GO
Loading...

Enter multiple symbols separated by commas

Stocks Wells Fargo & Co

More

  • Two charged in 2011 cyber breach at Michaels retailer Thursday, 30 Jul 2015 | 5:36 PM ET

    The charges against Angel Angulo, 25, of Riverside, and Crystal Banuelos, 28, of Bloomington, were announced on Thursday by U.S. Attorney Paul Fishman in New Jersey, where Michaels also has stores. The scheme lasted from February to May 2011, when the defendants possessed 179 counterfeit cards in New Jersey, and affected seven banks including Bank of America Corp,...

  • What does sudden CFO exit mean for BofA? Tuesday, 28 Jul 2015 | 11:04 AM ET
    Brian Moynihan

    The New York Times explores the environment at Bank of America that led to Thompson's departure and what lies ahead.

  • A look at the largest companies in the S&P 500 Friday, 24 Jul 2015 | 7:08 PM ET

    Amazon surpassed the world's largest retailer, Wal-Mart Stores Inc., in market value Friday, on the back of a strong earnings report. Amazon shares closed up nearly 10 percent, giving the Seattle company a market value of $247.77 billion, versus $230.53 billion for Wal-Mart. A company's market value is calculated by multiplying the number of shares of stock it...

  • Technology shares lead a slump in US stocks; Apple sinks Wednesday, 22 Jul 2015 | 10:18 AM ET

    U.S. stocks notched their second decline in as many days Wednesday, pulled down by a technology stock slump headlined by Apple and Microsoft. Both companies delivered disappointing quarterly results or outlooks the night before, setting the stage for the sell-off in the technology sector. "Apple is the biggest publicly traded company in the world, so it's going...

  • July 22- St. Jude Medical Inc agreed to buy smaller rival Thoratec Corp for about $3.4 billion to expand its portfolio of heart failure devices. Jude said on Wednesday it would offer $63.50 per Thoratec share, which represents a premium of about 10 percent to the stock's Tuesday close. Thoratec's shares closed up 18 percent on Tuesday after Bloomberg reported...

  • TORONTO, July 21- Infidelity website AshleyMadison.com, which has been struggling to launch a London IPO, can kiss goodbye plans for a listing this year, banking sources said on Tuesday, as hackers threatened to publish names and salacious details about its clients unless the website shuts itself down. The website's Canadian parent hoped to raise up to $200...

  • Executives from both JPMorgan Chase& Co. and Wells Fargo& Co. told investors last week, when posting earnings, that they were increasingly concerned about loans to oil and gas companies. Texas bank Comerica Inc on Friday set aside about three times as much money to cover bad loans as analysts had expected, sending the regional bank's shares lower by more than 6...

  • Fed directs 8 biggest US banks to hold extra capital Monday, 20 Jul 2015 | 1:17 PM ET

    The requirements also are aimed at encouraging the Wall Street mega-banks to shrink so they pose less risk to the financial system. The banks include JPMorgan Chase, Citigroup and Bank of America. JPMorgan is the only one that doesn't already meet the requirements, which will be phased in from 2016 through 2018 and take full effect on Jan. 1, 2019.

  • Interest-only mortgages: They're baaack Monday, 20 Jul 2015 | 1:03 PM ET
    Real estate

    Once considered toxic during the housing crash, interest-only mortgages are making a comeback, but these are not the loans of yesteryear.

  • Price of gold falls to lowest level in five years Monday, 20 Jul 2015 | 12:42 PM ET

    The U.S. economy has been on firmer footing, and tumult in China's markets and Greece's debt crisis have failed to restore the metal's appeal as a haven from global turmoil. The price of gold had surged in the years immediately after the 2008 financial crisis, topping out at nearly $1,900 an ounce in August 2011, as investors anticipated that the Federal Reserve's...

  • Bove: Time to 'aggressively' buy big banks Monday, 20 Jul 2015 | 12:22 PM ET
    Dick Bove

    The cloud has lifted over banks and Dick Bove says it's time to "aggressively" buy some of the big names.

  • *Los Angeles, Chicago claimed bank targeted minorities. July 17- Wells Fargo& Co won the dismissal of two lawsuits on Friday that had accused the largest U.S. mortgage lender of violating the federal Fair Housing Act by engaging in predatory lending practices in Los Angeles and Chicago. The lawsuits by the city of Los Angeles and by Cook County, Illinois, which...

  • July 17- Wells Fargo& Co on Friday won the dismissal of a lawsuit by Los Angeles that accused the largest U.S. mortgage lender of violating the federal Fair Housing Act by engaging in predatory lending practices. District Judge Otis Wright said the "undisputed facts" show that Wells Fargo did not violate the FHA during the two-year statute of limitations period.

  • July 17- Wells Fargo& Co on Friday won the dismissal of a lawsuit by Cook County, Illinois that accused the largest U.S. mortgage lender of violating the federal Fair Housing Act by engaging in predatory lending practices in the Chicago area. Cook County, which includes Chicago, accused Wells Fargo of targeting tens of thousands of black, Hispanic and female...

  • July 17- Wells Fargo& Co on Friday won the dismissal of a lawsuit by Cook County, Illinois that accused the largest U.S. mortgage lender of violating the federal Fair Housing Act by engaging in predatory lending practices in the Chicago area. District Judge Gary Feinerman in Chicago said dismissal was appropriate because Cook County, which includes Chicago, was...

  • TORONTO/ FRANKFURT, July 16- Canadian automotive parts maker Magna International Inc said on Thursday it would buy privately-owned German car parts maker Getrag for 1.75 billion euros, in a bid to expand its automotive transmission systems business. Earlier this year, Magna sold most of its automotive interiors unit to Spain's Grupo Antolin for $525 million.

  • Citi posts highest profit in 8 years as costs plunge Thursday, 16 Jul 2015 | 8:14 AM ET
    Pedestrians walk in front of a Citibank branch in New York.

    Citi delivered quarterly earnings that topped analysts' expectations on Thursday, as restructuring and cost cuts paid off and legal costs plunged.

  • *Litigation expenses fall to $175 mln from $4 bln. July 15- Bank of America Corp, the No. 2 U.S. bank by assets, reported its biggest quarterly profit in nearly four years as expenses fell to their lowest since the financial crisis. Litigation expenses fell to $175 million from $4 billion a year earlier, allowing the bank to reap the benefits of the cost cuts introduced...

  • BofA profit more than doubles on lower legal costs Wednesday, 15 Jul 2015 | 9:21 AM ET
    Pedestrians pass in front of a Bank of America branch in New York.

    Bank of America reported quarterly earnings that beat analysts' expectations on Wednesday.

  • July 15- Bank of America Corp, the No. 2 U.S. bank by assets, reported its biggest quarterly profit in nearly four years on Wednesday as mortgage banking revenue soared and expenses fell to their lowest since the financial crisis. Net income attributable to the bank's shareholders more than doubled to $4.99 billion, or 45 cents per share, in the second quarter ended...