Today the Dow went up 2% in the last 45 minutes. THAT is ridiculous.» Read More
Wells Fargo's acquisition of Wachovia late last year helped the bank generate a surprisingly healthy $3 billion in earnings for the first quarter, Wells Fargo CFO Howard Atkins told CNBC.
Wells Fargo's big upside earnings surprise has got everyone dissecting what is exactly is going on here; most agree it is a real estate recovery story, at least for the moment.
Wells Fargo Bank shocked Wall Street today with an earnings report that was double what the street mavens expected. Stocks shot up 200 points. What’s the first message? Banks are turning profitable. They’re in better shape than people think.
Stocks rose sharply Thursday as investors cheered a surprise earnings forecast from Wells Fargo.
Steve Forbes thinks the Wells Fargo profit statement is a strong sign of better things to come. The president and CEO of Forbes, Inc. offered CNBC his insights into financials, the economy — and how to make Tim Geithner cry.
Stocks shot out of the gate Thursday as investors cheered a surprise earnings forecast from Wells Fargo.
Art Cashin, UBS Financial Services director of floor operations, offered CNBC his take on what traders are expecting Thursday.
Careful here: the market is showing signs of ignoring bad news (CEOs are consistently talking down expectations) and jumping all over any glimmer of good news.
US stock index futures rose ahead of the open Thursday as Wells Fargo surprised investors by pre-announcing its forecast-beating earnings results.
The Dow closed in negative territory Monday, ending a four day winning streak.
Stocks fell Monday amid doubts over the health of the banking industry and the apparent collapse of a major deal in the technology sector.
Following a 4-week rally the markets traded lower as of midday Monday, weighed by on-going concerns over the health of the financial sector. Despite four weeks of steep gains, financials, industrials, and utilities companies remain deep in the red year-to-date, recording losses over 10%. Which are the worst/best performing companies?
Many of the recent fixes in the financial sector are merely "window dressing" and problems still persist in the banking sector, says veteran baking analyst Michael Mayo.
Banks might be back to their old tricks. There’s speculation some are colluding to swap assets at inflated prices using taxpayers' dollars!
For the first time in what seems like forever, options trading is showing strong signs of interest in financial companies, and some long-awaited takeover talk in telecom.
Prospects for banks have improved significantly and one analyst is says now is a good time to buy into selected financials
Optimism prevailed in the stock market on Thursday; with many investors more hopeful than they’ve been in a long time that the financial system may soon stabilize.
"This is a really big moment," says one investment pro. "The real question in my mind is if we are dragging the floor up."
The sooner those banks which don’t need Federal Government loans – Goldman Sachs? Morgan Stanley? Wells Fargo? – can repay them, the better.
Four small banks became the first to return millions of dollars of emergency aid, and more may soon follow as the industry tries to escape what it considers the onerous conditions attached to the government’s money.