Wells fargo Stories
Demonstrators Targeting Bank Of America Annual Meeting
Demonstrators are expected to swarm Bank of America Corp's annual shareholder meeting on Wednesday to voice anger over a range of issues from foreclosures to corporate taxes to financing for the coal industry.
Yolanda Quesada Fired From Wells Fargo For Shoplifting Crime Committed 40 Years Ago
Yolanda Quesada has been fired from her customer service position at Wells Fargo for a shoplifting crime she committed 40 years ago.
IBM Acquires Tealeaf, SAP Spinoff, To Boost e-Commerce Platform
International Business Machines Corp. (NYSE: IBM), the No. 2 computer maker, said it agreed to acquire privately held Tealeaf Technology, a specialist customer analytics software.
BNP Paribas Q1 Profit Rises 9.6%
French bank BNP Paribas SA (BNP.FR) reported Friday 9.6 percent rise in profits in the first quarter from a year ago, boosted by the sale of more than half of its stake in real estate firm Klepierre.
May Day Rallies Around the World: Enraged Worker Unions, Activists Get Violent (PHOTOS)
Thousands of agitated protestors took to the streets banging drums, waving flags and placards on May Day, popularly known as Labor Day, all over the world on Tuesday.
Flyers vs Devils: Watch LIVE Online Stream; Preview for Game 2
The Devils look to even up their series with the Flyers tonight at one game apiece.
Wells Fargo Enters Prime Brokerage World With Merlin Acquisition
Wells Fargo & Co. (NYSE: WFC) annouced Friday the acquisition of prime broker Merlin Securities LLC for an undisclosed amount. The move is the bank's first move into prime brokerage services, which provides clients such as hedge fund managers to records-handling and trade-clearing services.
Philadelphia Islamic Group Offers $20,000 Reward For Arrest Of Criminals Wearing Muslim Women's Clothing
There are men in the Philadelphia area dressing as Muslim women, carrying out bank robberies and a homicide and an Islamic group wants it to stop. The members of Majlis Ash Shura have taken a proactive approach to crime solving and have offered a $20,000 reward for information that lead to the suspects' arrest and conviction.
Sprint Shares Sprint 7% As Losses Narrow
Shares of Sprint Nextel (NYSE: S), the No. 3 U.S. telecommunications company, jumped as much as 7 percent after the company reported a lower-than-expected first-quarter loss.
Protesters picket Wells Fargo meeting, 24 arrested
Police in riot gear arrested two dozen people on Tuesday as protesters with a huge inflated rat sought to disrupt a Wells Fargo & Co annual shareholder meeting to express anger over foreclosures, executive compensation and corporate taxes.
HeartWare Shares Up As FDA Safety Review Minimized
U.S. medical device reviewers said HeartWare International Inc's blood pump seemed to help people with severe heart failure but raised concerns about device-associated clotting rates and stroke.
Bank of America Expected To Swing To Loss In 1Q
Bank of America (NYSE: BAC) is expected to report highly disappointing financial results Thursday morning, a development that -- as has been the case in the past -- will provide plenty of schadenfreude to the company's vociferous and numerous critics.
Morgan Stanley Seen Earning Somewhat Less Than Year-Ago, Barring Surprises
Morgan Stanley (NYSE: MS), the exalted New York house of finance that is a veritable icon of white-shoe Wall Street firms, is expected to report first-quarter financial results Thursday somewhat weaker than a year-ago, a consensus of bank analysts has noted, as the firm is unlikely to have benefited as much as peers from positive developments that lifted large-cap U.S. banks during the first quarter.
BoA Seeks Buyer For $3B Non-US Wealth Management Business
Bank of America Merrill Lynch, the world's largest wealth manager, is seeking a buyer for its wealth management operations outside the U.S., Reuters said Tuesday.
Chinese, Spanish, US News Hammers Investors: Daily Markets Wrap
The bears were on the prowl Friday, as negative economic news out of China, Spain, and the U.S. left global investors struggling to find safe places for their cash -- and the positive developments that did surface appeared to have little effect.
Mortgages Boosted JPMorgan Chase and Wells Fargo in 1Q, But Stocks Plunge
JPMorgan Chase & Co. (NYSE: JPM) and Wells Fargo & Co. (NYSE: WFC) beat first quarter earnings expectations Friday with the help of rising mortgage revenue, but the weak housing market could drag down future gains for the two big banks.
Wells Fargo reports higher profit on mortgage gains
A surge in mortgage banking income lifted Wells Fargo & Co's first-quarter profit by 13 percent, but its shares fell on concern that the bank is falling behind on its drive to cut expenses.
Wall Street fall on China GDP, Spanish yields
Stocks fell Friday on disappointing Chinese economic data and renewed concerns over Spain's rising borrowing costs.
Stock futures fall on Spanish yields, China GDP
Stock index futures fell on Friday as concerns over Spain's rising borrowing costs resurfaced and after disappointing Chinese growth data, and banks fell after quarterly results.
Wells Fargo 1Q Profit Tops View On Mortgage Strength
Wells Fargo & Co., the fourth-largest U.S. commercial bank, said Friday strong mortgage activity during the first quarter offset higher expenses to produce higher-than-expected revenue and profit.
US Stock Futures Fall On Spanish Yields, China GDP
Stock index futures fell on Friday as concerns over Spain's rising borrowing costs resurfaced and after disappointing Chinese growth data, and banks fell after quarterly results.
Futures fall on Spanish yields, China GDP
Stock index futures fell on Friday as concerns over Spain's rising borrowing costs resurfaced and after disappointing Chinese growth data, and banks fell after quarterly results.
Futures Off As Spain Yields Rise, China Disappoints
Stock index futures fell on Friday as concerns over Spain's rising borrowing costs resurfaced and after Chinese data that had fueled the previous day's rally disappointed.
Wells Fargo Seen Riding Wave of Mortgages to Solid 1Q Earnings
Wells Fargo & Co. (NYSE: WFC) is expected to report a big jump in quarterly earnings and a small rise in revenue on increasing mortgage refinancing during the first three months of the year.
Jobless Claims Jump To 380,000, Higher Than Forecast
Claims for jobless benefits rose to 380,000 last week, giving economists another piece of data to worry about after a gloomy job market showing in March. Meanwhile, a Federal Reserve report published Wednesday painted a picture of a recovery that continues to press ahead, however, modestly, amid concerns of higher fuel prices.
Proxy Firms Back Splitting Of Chairman, CEO Posts At Wells Fargo
Two proxy advisory firms are backing a shareholder proposal to split the roles of chairman and chief executive at Wells Fargo & Co , putting pressure on another U.S. bank to revamp its leadership structure.
JP Morgan Chase, Wall Street Enigma, Sees Earnings Upside
That Wall Street expects J.P. Morgan to outperform its peers shouldn't come as a surprise. Besides being the biggest, it's arguably among the three or four most stable big banks.
26 Big US Companies Paid No Federal Income Tax From 2008 To 2011
The federal income tax for 30 companies was negative during the four-year period, even though they brought in a combined $205 billion in gross profit.
Wells Fargo upgrades AIG on likely bailout exit
American International Group Inc will likely become independent from the U.S. government over the next year, Wells Fargo Securities said, upgrading the shares of the bailed-out insurer to outperform.
Federal Judge Approves $25B Mortgage Pact
A federal judge approved a $25 billion mortgage settlement with five top U.S. banks over allegations of foreclosure abuses and misconduct in servicing home loans, according to court documents.