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Stock Market & Financial Investment News

News Breaks
March 13, 2014
07:25 EDTWFC, FNMA, FMCCWells Fargo CFO says U.S. economy growing at about 2% rate
Wells Fargo CFO Tim Sloan told CNBC that he's "pretty optimistic" on the U.S. economy. He said the bank wants to increase the dividend again this year. Sloan also says Fannie Mae (FNMA), Freddie Mac (FMCC) reform in the right direction.
News For WFC;FNMA;FMCC From The Last 14 Days
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August 1, 2014
05:54 EDTWFCStocks with implied volatility movement; SPY WFC
Stocks with implied volatility movement; Standard and Poor's Depository Receipts (SPY) 15, Wells Fargo (WFC) 16 according to iVolatility.
July 30, 2014
13:44 EDTFMCC, FNMABank of America division ordered to pay $1.3B over mortgages, Bloomberg reports
Bank of America's (BAC) Countrywide division has been ordered to pay $1.3B in penalties for defective mortgage loans it sold to Fannie Mae (FNMA) and Freddie Mac (FMCC) during the 2008 financial crisis, Bloomberg reported. The fine is just over half the amount the government had requested, Bloomberg added. Reference Link
July 27, 2014
16:14 EDTFMCC, FNMAGoldman close to settling FHFA suit on faulty mortgage claims, Bloomberg says
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10:45 EDTFMCC, FNMAFannie, Freddie prefered, common holders could still be wiped out, Barron's says
Fannie Mae (FNMA) and Freddie Mac's (FMCC) preferred and common shareholders could still get wiped out despite recent gains, Barron's argues in a follow up article. Reference Link
July 21, 2014
10:02 EDTWFCOn The Fly: Analyst Downgrade Summary
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08:36 EDTWFCWells Fargo downgraded to Hold from Buy at Rafferty Capital
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