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Stock Market & Financial Investment News

News Breaks
May 28, 2014
11:20 EDTWFCWells Fargo CFO says keeping investment bank U.S.-centric
John Shrewsberry, Wells Fargo CFO, said the bank is very U.S.-centric in investment banking and is likely to remain that way. The bank has the opportunity to grow its market share in investment banking beyond the 5%-6% share it currently holds. Shrewsberry also said that the trading and sales side of the business never had the burden of legacy assets and is therefore not having any capital or liquidity issues. Trading and sales are also U.S.- centric and Wells Fargo doesn't see that business getting much larger over the next few years especially in the current regulatory environment. Comments were made earlier at the Deutsche Bank Global Financial Services Investor Conference.
News For WFC From The Last 14 Days
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August 20, 2014
06:02 EDTWFCWells Fargo wins approval for $62.5M settlement, Charlotte Observer says
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August 19, 2014
13:42 EDTWFCWells Fargo looks to bulk up asset-management business, WSJ says
Wells Fargo is looking to increase the size of its asset-management business to over $1T over the next decade by making acquisitions of smaller asset managers and more aggressive sales to larger investors, says the Wall Street Journal. Reference Link
August 18, 2014
09:35 EDTWFCActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AMZN DG TSLA GILD FB ABX WFC C
August 12, 2014
07:48 EDTWFCBanks posted second-highest profit in 23 years in second quarter, WSJ says
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07:12 EDTWFCWells Fargo sells nearly $1.3B in troubled mortgage debt, Bloomberg says
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August 8, 2014
07:18 EDTWFCRegulators direct banks to steer mortgage aid to hard-hit areas, FT says
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August 7, 2014
08:23 EDTWFCL.A. suit against JPMorgan over mortgage lending dismissed, Reuters reports
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August 6, 2014
12:49 EDTWFCWells Fargo sees potential legal losses up to $1.2B above reserves
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07:43 EDTWFCWells Fargo relaxes 'jumbo' mortgage guidelines, Reuters says
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06:40 EDTWFCWells Fargo volatility at two-year average
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06:23 EDTWFCSecurities Industry & Financial Markets Association to hold a seminar
Compliance & Legal Society Regional Seminar to be held in San Francisco on August 6.
06:19 EDTWFCCFA Society of Minnesota to hold a conference
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