Stocks fizzled in higher volume Wednesday, as most of the major indexes fell to multiyear lows.
Results 1 - 10 of 131 for "WELLS"
Stocks Continue Plunging; Some Indexes Make Fresh Lows As Selling Swells Late
Wed, Nov 19, 7:38 PM ET
The events of 2008 have completely reshaped the landscape of the U.S. commercial banking industry. At this point it looks as if four major banks will emerge as the dominant players: two relatively strong ones; and two that face a more challenging competitive environment. Here the charts identify the players nicely. From the peak of October 2007, Wells Fargo (WFC) and JPMorgan Chase (JPM) have e...
It used to be that buying a stock was like buying a house. You’d find a house that looked super from the street – and inspect it carefully, before committing to a deal. But what if you couldn’t get inside? Or even worse, what if the property changed after you carefully inspected it, so that you ended up buying a house with a trashed interior, or a crumbling foundation that mad...
Citigroup Inc. (C) today (Monday) unveiled plans to cut more than 50,000 jobs in the “near term” and slash expenses by 20% to preserve capital as it faces a global slowdown that’s expected to push well into 2009. The cuts are on top of the 23,000 jobs eliminated so far this year. Chief Executive Officer Vikram Pandit plans to whittle the company’s workforce down to 300,0...
This is the first I have seen of proactively dropping Fannie/Freddie waivers by a large-named mortgage lender. As you can take from Wells Fargo’s (WFC) message below Fannie and Freddie will still buy low documentation loans (pseudo-stated income) if their magic computer systems, DU and LP respectively, say the borrowers are a good risk. Typically Fannie/Freddie waivers are allowed on what...
The events of 2008 have completely reshaped the landscape of the U.S. commercial banking industry. At this point it looks as if four major banks will emerge as the dominant players: two relatively strong ones; and two that face a more challenging competitive environment. Here the charts identify the players nicely. From the peak of October 2007, Wells Fargo (WFC) and JPMorgan Chase (JPM) have e...
BAC, GS, AXP, FNM, MER printed new 20-day lows. XLF is very close to its lows. Multiple positive divergences of MACD. It is now moving within a descending channel.In the Figure you can see a summary of the trend conditions of the Index stocks. I used the 20, 50, 100 and 200 days moving average of the close. The background is Green when the close is > than the moving average. Red when it is b...
Earnings highlights: Starbucks, Best Buy, JCPenney, Agilent, Wells Fargo and others
Sat, Nov 15, 3:40 PM ET
Filed under: Earnings reports, Starbucks (SBUX), Penney (J.C.) (JCP), Agilent Technologies (A), Best Buy (BBY), Nortel Networks (NT), Toll Brothers (TOL), Tyson Foods'A' (TSN), Wells Fargo (WFC)Here are some highlights from this past week's earnings coverage from BloggingStocks: Agilent Technologies Inc. (NYSE: A) topped estimates but offered an outlook below expectations. Best Buy Co. (NYSE: B...
New Warren Buffett & Berkshire Hathaway Stocks T-Z (TMK, USB, USG, UNP, UPS, WBC, WMT, WPO, WFC, WLP, WSC)
Fri, Nov 14, 5:26 PM ET
We have outlined the changes in the holdings of Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK-A) and consolidated these into alphabetical order from "T to Z" for the quarter ended on September 30, 2008: Torchmark Corp. (NYSE: TMK) 2.82 million US Bancorp (NYSE: USB) over 72.9 million; looks UP from June USG Corp. (NYSE: USG) 17.072 million shares (same) Union Pacific Corp. (NYSE: UNP) 8....
The Italian bank could use its €24bn retained deal to swap for funding from the European Central Bank or just to ease the pressure on its capital base