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Stock Market & Financial Investment News

News Breaks
January 11, 2013
10:04 EDTWFCWells Fargo CEO says complete housing recovery will still take some time
Says "no doubt" a corner was turned in 2012 for housing market. Comments made on the Q4 earnings conference call.
News For WFC From The Last 14 Days
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June 17, 2013
07:31 EDTWFCDNV KEMA to host a forum
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07:10 EDTWFCBig banks fight new rules for small loans, WSJ reports
Large banks are pushing back against regulators' plans to toughen rules on short-term, high-interest consumer loans. Wells Fargo, the largest bank to offer "deposit-advance loans," told regulators that it will discontinue the loans if plans for tougher rules are completed, reports the Wall Street Journal.Reference Link
06:14 EDTWFCOn the Fly: Periodicals Wrap-Up
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June 14, 2013
10:10 EDTWFCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Express (AXP) downgraded to Equal Weight from Overweight at Barclays... AngloGold (AU) downgraded to Sell from Neutral at UBS... DuPont (DD) downgraded to Neutral from Buy at BofA/Merrill... Myriad Genetics (MYGN) downgraded to Neutral from Buy at BofA/Merrill... Progress Software (PRGS) downgraded to Hold from Buy at Needham... Rubicon (RBCN) downgraded to Sell from Neutral at Goldman... Southern Company (SO) downgraded to Hold from Buy at Jefferies... SunTrust (STI) downgraded to Neutral from Buy at UBS... Wells Fargo (WFC) downgraded to Neutral from Buy at Sterne Agee... FIS (FIS) downgraded to Neutral from Outperform at RW Baird... SM Energy (SM) downgraded to Hold from Buy at Societe Generale..Wells Fargo (WFC) downgraded at Sterne Agee.
07:57 EDTWFCWells Fargo downgraded at Sterne Agee
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06:30 EDTWFCWells Fargo downgraded to Neutral from Buy at Sterne Agee
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June 12, 2013
10:14 EDTWFCOn the Fly: Downgrade Summary
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06:21 EDTWFCWells Fargo downgraded to Underweight from Neutral at Atlantic Equities
05:58 EDTWFCSome major banks get two year delay on swap rule, WSJ reports
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June 11, 2013
18:35 EDTWFCBanks given extension to spin off swaps units, WSJ reports
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07:30 EDTWFCMorgan Stanley to host a conference
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June 7, 2013
16:14 EDTWFCFormer Wells Fargo unit reaches agreement with Fed on mortgage loans
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June 6, 2013
12:06 EDTWFCWells Fargo settles foreclosure-upkeep case for $42M, WSJ says
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07:01 EDTWFCWells Fargo volatility increases as shares pullback
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06:09 EDTWFCNAB seeks U.S. loan market tie-up with Wells Fargo, Reuters reports
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June 5, 2013
07:29 EDTWFCDeutsche Bank to host a conference
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June 4, 2013
11:20 EDTWFCFINRA orders Bank of America, Wells Fargo to pay $3M reimbursement
The Financial Industry Regulatory Authority announced that it has fined two firms a total of $2.15M and ordered the firms to pay more than $3M in restitution to customers for losses incurred from unsuitable sales of floating-rate bank loan funds. FINRA ordered Wells Fargo (WFC) to pay a fine of $1.25M and to reimburse approximately $2M in losses to 239 customers. FINRA ordered Bank of America (BAC) to pay a fine of $900,000 and to reimburse approximately $1.1M in losses to 214 customers. In concluding the settlement, Wells Fargo and Bank of America neither admitted nor denied the charges, but consented to the entry of FINRA's findings.
10:10 EDTWFCWells Fargo management to meet with Deutsche Bank
Meeting to be held in New York on June 4 hosted by Deutsche Bank.

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