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Stocks Wells Fargo & Co

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  • 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...

  • Cramer Remix: Wake up or you'll miss these stocks Tuesday, 14 Jul 2015 | 7:21 PM ET
    Jim Cramer on Mad Money.

    Jim Cramer calls out the biotech winners that are trading higher in this market.

  • Cramer: Beware! Expensive earnings season mistakes Tuesday, 14 Jul 2015 | 6:11 PM ET
    A gas flare is seen at an oil well near Williston, North Dakota.

    Jim Cramer now calls it mistake season instead of earnings season. Don't let these expensive mistakes ruin your portfolio!

  • NEW YORK, July 14- Rising U.S. interest rates may not boost bank profits by as much as many executives and investors hope, JPMorgan Chase& Co Chief Executive Jamie Dimon said on Tuesday. Investors expecting the Federal Reserve to lift rates this year have purchased U.S. bank shares, helping them perform much better than the overall U.S. stock market.

  • *JPMorgan profit beats estimates; Wells Fargo revenue misses. Oil prices were initially lower on concerns a deal between Iran and six global powers would result in more supply, but turned higher after it became apparent sanctions on Tehran's crude exports would not be removed immediately. The S&P energy sector advanced 0.8 percent, led by a 0.8 percent gain in...

  • Traders on the floor of the New York Stock Exchange.

    U.S. stocks closed higher as second-quarter earnings season began and investors eyed developments in Greece and a slight recovery in oil prices.

  • NEW YORK, July 14- Wells Fargo Corp's more than 15,000 brokers marched to their parent's cross-marketing drum beat in the second quarter, increasing sales of loans and money-management products to clients, the San Francisco- based bank said on Tuesday. Overall, Wells Fargo's "Wealth, Brokerage and Retirement" sector, which also includes its private bank and its...

  • *JPMorgan profit beats estimates; Wells Fargo revenue misses. July 14- Wall Street was higher in early afternoon trading on Tuesday, led by a rally in healthcare stocks and as energy stocks rose after oil prices recovered on easing fears of higher crude supplies due to the Iran nuclear deal. Micron Technology jumped as much as 12.7 percent to $19.84 and was the...

  • Here's what weak retail sales mean for the markets Tuesday, 14 Jul 2015 | 1:22 PM ET
    Trader on the floor of the New York Stock Exchange.

    Poor retail sales report could impact GDP.

  • *JPMorgan profit beats estimates; Wells Fargo revenue misses. Twitter jumped as much as 8.5 percent to $38.82 after a report, purportedly from Bloomberg, that the company was made a $31 billion offer. Micron jumped as much as 12.4 percent and was the biggest gainer on the S&P 500. China's state-backed Tsinghua Unigroup Ltd is preparing a $23 billion bid for the U.S....

  • Trader buys 'disaster insurance' on financials Tuesday, 14 Jul 2015 | 11:17 AM ET
    Traders work on the floor of the New York Stock Exchange.

    CNBC Contributor Mike Khouw outlines a bearish options bet on the XLF.

  • Cramer: Selling Wells Fargo now would be stupid Tuesday, 14 Jul 2015 | 10:45 AM ET
    Customers wait in line for an ATM outside of a Wells Fargo & Co. bank branch in Los Angeles, California.

    "Whoever is doing this snap-judgment trading is as stupid as the people who got short ahead of the deal with Greece," Cramer said.

  • US STOCKS-Wall St slightly higher as oil prices recover Tuesday, 14 Jul 2015 | 10:20 AM ET

    *JPMorgan profit beats estimates; Wells Fargo revenue misses. U.S. companies are expected to report their worst sales decline in nearly six years when they post second-quarter results, while earnings are expected to have fallen 2.9 percent, according to Thomson Reuters estimates data. "The focus is shifting from macro factors to micro as we head into earnings...