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Stock Market & Financial Investment News

News Breaks
February 9, 2012
12:31 EDTWFC
theflyonthewall.com: Wells Fargo says noninterest expense targeted to decline to $11B in Q412
This information is from the Wells Fargo presentation at the Credit Suisse financial services Forum. :theflyonthewall.com



News For WFC From The Last 14 Days
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May 25, 2012
07:36 EDTWFC
theflyonthewall.com: Wells Fargo turns over mortgage records to SEC, WSJ reports

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07:05 EDTWFC
theflyonthewall.com: Bank lending slows, WSJ reports

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06:14 EDTWFC
theflyonthewall.com: On the Fly: Periodicals Wrap-Up

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May 23, 2012
15:06 EDTWFC
theflyonthewall.com: Fitch says major U.S. banks face tougher markets

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09:29 EDTWFC
theflyonthewall.com: Facebook, banks sued by shareholders, Reuters says
A group of Facebook (FB) shareholders have filed a lawsuit against the social networking giant, its CEO Mark Zuckerberg, and several banks led by Morgan Stanley (MS), according to Reuters. The plaintiffs are alleging that the defendants hid Facebook's reduced growth outlook ahead of the IPO, the news service explains. Reference Link :theflyonthewall.com
07:30 EDTWFC
theflyonthewall.com: Standard & Poor's to host a conference

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07:22 EDTWFC
theflyonthewall.com: CFTC probing JP Morgan's losses, Washington Post reports
The Commodity Futures Trading Commission, or CFTC, is probing JP Morgan's (JPM) recent investment losses, the commission's chairman, Gary Gensler, said yesterday, according to The Washington Post. Gensler said that the losses "strongly suggest" that foreign affiliates of U.S. financial firms shouldn't be exempted from new derivative regulations, the newspaper added. Reference Link :theflyonthewall.com
07:22 EDTWFC
theflyonthewall.com: SEC set back in case against failed IndyMac lender, Reuters reports

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May 22, 2012
09:01 EDTWFC
theflyonthewall.com: Wells Fargo targeting payout ratio 50%-65% after reaching target cap. structure
Says targeting a total payout ratio of 50%-65% after it reaches its target capital structure. Comments from slides that will be presented at the company's 2012 Investor Day. :theflyonthewall.com
07:56 EDTWFC
theflyonthewall.com: Wells Fargo says targeting 1.3%-1.6% ROA

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07:47 EDTWFC
theflyonthewall.com: Incisive Media to host a summit

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07:15 EDTWFC
theflyonthewall.com: U.S allows China to go around Wall Street to buy government debt, Reuters says
China can now bypass Wall Street when buying U.S. government debt and go directly to the U.S. Treasury, in what is the Treasury's first direct relationship with a foreign government, according to documents seen by Reuters. Reference Link :theflyonthewall.com
06:54 EDTWFC
theflyonthewall.com: NY regulators investigating mortgage insurers' payments to banks, NY Times says
New York State regulators are probing whether two insurance companies- Assurant (AIZ) and QBE Insurance - made improper payments to banks in order to obtain a dominant position in a type of mortgage insurance called force-placed insurance, according to The New York Times. Reference Link :theflyonthewall.com

May 21, 2012
07:32 EDTWFC
theflyonthewall.com: Bond traders give Bernanke opeing for more stimulus, Bloomberg reports

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07:09 EDTWFC
theflyonthewall.com: Investors can't get enough of U.S. Treasurys, WSJ reports
Investors in U.S. Treasurys have a good chance of losing money over time, yet they can't seem to get enough of them as Treasury prices move higher and yields fall to near-record lows, reports the Wall Street Journal.Reference Link :theflyonthewall.com

May 18, 2012
07:19 EDTWFC
theflyonthewall.com: Fed may prefer more Operation Twist, Bloomberg reports

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May 17, 2012
14:12 EDTWFC
theflyonthewall.com: Fed said to study how banks manage deposits after JP Morgan, Bloomberg says

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08:03 EDTWFC
theflyonthewall.com: Wells Fargo says approved over $548M in SBA loans nationwide in 1H

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07:19 EDTWFC
theflyonthewall.com: Fed signals more monetary easing remains an option, Bloomberg reports

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07:14 EDTWFC
theflyonthewall.com: Many firms stop selling Facebook shares ahead of IPO, Reuters reports
Investors who want Facebook (FB) shares may have lost the opportunity as several firms including TD Ameritrade (AMTD), Fidelity's brokerage arm, Morgan Stanley (MS), E*Trade Financial (ETFC) and Wells Fargo (WFC) Advisors stopped accepting orders Tuesday evening, reports Reuters. Reference Link :theflyonthewall.com
07:09 EDTWFC
theflyonthewall.com: White House seeks to toughen bank rules, WSJ reports
Following the losses at J.P. Morgan Chase (JPM), the White House is seeking to ensure a tough interpretation of a regulation designed to prevent banks from making bets with their own money, sources say, reports the Wall Street Journal. Reference Link :theflyonthewall.com
07:00 EDTWFC
theflyonthewall.com: Fitch: World's largest banks must raise $566B, NY Times says
The world's 29 systemically important banks must raise a combined $566B in order to meet new capital requirements, Fitch Ratings said today, according to The New York Times. The figure represents a 23% increase over what the banks currently hold in reserve, the newspaper added. Reference Link :theflyonthewall.com
06:38 EDTWFC
theflyonthewall.com: U.S. foreclosure filings fall to five year low, Bloomberg reports
In April, foreclosure filings in the U.S. fell to a five year low as lenders sought to avoid seizing property and a housing recovery showed signs of taking hold, reports Bloomberg. The number of default, auction and seizure notices sent to homeowners last month was 188,780, down 14% from a year ago and 5% from March, according to RealtyTrac Inc. Reference Link :theflyonthewall.com
06:15 EDTWFC
theflyonthewall.com: On the Fly: Periodicals Wrap-Up

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06:04 EDTWFC
theflyonthewall.com: SEC investigates hedge fund Magnetar over mortgage bond deals, WSJ reports

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May 16, 2012
15:16 EDTWFC
theflyonthewall.com: Meredith Whitney says earnings power of banking group needs reevaluation

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12:32 EDTWFC
theflyonthewall.com: Wells Fargo to host investor day

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07:02 EDTWFC
theflyonthewall.com: Wells Fargo expands insurance trust program to the UK and EU
Wells Fargo has introduced, through its Wells Fargo Bank subsidiary, its insurance trust product in the United Kingdom and the EU. The Wells Fargo UK Insurance Trust offers an alternative to Letters of Credit specifically used as collateral for UK- and EU-based corporate insurance programs. :theflyonthewall.com

May 15, 2012
16:56 EDTWFC
theflyonthewall.com: Soros reports decreased stakes in InterOil, Motorola, Medicines Co, Wells Fargo

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16:29 EDTWFC
theflyonthewall.com: Berkshire Hathaway reports increased stakes in Wal-Mart, Wells Fargo, DirecTV

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07:13 EDTWFC
theflyonthewall.com: President Obama: Wall Street needs reform, Reuters reports
President Obama said the trading loss at JPMorgan Chase & Co. (JPM) illustrated the need for Wall Street reform and warned that the same kind of error at a less stable bank may have required government intervention, reports Reuters. Reference Link :theflyonthewall.com

May 14, 2012
15:23 EDTWFC
theflyonthewall.com: Wells Fargo names Yvette Hollingsworth as Chief Compliance Officer

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11:05 EDTWFC
theflyonthewall.com: Regulators finalize stress-testing guidance for large banks

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09:42 EDTWFC
theflyonthewall.com: Active equity option families in first 10-minutes

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07:34 EDTWFC
theflyonthewall.com: Italy's market watchdog: Ban some financial products, Reuters reports
Authorities must regulate and even ban financial products that can wipe out people's savings, says Giuseppe Vegas, chairman of Italy's market watchdog Consob, following JP Morgan's (JPM) $2B trading loss due to a failed hedging strategy, reports Reuters. Reference Link :theflyonthewall.com
07:23 EDTWFC
theflyonthewall.com: Not just U.S. but global regulators likely to react to JPMorgan events, FT says

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07:15 EDTWFC
theflyonthewall.com: Hoenig: U.S. banks should shed risky units, FT reports

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