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Stock Market & Financial Investment News

News Breaks
February 7, 2014
09:31 EDTWFC, OCNOcwen Wells Fargo mortgage deal likely to be approved, says Sterne Agee
After New York regulators indicated that they were not going to approve the servicing sale of $39B in mortgages between Wells Fargo and Ocwen, Sterne Agee thinks that Ocwen will reach a deal with regulators, and the deal will ultimately be approved. Sterne Agee keeps a Buy rating on Ocwen.
News For OCN;WFC From The Last 14 Days
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May 29, 2015
08:35 EDTWFCStumpf says 'things are better' this year than last in housing market
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08:31 EDTWFCWells Fargo sees staying at higher end of 55%-59% efficency range
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08:12 EDTWFCStumpf says 'not all liability portfolios will behave the same' when rates rise
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08:10 EDTWFCWells Fargo CFO says one rate rise from Fed likely this year
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08:03 EDTWFCWells Fargo CFO says port strike bigger issue in Q1 than weather
Stumpf says would not be surprised if Q2 through Q4 of year are strong enough for U.S. GDP to come in with 2.2%-2.4% growth for the year. Fundamentals seem to be as strong now as at any point since the downturn, Stumpf added. Wells Fargo CFO John Stumpf is speaking at the Bernstein Strategic Decisions Conference.
May 27, 2015
16:41 EDTOCNOcwen to discontinue residential servicing operations at Houston facility
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May 26, 2015
20:50 EDTWFCBernstein to hold a conference
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06:41 EDTWFCJPMorgan, other banks close branches on border to avoid laundering, WSJ says
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May 21, 2015
12:33 EDTWFCWells Fargo to add Financial Engines advice to platform, Reuters reports
Wells Fargo (WFC) plans to add Financial Engines' (FNGN) advice offering to the bank's retirement platform, according to Reuters, citing a Wells Fargo presentation. Shares of Financial Engines are up 7% following the report. Reference Link
12:30 EDTWFCWells Fargo to sign 401(k) pact with Financial Engines, Reuters reports
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May 20, 2015
13:13 EDTOCNLawsky to step down as head of NYDFS, Bloomberg reports
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08:21 EDTWFCATM data theft soars to highest rate in two decades, WSJ says
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May 18, 2015
12:59 EDTOCNOcwen says SEC conducting probe into use of mortgage collection agents
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12:59 EDTOCNOcwen says SEC conducting probe into use of mortgage collection agents
09:46 EDTWFCMPLX enters common unit sales agreement for up to $500M
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09:25 EDTOCNOn The Fly: Pre-market Movers
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08:09 EDTOCNOcwen in full compliance with NYSE continued listing requirements
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06:53 EDTOCNOcwen says in talks with lender for renenwal, replacement or extension of debt
In a regulatory filing, Ocwen stated: "We currently are in negotiations with our lenders for the renewal, replacement or extension of our debt arrangements that mature or begin amortization in 2015. We may also consider other capital markets transactions including, but not limited to, the sale and financing of advance receivables in the event we do not renew, replace or extend a portion or all of our existing advance financing facilities. We have entered into commitment letters to refinance certain of our debt agreements and extended certain facilities ahead of their scheduled maturity...Our lenders’ obligations to fund under these commitment letters are subject to conditions precedent, some of which are outside our control. In the event we are unable to renew, replace or extend all of these debt agreements, we may not have adequate sources of funding for our business. Due to the significant level of cash requirements related to servicing advances, we may not have sufficient levels of liquidity to fund the operations without our advance financing facilities. We typically require significantly more liquidity to meet our advance funding obligations than our available cash on hand."
May 15, 2015
16:32 EDTWFCBerkshire Hathaway gives quarterly update on stakes
NEW STAKES: None. INCREASED STAKES: IBM (IBM), Precision Castparts (PCP), Wells Fargo (WFC), Phillips 66 (PSX), and US Bancorp (USB). DECREASED STAKES: National Oilwell Varco (NOV), Viacom (VIAB), Bank of New York Mellon (BK), MasterCard (MA), and Visa (V). LIQUIDATED STAKES: None.
07:09 EDTOCNHayman Capital gives quarterly update on stakes
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