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Stock Market & Financial Investment News

News Breaks
November 13, 2012
10:33 EDTWFCWells Fargo reports 812,019 active trial, completed modifications through Sept.
Wells Fargo reported that as of September 30, the company had in place 812,019 active trial or completed mortgage modifications initiated since the beginning of 2009. Of those, 683,357 modifications—or approximately 84%—were done through proprietary programs and 128,662 were done through the federal government’s Home Affordable Modification Program. Fewer than 2% of the loans secured by owner-occupied properties in Wells Fargo’s mortgage servicing portfolio have resulted in a foreclosure sale over the past 12 months and nearly 93% of Wells Fargo’s home loan customers remained current on their mortgage payments in Q3.
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March 26, 2015
08:17 EDTWFCSEC Chairwoman proposes new 'dark pool' regulation, NY Post says
Securities and Exchange Commission Chairwoman Mary Jo White proposed new regulation Wednesday that would require high-frequency traders to register with the Financial Industry Regulatory Authority and provide the agency with a daily paper trail, reports the New York Post. The Post notes that there is a 60-day comment period before any SEC rule is finalized. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
06:11 EDTWFCWells Fargo to close Milwaukee office, cut 1,000 jobs, AP reports
Wells Fargo will eliminate about 1,000 jobs in Milwaukee as the bank closes its home lending servicing office in the city, The Associated Press reports. The bank said in an emailed statements that fewer customers have become delinquent on their payments as the economy has improved, and fewer customers have needed assistance to stay in their homes. Reference Link
March 24, 2015
07:45 EDTWFCMetLife CEO letter may be early sign of bank earnings headwinds, WSJ says
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07:27 EDTWFCTelsey Advisory to hold a conference
2015 Consumer Conference is being held in New York on March 24-25.
March 23, 2015
07:19 EDTWFCCapital Link to hold a forum
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March 19, 2015
11:53 EDTWFCU.S. banks face headwinds in unloading oil loans, WSJ says
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