GO
Loading...

Wells Fargo & Co

More

  • Fed Pres Kohn's Statement Should Spark Rally Wednesday, 28 Nov 2007 | 11:49 AM ET

    Fed Pres Donald Kohn moved futures 5 points up at 8 am ET by saying that if tighter credit conditions made credit more expensive and discouraged spending, it "would require offsetting policy action." This seems to imply more rate cuts, whether of the fed funds type or the discount rate.

  • Wells Fargo to Take $1.4 Billion Charge Wednesday, 28 Nov 2007 | 7:27 AM ET
    A Wells Fargo bank branch in downtown San Francisco.

    After avoiding major trouble most of the year, Wells Fargo has finally bogged down in the mortgage muck that's muddying one major bank after another.

  • Market Insider/Wednesday Look Ahead Tuesday, 27 Nov 2007 | 9:56 PM ET

    Tuesday's market action was the mirror opposite of Monday's mayhem. The Dow rose 215 points, or 1.69%. Money poured into the financial stocks. The credit markets calmed down, and 10-year Treasury futures traded near record volume but in a fairly tempered way. The dollar rallied. All this started with news Abu Dhabi Investment Authority was investing $7.5 billion in Citigroup.

  • Today the home builders released their monthly sentiment report, which is the product of a survey by the National Association of Home Builders and Wells Fargo. The sentiment number gauges current sales conditions, future sales expectations and buyer traffic.

  • Fannie Mae Hits 10-Year Low on Accounting Questions Friday, 16 Nov 2007 | 2:38 PM ET

    Fannie Mae shares  plunged 10 percent to their lowest in more than a decade on Friday after the company on a conference call failed to calm investors concerned about loss accounting.

  • Stocks Close Lower On More Credit Worries Thursday, 15 Nov 2007 | 6:08 PM ET

    Stocks closed sharply lower as investors remained skittish about the housing slump's toll on the economy and potential credit losses at big financial services companies.

  • Berkshire Hathaway's nearly 14 million shares of Carmax are worth substantially more at today's closing bell than they were 24 hours before. The big rally follows the revelation in an SEC filing by Warren Buffett's holding company that it held 13,981,800 shares of the nation's biggest used-car retailer as of September 30, the end of Berkshire's third quarter.

  • Wells Fargo: Housing Slump Worst Since Depression Thursday, 15 Nov 2007 | 4:03 PM ET
    A Wells Fargo Bank in Palo Alto, California.

    Wells Fargo believes the nation's housing slump is the worst since the Great Depression and is far from over, Chief Executive John Stumpf said Thursday.

  • That's what Wells Fargo CEO John Stumpf says. Watch Cramer's reaction.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • Bad-News Banks: Is Worst Of Debt Woes Really Over? Thursday, 15 Nov 2007 | 3:09 PM ET

    Several financial institutions have been telling investors that subprime  losses may not be as big as feared. Yet many wonder if it's all just wishful thinking.

  • Doing Good, Doing Well Wednesday, 7 Nov 2007 | 10:47 AM ET

    Money isn't the only thing that's green at Wells Fargo.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • Lightning Round: AIG, Fannie Mae, Home Depot and More Tuesday, 6 Nov 2007 | 10:22 AM ET

    Cramer makes the call on viewers' favorite stocks.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.

  • Long And Foster's Mortgage Tactics: A Desperate Move Monday, 5 Nov 2007 | 12:17 PM ET

    An interesting piece in the Washington Post today about Long and Foster, which is DC’s largest residential real estate brokerage. The founder, P. Wesley Foster Jr. apparently sent out a memo to employees, criticizing them for using outside mortgage lenders over the company’s own Prosperity Mortgage, a joint venture with Wells Fargo.

  • Market Worry: Consumer Contagion Coming? Wednesday, 31 Oct 2007 | 12:36 PM ET

    Despite the positive economic news, there is concern about the consumer out there. Morgan Stanley just downgraded large cap banks like Citi, Bank of America, and Wells Fargo; the note was ominously titled, " Consumer Contagion Coming."

  • Bank of America Quits Wholesale Mortgage Business Thursday, 25 Oct 2007 | 7:01 PM ET
    Bank of America branch, New York City.

    Bank of America on Thursday said it will stop offering home mortgages through brokers by the end of the year, resulting in a loss of 700 jobs, so that it may focus on lending directly to consumers.

  • Wachovia Shares Slip on Profit Drop Friday, 19 Oct 2007 | 3:45 PM ET
    A Wachovia branch bank is shown in a Charlotte, N.C. file photo from July 20, 2006. After a rough year, the banking industry appears headed for another in 2007. (AP Photo/Chuck Burton, File)

    Wachovia on Friday posted a 10 percent decline in quarterly profit, missing forecasts, amid $1.3 billion of write-downs at its investment banking unit. Also: All about Wachovia's $7 billion potential headache.

  • Stocks End Lower on Bernanke's Warning on Economy Tuesday, 16 Oct 2007 | 4:20 PM ET

    Stocks fell after Fed Chairman Ben Bernanke said the housing slump is likely act as a drag on to U.S. economic growth, sparking investor concerns. "It was just last month Bernanke was saying things were contained, but now he's saying housing troubles can spread," said Brian Hicks, president of Wealth Daily. "This-flip flop in the last month has really spooked the markets."

  • Fed Rate Cuts: Can They Help Financials? Tuesday, 16 Oct 2007 | 4:02 PM ET

    Today's disappointing earnings commentary from regional bank giants Wells Fargo and KeyCorp drove many regional banks to new lows. Analysts note that many banks are facing slowing loan growth, weak deposit growth, and potentially higher losses on residential and (in some cases) commercial mortgage.

  • Wells Fargo Profit Growth Slows on Credit Pressures Tuesday, 16 Oct 2007 | 3:49 PM ET
    A Wells Fargo bank branch in downtown San Francisco.

    Wells Fargo & Co, the fifth-largest U.S. bank, said Tuesday third-quarter profit rose 4 percent, a smaller increase than normal, as increased consumer and business lending helped offset credit pressures from home equity and auto loans.

  • Stop Trading!: Fluor Power Tuesday, 16 Oct 2007 | 3:32 PM ET

    Cramer said this stock was the best way to play infrastructure growth in the Middle East.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.