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Stock Market & Financial Investment News

News For WFC;USB;BAC;C;HBC From The Last 14 Days
Check below for free stories on WFC;USB;BAC;C;HBC the last two weeks.
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May 17, 2013
05:23 EDTHBCHSBC downgraded to Neutral from Outperform at Exane BNP Paribas
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May 16, 2013
08:33 EDTUSB, WFC, CBofA/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.
07:18 EDTBAC, CInvestors bet on banks hit by credit crisis, Bloomberg reports
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06:41 EDTWFC, USB, C, BACBig banks to benefit from U.S. concession on derivatives, NY Times says
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May 15, 2013
17:53 EDTWFCWells Fargo confirms reinstatement of $203M judgment in overdraft case
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17:03 EDTCSoros gives quarterly update on stakes
NEW STAKES: MeadWestvaco (MWV), Brocade (BRCD), Red Hat (RHT), Liberty Global (LBTYK), and VMware (VMW). INCREASED STAKES: Google (GOOG), Liberty Global (LBTYA), EQT Corp (EQT), Charter (CHTR), and US Airways (LCC). DECREASED STAKES: Citigroup (C), AIG (AIG), Apple (AAPL), Invesco (IVZ), and Motorola Solutions (MSI). LIQUIDATED STAKES: JPMorgan (JPM), General Electric (GE), CF Industries (CF), Morgan Stanley (MS), and Capital One (COF).
16:55 EDTWFCBerkshire Hathaway gives quarterly update on stakes
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16:02 EDTCOptions Update; May 15, 2013
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15:45 EDTWFCJudge orders Wells Fargo to pay $203M to settle overdraft case, Retuers says
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15:32 EDTCCitigroup April net charge-offs 3.11% vs. 3.19% last month
Citigroup April delinquencies 2.1% vs. 2.17% last month
12:03 EDTHBCHSBC downgraded to Hold from Buy at Deutsche Bank
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11:48 EDTCAppaloosa reports new stakes in Comcast, Ashland, sells Oracle
David Tepper's Appaloosa in its quarterly filing report new positions in Comcast (CMCSA), Prudential (PRU), Hess Corp. (HES), Check Point (CHKP), KBR (KBR) and Ashland (ASH). The fund sold its stakes in Oracle (ORCL) and Noble Corp. (NE). Appaloosa's top position is in Citigroup (C), with a stake worth over $376.9M.
10:13 EDTBACBank of America reports April card write-offs 4.55% vs. 4.33% last month
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06:15 EDTHBCHSBC to cut 14,000 jobs, save $3B, Bloomberg reports
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May 14, 2013
18:28 EDTCCiti announces sale of Credicard to Banco Itaú Unibanco
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16:00 EDTCOptions Update; May 14, 2013
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13:53 EDTHBCHSBC subsidiary confirms review of Monaco operations
In a regulatory filing, HSBC Private Banking Holdings, a wholly owned subsidiary of HSBC Holdings, confirmed that it is conducting a review of its operations in Monaco, HSBC Private Bank Monaco, as part of the HSBC Group's continuing strategic five-filter review. Following recent unsolicited expressions of interest, this may lead to the possible disposal of the business. Further announcements will be made if or when necessary.
10:53 EDTBACBank of America breakout continues, levels to watch
The breakout back above what was persistent resistance at the $12.50 area has now taken on a firmer bullish footing. Shares are trading at multi-year highs, last at $13.25. At that price, resistance is now at $13.56 and then at $13.84. Support is at $13.01.
08:44 EDTBACBank of America management to meet with Deutsche Bank
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08:33 EDTBAC, USB, C, WFCCFTC 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
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