Top News & Analysis North Dakota

  • Even as the San Francisco- based lender extended more loans, its profits fell 3.5 percent because it has started setting aside more money for possible losses in the future. Wells Fargo's shares fell 3 percent in afternoon trading following the results. At least five analysts asked Chief Executive John Stumpf and Chief Financial Officer John Shrewsberry about...

  • The bank, the biggest U.S. mortgage lender, said its net income applicable to common shareholders fell to $5.2 billion in the second quarter, from $5.4 billion a year earlier. Earnings per share slipped to $1.01 from $1.03, matching the average analyst forecast, according to Thomson Reuters I/B/E/S. Wells Fargo's $950.8 billion worth of average loans during the...

  • The bank, which is also the biggest U.S. mortgage lender and a major lender to the energy sector, said its net income applicable to common shareholders fell to $5.17 billion in the second quarter ended June 30, from $5.36 billion a year earlier. Earnings per share slipped to $1.01 from $1.03, matching the average analyst forecast, according to Thomson Reuters...

  • Sarah Paulson was nominated as best actress in a limited series for playing the lead prosecutor, Marcia Clark, and Courtney B. Vance was nominated for his performance as defense attorney Johnnie Cochran, who led Simpson's "Dream Team" of lawyers in winning his acquittal. The FX crime drama " Fargo," loosely based on Joel and Ethan Coen's motion picture of the same name,...

  • Sarah Paulson was nominated as best actress in a limited series for playing the lead prosecutor, Marcia Clark, and Courtney B. Vance was nominated for his performance as defense attorney Johnnie Cochran, who led Simpson's "Dream Team" of lawyers in winning his acquittal. The FX crime drama " Fargo," loosely based on Joel and Ethan Coen's motion picture of the same name,...

  • NEW YORK, July 14- JP Morgan on Thursday announced a new 10- year benchmark US dollar bond, shortly after releasing strong second-quarter earnings that boosted US equity indexes. Phil Jacoby, chief investment officer at Spectrum Asset Management, said that Rabo's deal looked attractive. Along with continued monetary easing from the European Central Bank, it...

  • A 'Now Hiring' sign is displayed during a Job News USA career fair at Papa John's Cardinal Stadium in Louisville, Kentucky, U.S., on Wednesday, May 18, 2016.

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  • LONDON, July 12- U.S. bank Wells Fargo has joined the more than 60 banks worldwide that process currency transactions directly through the settlement systems run by U.S.-based lender CLS, the two banks said in a statement on Tuesday. With a number of the currency world's biggest European-based players cutting back on investment banking and the volume of...

  • While the result was little changed from the previous survey on June 15, the question on Wall Street now was not whether the Fed could manage one or two rate hikes, but whether it could pull off even one. For those who thought the Fed would not raise rates this year, the key factor was overseas risk that could hurt the U.S. economy, namely fallout from Britain's June 23...

  • NEW YORK, July 8- Wall Street's top banks were almost evenly split over whether the Federal Reserve would raise U.S. interest rates in 2016, with a poll following Friday's strong jobs data showing a razor-thin majority expect the central bank to raise rates once by the end of the year. For those who thought the Fed would not raise rates this year, the key factor was...

  • NEW YORK, July 8- The benchmark S&P 500 stock index brushed against its record closing high on Friday as Wall Street rallied after a much-larger-than-expected jump in jobs growth confirmed the U.S. economy has regained speed after a first-quarter lull. The S&P briefly traded above its record close but ended less than a point below it and was three points away...

  • NEW YORK, July 8- Wall Street's top banks were almost evenly split over whether the Federal Reserve would raise U.S. interest rates in 2016, with a poll following Friday's strong jobs data showing a razor-thin majority expect the central bank to raise rates once by the end of the year. For those who thought the Fed would not raise rates this year, the key factor was...

  • NEW YORK, July 8- The benchmark S&P 500 stock index traded above its record close on Friday as Wall Street rallied after a much-larger-than-expected print in jobs growth confirmed the U.S. economy has regained speed after a first-quarter lull. That was the biggest worry coming into this, that last month's weak number was starting a new normal in employment, and it...

  • July 1- Warren Buffett's Berkshire Hathaway Inc has applied to increase its ownership stake in Wells Fargo& Co past the 10 percent level that could prompt increased regulatory scrutiny, the Federal Reserve said on its website on Friday. Wells Fargo is based in San Francisco, and is the third-largest U.S. bank by assets. Berkshire wants to add to its stake for...

  • July 1- Warren Buffett's Berkshire Hathaway Inc has applied to increase its ownership stake in Wells Fargo& Co above 10 percent, the Federal Reserve said on its website on Friday. As of March 31, Berkshire was Wells Fargo's largest investor, with a 9.45 percent stake, Reuters data show. Wells Fargo is based in San Francisco, and is the third-largest U.S. bank by assets.

  • HOUSTON, July 1- Since the beginning of the U.S. fracking revolution, oil producers have struggled with a vexing problem: after an initial burst, crude output from new shale wells falls much faster than from conventional wells. However, those well decline rates have been slowing across the United States over the past few years, according to data analysis provided...

  • HOUSTON, July 1- Since the beginning of the U.S. fracking revolution, oil producers have struggled with a vexing problem: after an initial burst, crude output from new shale wells falls much faster than from conventional wells. However, those well decline rates have been slowing across the United States over the past few years, according to data analysis provided...