Everyone likely knows Bank of America, Wells Fargo, JPMorgan Chase, and Citigroup are the biggest banks in the U.S., but where they store all their money may surprise you.
ByAbba's Aces: The week played out with intensifying tensions between Russia and Ukraine but yet, the Dow Jones Industrial Average rose 0.8% on the week for its second week of gains in as many tries, while the S&P 500 rose 1% and the Nasdaq escalated 0.7% for the week. Show More Summary
ByIAEResearch: Wells Fargo (WFC) is one of the largest banks in the U.S. with a market cap of $245 billion. The bank suffered from severe economic downturn and faced critical situation during the financial meltdown of 2008. However,Show More Summary
The Bloomberg list of top investment banking earners is out, and JPMorgan Chase, Bank of America, and Citigroup are all in the top five. Who's no. 1? Meanwhile, Wells Fargo reaches a settlement in court.
By Stock Gamer: Share price of Wells Fargo (WFC) has appreciated by 31% over the past 12 months, outperforming a 22% return for the S&P 500 Index. In my view, the stock's price uptrend will continue in 2014 given its inexpensive valuations and the company's promising growth prospects. Show More Summary
Every Penny Counts v. Wells Fargo Bank, 2014 U.S. Dist. LEXIS 28106 (M.D. Fl. 2014). In a ruling this week, Magistrate Judge McCoun rejected Wells Fargo’s indefiniteness argument made in a pre-trial summary judgment motion. Like claim construction, indefiniteness is seen as a question of law that can be resolved by a district court judge. […]
Wells Fargo’s Maynard Um and his team have a note out today dissecting the fourth quarter for IT hardware and wireless equipment for trends. They write that corporations refreshing their PCs helped stabilize demand in that industry, while demand for printers also grew. On the other hand, they write that servers saw mixed demand, and [...]
Days after a judge signed off on the $300 million JPMorgan Chase forced-place insurance settlement comes news that Wells Fargo has reached a deal that would put a little bit of money back in the pockets of some homeowners who got stuck with overly expensive insurance policies by the bank. The deal, which currently does not specify a total dollar … [More]
San Francisco Bay Area Students, Teachers, and Community to call on John Stumpf to modify Wells Fargo Loans to Reduce Student Debt and withdraw Chevron?s opposition to the Oil Extraction Tax. With student debt reaching over $1 trillion...Show More Summary
Home Depot and Lowe's both delivered solid earnings results, but what of their prospects going forward? Moreover, why is their performance good news for Wells Fargo?
Bank of America had a remarkable year in 2013, and a recent study shows it was capped off by a strong fourth quarter especially compared with peers such as Wells Fargo and Citigroup.
By F.A.S.T. Graphs: What would you do if we told you that a financial crisis was coming? Specifically, let's drill down to a single bank stock and say that we knew for certain that Wells Fargo's (WFC) share price would drop by more than 70%. Show More Summary
Intel (INTC) today unveiled new pricing lists, introducing eight 4-way Ivy Bridge-EP Xeon E5-46xx v2 series processors. Although the stock is down (with the rest of the market), Wells Fargo’s David Wong has a note out reiterating his Outperform rating, as he sees the launch of these processors as building on the firm’s top-end E7 [...]
By Harlan Levy: Scott L. Wren is a senior equity strategist with Wells Fargo Advisors. Previously he was a senior equity strategist with A.G Edwards. Harlan Levy: What are your thoughts on the combination of fourth-quarter Gross Domestic...Show More Summary
Allen Iverson was immortalized by the Philadelphia 76ers, who honored him by retiring his No. 3 jersey during a halftime ceremony Saturday night at the Wells Fargo Center. “You have to show me the fool that says dreams don’t come true,” an emotional Iverson told a sold-out crowd that chanted “M-V-P,” “because they do. I […]
While South Dakota may be best known for Mount Rushmore and the Black Hills, Citigroup and Wells Fargo have also selected its largest city as the location for their two biggest bank branches.
What do these asset titles mean?
Two years ago, Wells Fargo changed its customer agreement, taking away the rights of customers to resolve disputes with the bank through the typical legal process afforded citizens of the United States. Current Wells Fargo customers tacitly or knowingly agreed to sign away these rights in favor of an arbitration system that favors wealthy corporations. [...]Show More Summary
Justin Timberlake had an interesting night in Philadelphia. While performing at the Wells Fargo Center, he had his rear end grabbed in the middle of a song. Luckily the veteran performer was able to literally shake off the awkward situation. E!...Show More Summary
The nation’s biggest home lender, Wells Fargo, is set to cut 700 more mortgage jobs with more cuts possible in the coming months due to declining demand for buying and refinancing property, Bloomberg’s Elizabeth Dexheimer reports. The cuts are on...