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Why Wells Fargo & Co (NYSE:WFC) Is Reducing Its Insurance Brokerage Locations

Boston, MA 01/24/2014 (wallstreetpr) – Wells Fargo & Co (NYSE:WFC), the largest U.S. home lender, has announced plans to reduce its insurance brokerage locations by more than 40 percent. In this move, the company is aiming to concentrate on locations with high-growth and bigger clients. Broadly, this is part of the bank’s ongoing consolidation efforts, something […]

JPMorgan Chase & Co. (NYSE:JPM), Bank of America (BAC) Among Banks Reissuing Cards

Boston, MA 01/22/2014 (wallstreetpr) – JPMorgan Chase & Co. (NYSE:JPM) has announced that it is sending new cards to millions of its customers in the wake of cyberattacks which left customer accounts vulnerable. Several other banks like Bank of America Corp (NYSE:BAC), Wells Fargo & Co. (NYSE:WFC) and Citibank have also announced reissuance of new […]

Looking For No. 1 Profit Maker Bank? It’s Wells Fargo & Co (NYSE:WFC)

Boston, MA 01/16/2013 (wallstreetpr) – Wells Fargo & Co (NYSE:WFC) has overcome JPMorgan Chase (NYSE:JPM) as the most profitable U.S. bank on annual basis. For nearly a decade, JPM remained top of the league in terms of big annual profits. In the latest earnings data, Wells managed to outsmart the slowdown in mortgage market to […]

JPMorgan Chase & Co. (NYSE:JPM) Getting Troubles Behind It

Boston, MA 01/07/2013 (wallstreetpr) – JPMorgan Chase & Co. (NYSE:JPM) is keen to get the legal changes it its facing behind it as fast as possible. The bank needs a positive image to win in the competitive financial industry. JPM is currently dealing with a lot of legal issues some of which relate to Ponzi ran […]

Wells Fargo & Co (NYSE:WFC) Latest Settlement With Fannie Mae Hit $541 Million

Boston, MA 01/02/2014 (wallstreetpr) – Wells Fargo & Co (NYSE:WFC) has agreed to pay a net settlement of $541 million to Fannie Mae in connection to the defective home loans sold by the bank to the mortgage institution before 2009. Fannie Mae and its smaller sibling Freddie Mac have been asking banks to repurchase the mortgage […]

Wells Fargo & Co (NYSE:WFC) Ready To Move After Office Acquisition

Boston, MA 12/23/2013 (wallstreetpr) – Wells Fargo & Co (NYSE:WFC) is one of the four largest vendors in the United States. The company has recently signed a deal, according to which, the company will own and occupy a new office complex in Minneapolis. Two buildings will be acquired by the company having a net floor space of […]

Wells Fargo & Co (NYSE:WFC) Extends Another Credit Line To Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM)

Boston, MA 12/19/2013 (wallstreetpr) – Wells Fargo & Co (NYSE:WFC) is one of the four largest banks in the U.S. The company operates in a variety of segments and also through subsidiaries. It is through one of its subsidiaries called Wells Fargo Capital Finance that it has announced another agreement with Tower Semiconductor Ltd. (USA) (NASDAQ:TSEM) which […]

Groupon Inc (NASDAQ:GRPN) Insider Trading And Changing Analysts Sentiments – WFC, GS

Boston, MA 12/17/2013 (wallstreetpr) – Groupon Inc (NASDAQ:GRPN) is a leading online deals company with market value at $6.92 billion. The company offers coupon deals on various retail services and it now serves 44 countries and more than 500 markets. Its daily offerings include stuff to eat, see, buy and do. Groupon Inc (NASDAQ:GRPN) is of late […]

Wells Fargo & Co (NYSE:WFC) Enters Into Agreement With Isis – VZ, TMUS

Boston, MA 12/13/2013 (wallstreetpr) –  Wells Fargo & Co (NYSE:WFC) has entered into an agreement with the mobile commerce joint venture, Isis® that is created by Verizon Communications Inc. (NYSE:VZ), T-Mobile US Inc (NYSE:TMUS) and AT&T Inc. (NYSE:T). The first phase of the agreement was announced by the company where the consumer credit cardholders of Wells […]

Bank of America Corp (NYSE:BAC): Employees Disagree Over Video ATMs – JPM, WFC

Boston, MA 11/27/2013 (wallstreetpr) – Bank of America Corp (NYSE:BAC), the second largest bank in the U.S. after JPMorgan Chase & Co. (NYSE:JPM) is reducing its location branches as part of cost reduction strategy. The bank’s CEO Brian Moynihan is promising to take the financial institution back to its former glory days. This means seeking […]

Good News For Wells Fargo & Co (NYSE:WFC)

Boston, MA 11/01/2013 (wallstreetpr) – Wells Fargo & Co (NYSE:WFC) had seen a drastic drop of 29% in its mortgage business in the third quarter. This was on account of the Federal Reserve policy changes. The Federal Reserve had announced a skew of measure aimed at reviving the economy. One measure initiated in September 2012 was […]

Wells Fargo & Co (NYSE:WFC) – Reason For Its Increasing Loan Losses

Boston, MA 10/30/2013 (wallstreetpr) – Wells Fargo & Co (NYSE:WFC), in the 3Q, posted its lowest quarterly loan loss rate in 9 years. The lower losses made the bank dip into funds that it set aside to cover bad loans, thus increasing profits by about $600 million after including taxes. Tightening of underwriting standards for consumer […]

Wells Fargo & Co (NYSE:WFC) Study Finds Middle Class Americans Face Savings Problem

Boston, MA 10/24/2013 (wallstreetpr) – Wells Fargo & Co (NYSE:WFC), which is the largest bank in the United States in terms of market capitalization, has presented interestingfindings. Its study has found out that while most of the lawmakers of the country are engaged in an argument about how and when to pay the debts of […]

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