5 Eighteen large U.S. bank holding companies are required to submit the results of their company-run, midyear stress tests to the Federal Reserve on July 5, the Federal Reserve said. The Dodd-Frank Wall Street Reform and Consumer Protection Act required that large bank holding companies and non-bank financial institutions that are designated for Federal Reserve supervision by the Financial Stability Oversight Council conduct two stress tests each year. In the midyear test, which is being conducted for the first time in 2013, each firm develops its own baseline, adverse, and severely adverse scenarios to best reflect its individual operations and risks. Each firm in the midyear test is required to release the results produced under its severely adverse scenario, helping promote market discipline and understanding of the financial conditions and risks of individual firms, between September 15 and September 30, the Fed added. May 9, 2013 05:43 EDT WFC Big banks take the offense against Washington, WSJ reports The biggest U.S. banks are going on the offensive to fight off growing efforts in Washington to rein them in, reports the Wall Street Journal. They've hired longtime, influential Washington insiders to deflect regulatory and political pressure to strengthen their finances and to sell assets. Reference Link May 7, 2013 10:03 EDT WFC Prudential Retirement partners with Wells Fargo Subscribe for More Information 05:50 EDT WFC Mortgage lenders ease standards for 'prime' borrowers, WSJ reports Subscribe for More Information May 6, 2013 09:43 EDT WFC NY to sue Wells, BofA over mortgage settlement violations, NYT says Subscribe for More Information May 5, 2013 19:20 EDT WFC N.Y AG plans homeowner enforcement versus financial firms, Bloomberg reports Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.