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Stocks Wells Fargo & Co

  • Investors were struggling with how to game the financial sector ahead of a slew of bank earnings in the days ahead. What's the trade?

  • The bank bounce today comes after a rough week for the sector last week as concerns over the foreclosure crisis heavily weighed. 

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    Last week I argued that the worst fears about devastating put-back exposures at banks were overblown. Regardless of violations of representations and warranties banks made when they sold mortgage bonds, I think it is unlikely that banks will suddenly find themselves liable for financially-crippling levels of mortgage repurchases.

  • Stocks turned mixed as Citigroup earnings lifted bank stocks, but a decline in tech stocks took strength out of the Nasdaq. JPMorgan and Exxon Mobil rose, while Intel fell. 

  • See what's happening, who's talking and what will be making headlines on Monday's Squawk on the Street.

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    Share your opinion in today's poll.

  • The "Mad Money" host shares his “Game Plan” going into the thick of the season.

  • Stocks ended higher for the week, but mixed for the day as financial stocks dragged down the Dow and technology stocks lifted the Nasdaq.  GE and Bank of America fell, HP rose.

  • On Friday the Nasdaq ended sharply higher yet the S&P dropped due to more bank woes. That divergence can't last, can it?

  • Stocks were mixed ahead of the closing bell as the financial stocks dragged down the Dow and technology stocks lifted the Nasdaq.    GE and Bank of America fell, HP rose.

  • Mortgage

    I hope you really, really like the phrase "put-back exposure."

  • Stocks came back from the lows of the session in the last few minutes of the session to end just slightly lower after a tepid government bond auction, a disappointing jobs report and the fallout continued over foreclosure practices at major banks. Bank of America and JPMorgan fell, while McDonald's rose.

  • Stocks pulled back from the lows of the session but remained down after a tepid government bond auction, a disappointing jobs report and the fallout continued over foreclosure practices at major banks. Bank of America and JPMorgan fell, while McDonald's rose.

  • Foreclosed Home

    A bigger issue emerging is what those robosigners, perhaps unbeknown to them, were covering up—big flaws in mortgage securitization that could open the floodgates to investor lawsuits against trusts.

  • Stocks fell after news of higher inflation and weakness in the employment market, and as financial stocks skidded.  McDonald's and Verizon rose, while Bank of America and JPMorgan fell.

  • It is very difficult for the S&P 500 to move ahead with financials so weak today (financials are the second biggest sector in the S&P 500, at 15.5 percent of the index, tech is the largest at 18.9 percent), but techs and healthcare are showing some mid-morning strength.

  • Foreclosure

    The US mortgage foreclosure crisis deepened as it emerged that Wells Fargo may have used practices that prompted rivals to halt home repossessions, and JPMorgan Chase said banks might be fined over the issue.

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    The foreclosure mess was years in the making and came as little surprise to industry insiders and government officials, the New York Times reports.

  • JPMorgan kicked off the major banks to report earnings Wednesday, posting a better-than-expected profit, helped by lower loan losses in its retail and credit card units. So is this the time for investors to buy banks? Matt McCormick, banking analyst and portfolio manager at Bahl & Gaynor Investment Counsel and Chris Kotowski, senior research analyst at Oppenheimer & Co. shared their insights.

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    Up to 40 state attorneys general are preparing to launch a joint investigation into the mortgage industry over the foreclosure-document mess.