News For WFC From The Last 14 Days Check below for free stories on WFC the last two weeks.
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February 9, 2010
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| 12:38 EDT |  | WFC |
| theflyonthewall.com: | German source says European nations have agreed to back Greece, Reuters reports | | European governments have decided in principle to support Greece and are considering various ways of doing so, according to Reuters, which said a senior source in the German government made the statement. Earlier in the day. a senior EU official had urged European government to aid Greece. Reference Link :theflyonthewall.com |
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February 8, 2010
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| 12:59 EDT | | WFC |
| theflyonthewall.com: | Most DC insiders believe financial regulatory reform will pass, The Hll reports |
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February 5, 2010
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| 15:33 EDT | | WFC |
| theflyonthewall.com: | SEC considering ways to curb short-selling, NY Times reports | | According to the NY Times DealBook blog, citing Reuters, SEC chairwoman Mary L. Schapiro said the SEC will consider adopting short-selling curbs in coming weeks as well as ways to improve market surveillance. She said she hoped to consider new rules in Q1. Reference Link :theflyonthewall.com |
| | 07:10 EDT |  | WFC |
| theflyonthewall.com: | Wells Fargo volatility flat at 41 | | Wells Fargo closed at $27.06. WFC March and April put option implied volatility of 41 is near its 26-week average of 43, according to Track Data, suggesting non-directional price movement. :theflyonthewall.com |
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February 4, 2010
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| 12:04 EDT |  | WFC |
| | 10:23 EDT |  | WFC |
| theflyonthewall.com: | Cuomo to announce legal action related to financial crisis, Dow Jones reports |
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| | 09:17 EDT | | WFC |
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February 3, 2010
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| 06:40 EDT | | WFC |
| theflyonthewall.com: | Dodd expresses doubts on Obama plan for banks, NY Times reports | | Democratic Senator Christopher Dodd, the chairman of the Senate Banking Committee, said that the Obama administration's proposals to limit banks' size and their trading activities is making it more difficult for Congress to pass a financial regulatory reform bill, according to the New York Times. The administration's proposal is getting close to being overly ambitious, added the Senator. "I don’t want to be in a position where we end up doing nothing because we tried to do too much," he said. Reference Link :theflyonthewall.com |
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February 2, 2010
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| 06:49 EDT | | WFC |
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February 1, 2010
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| 13:21 EDT | | WFC |
| | 13:06 EDT | | WFC |
| theflyonthewall.com: | Limits on bank trading unlikely to pass in current form, FT reports | | The proposal to place limits on banks' proprietary trading -- known as the Volcker Rule -- will probably either be voted down or significantly changed by the U.S. Senate, according to the Financial Times, which cited statements made by Senate lawmakers and staffers in DealReporter. Senate Banking Committee ranking member Richard Shelby, a Republican, said he would oppose the Volcker rule, adding that Republicans would vote against the entire financial regulatory reform bill if Demcorats insist on including the Volcker Rule in it. In early afternoon trading, Goldman Sachs (GS) gained 3.21% to $153.50, while Morgan Stanley (MS) added 3.51% to to $27.72, and Wells Fargo (WFC) climbed 1.55% to $28.87. Reference Link :theflyonthewall.com |
| | 12:35 EDT |  | WFC |
| | 12:15 EDT | | WFC |
| theflyonthewall.com: | Wells Fargo puts active on renewed secondary speculation | | Wells Fargo is recently up 41c to $28.83. WFC is frequently subject to secondary speculation. WFC February put option implied volatility is at 36, March puts are at 34 below its 26-week average of 42. Call option volume of 10,872 contracts compares to put volume of 21,500 contracts according to Track Data, suggesting traders hedging for downside price protection. :theflyonthewall.com |
| | 07:40 EDT |  | WFC |
| theflyonthewall.com: | SourceMedia Conferences to hold a conference | | The Bond buyer's 14th Annual Texas Public Finance Conference will be held in Austin, Texas on February 1-2. :theflyonthewall.com |
| | 06:38 EDT | | WFC |
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January 31, 2010
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| 22:09 EDT | | WFC |
| theflyonthewall.com: | Barron's says, brokerage firms appear are regaining their stock-picking prowess |
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| | 22:05 EDT | | WFC |
| theflyonthewall.com: | Four Barron's Roundtable members discuss their investment recommendations | | In the final installment of this year's Barron's Roundtable, four of Wall Street luminarie discuss their investment recommendations. The members of the Barron's Roundtable last met on Jan.11, they warned it wouldn't be smooth sailing for the market -- or investors. No surprise, their concerns about the economy and the markets, aired in the past two issues of Barron's, underly their investment recommendations for 2010. PICKS of this week's stars: (1) Bill Gross, head honcho at Pimco, begins the meeting with a description of what his firm calls "the new normal" -- slower growth in the years ahead than the abnormal growth of the mid-2000s. Accordingly, he emphasizes "stable, conservative income generation" -- and several bonds and exchange-traded funds that offer appropriately juicy yields. (2) Meryl Witmer, a general partner of Eagle Capital Partners, likes: Companss Minerals (CMP), Stewart Info Systems (STC), Delta Lloyd (DL.Netherlands), Genworth MI Canada (MIC.Canada), and Biotest (BIO3.German). (3) Archie MacAllaster, head of MacAllaster Pitfield Mackay, his astute analysis of several beaten-up banks and insurers, some selling nicely below book value, whose glory days might not be over, no matter the market's current view. His Picks: Protective Life (PL), HArtford Financial Services (HIG), Principal Financial Group (PFG), FBL Financial Group (FFG), Prudential (PRU), MetLife (MET), Wells Fargo (WFC) and Supervalu (SVU). (4) Fred Hickey, editor of the High-Tech Strategist, has sworn off short-selling. Instead, he's buying gold stocks big and small, for the coming "crazy" stage of the gold rally, and a handful of technology companies whose true value inexplicably remains hidden. His picks are: Market Vectors Jr Gold Miners (GDXJ), Newmont Mining (NEM), Sybase (SY), Novell (NOVL), Symantec (SYMC) and Microsoft (MSFT). Reference Link :theflyonthewall.com |
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January 29, 2010
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| 07:09 EDT | | WFC |
| theflyonthewall.com: | The Federal Deposit Insurance Corporation to host a symposium | | The FDIC hosts Symposium on Interest Rate Risk Management in Arlington on January 29 at 8 am.Webcast Link :theflyonthewall.com |
| | 06:27 EDT | | WFC |
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January 27, 2010
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| 14:28 EDT | | WFC |
| | 06:53 EDT | | WFC |
| theflyonthewall.com: | Large banks want single global approach to financial regulations, FT reports | | The world's largest banks called on governments to adopt a united approach to regulating the financial sector, according to the Financial Times. Failure to implement uniform regulations will hinder lending and damage the world's financial system, the banks warned. Reference Link :theflyonthewall.com |
| | 06:37 EDT | | WFC |
| theflyonthewall.com: | Private equity firms seeking loans for German cable operator bid, FT says | | Several private equity firms, including CVC Capital Partners and Carlyle Group, are recruiting banks to finance their GBP5B bid for German cable TV company Kabel Deutschland, according to the Financial Times, which did not specify which banks may be involved in providing loans for the deal. Reference Link :theflyonthewall.com |
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January 26, 2010
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| 15:39 EDT | | WFC |
| | 08:17 EDT | | WFC |
| theflyonthewall.com: | Wells Fargo adds ExpressSend paying agent in Mexico, expands to more countries |
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| | 06:44 EDT | | WFC |
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