Stocks Wells Fargo & Co

  • Foreclosed Home

    Major mortgage loan servicers showed improved results heading off foreclosures in September, according to a government report released Thursday, helping the Obama administration hit a key target ahead of schedule.

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    Several months ago on the blog we discussed the predicament small independent lenders are in because they are no longer able to access the cash to make their loans. That is because warehouse lending has dried up considerably. That leaves the big banks to get most of the share of the mortgage market.

  • Credit Cards

    Bank of America on Tuesday pledged not to hike credit card interest rates or fees before a new law intended to reform industry practices takes effect in February.

  • businesswoman

    US Banker just released its list of the Top 25 Most Powerful Women in Banking.  Does having high powered talent translate into shareholder value?  We took a look at the companies that these women work for to see how they perform relative to the industry.

  • New quarter, new strategy? According to Wells Fargo Advisors' Tom McManus, sticking with the long-term plan may be the best one. While concerns persist over the potential for a pullback before year's end, McManus said investors should stay defensive in their portfolios and fully invested for the long-term.

  • Stocks bounced back from a four-day losing streak on Monday, buoyed by strong economic data as well as bullish comments from Goldman Sachs.

  • Stocks rebounded Monday as investors' waning enthusiasm got a jolt from a report that showed the services sector has begun to expand. Plus, there was some bargain hunting after the market's two-week decline.

  • Stocks rebounded Monday as investors' waning enthusiasm got a jolt from a report that showed the services sector has begun to expand. Plus, there was some bargain hunting after the market's two-week decline.

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    Plus, calls on the banks, tech, machinery stocks and more.

  • Stocks advanced on Monday after a two-week decline, riding a better-than-expected reading on the service sector and investors' bargain hunting. Art Cashin, director of floor operations at UBS Financial Services, offered his outlook for the markets.

  • Are comments made by Nouriel Roubini on CNBC moving Monday's market by driving weak dollar trades? How should you play it?

  • Carbon Emission

    With carbon cap-and-trade legislation before Congress and increasing pressure from shareholders, US companies know they’ll have to deal with their greenhouse gas emissions, or carbon footprint, and many are jumping the gun to change their carbon liability into an asset.

  • The G7 meeting of finance ministers, instead of an aggressive statement on the dangers of a weak dollar, opted for a mealy-mouth remark that "excess volatility and disorderly movements in FX rates have adverse implications for economic and financial stability."

  • How much of a floor is there under the market?  Nonfarm payrolls for September, at a loss of 263,000 jobs, was worse than the loss of 175,000 expected. 

  • The Dow and S&P 500 suffered their worst one-day fall in three months on Thursday after economic reports fueled fears about the recovery's strength.

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    Bank of America board members Chad Gifford and William Boardman are at the top of list to replace CEO Ken Lewis for an interim term of about one year, sources close to the situation told CNBC.

  • Despite rough economic data the bulls could not be held down and reversed a 100 point drop in the Dow. But that might not be such a positive sign after all...

  • Plus, a call on Friday's jobs number.

  • Bank

    U.S. commercial banks earned $5.2 billion trading derivatives in the second quarter, as the level of risk eased in the global market for the complex financial instruments, according to a government report released Friday.

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    President Barack Obama has described how his Administration intends to overhaul U.S. financial regulations. The hallmarks of these reforms, he said, would be transparency and accountability. A more difficult challenge will be to persuade the Federal Reserve System to release similar information on the $2 trillion of emergency loans it made as part of its economic recovery program.