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Wells Fargo & Co (NYSE:WFC): Quarterly Dividend $0.30

Boston, MA 10/23/2013 (wallstreetpr) – Wells Fargo & Co (NYSE:WFC) on Tuesday, October 22, declared Q3.13 dividend of $0.30 per share. This dividend payout captures investors of record as of November 8 and will be paid out on the first day of December, a Sunday. The declared $0.30 dividend represents 2.82% dividend yield and $1.20 annualized […]

Wells Fargo & Co (NYSE:WFC) Planning To Lay-Off 925 Employees

Boston, MA 10/22/2013 (wallstreetpr) – The largest bank in the United States by market capitalization, Wells Fargo & Co (NYSE:WFC) has announced to further lay-off 925 employees including 71 from the local Des Moines area, pushing total workers figure to 6511. The main reasons of this massive cut-off is the increasing interest rates and company’s cost cutting […]

More Job Cuts At Wells Fargo & Co (NYSE:WFC) As Mortgage Refinancing Wilts

Boston, MA 10/21/2013 (wallstreetpr) – Wells Fargo & Co (NYSE:WFC) is reported to have issued a 60-day notice to workers targeted in the fresh job cuts which could see about 925 positions axed out from its mortgage segment. The higher interest rates have hampered mortgage refinancing activities which in effect have spelt doom for many mortgage […]

Wells Fargo & Co (NYSE:WFC) Joins Hand For Neighborhood LIFT Program to Provide Support To Homebuyers

Boston, MA 10/17/2013 (wallstreetpr) – Wells Fargo & Co (NYSE:WFC) one of the biggest home lending company of United States joined hands with NeighborWorks America and Charlotte-Mecklenburg Housing for a project called Charlotte NeighborhoodLIFT. The project is a program designed for helping housing market make a comeback and is worth 6.6 million dollars. This program will […]

Wells Fargo & Co (NYSE:WFC) Shows Profit Gains In Their Latest Statement

Boston, MA 10/16/2013 (wallstreetpr) – Wells Fargo & Co (NYSE:WFC) which is one the biggest home lenders based in the United States wants to ensure investors that company’s other businesses are trying hard to strengthen its weakening business. The company posted a gain of nearly 13 percent in their profit figures released in a statement by […]

Rise in interest rates affects Wells Fargo & Co (NYSE:WFC) – JPM

Boston, MA 07/15/2013 (wallstreetpr) – Wells Fargo & Co (NYSE:WFC), one of the largest banks in the US, lost $3.35 billion in equity market due to the rise in interest rates. This equity figure also includes the loss recorded in the unrealized assets of the company which fell from $11.2 billion (recorded at the end of […]

Wells Fargo & Co. (NYSE:WFC) shares trading low

Boston, MA 07/11/2013 (wallstreetpr) – The largest supplier of volunteers to the community of “Habitat for Humanity” and “Rebuilding Together” in the U.S. has recently announced that its 5000th volunteer home building is to take place again in the same location where the first such activity took place around 20 years ago. This 20th anniversary marks […]

Bank of America Corp. (NYSE:BAC) violated the terms of the national mortgage settlement, (WFC), (JPM)

Boston, MA 06/20/2013 (wallstreetpr) – The share prices of Bank of America Corp. (NYSE:BAC) had declined by 0.60 percent to close at $13.19 per share for the end of last trading session on Wednesday. The shares of the bank holding company had been trading in the range of $13.17 to $13.40 per share during the day. […]

Tesla Motors Inc (NASDAQ:TSLA) faces flak- restructures Model S finance terms – JPM, WFC

Boston, MA 05/06/2013 (wallstreetpr) – The electric car-maker, Tesla Motors Inc (NASDAQ:TSLA) (Closed: $54.55, Up by : 0.81%) which is headed by Elon Musk the billionaire is modifying its Model S lease-based financing plan. The plan had been launched last month and had faced a lot of criticism. In a statement, Tesla’s co-founder and CEO, […]

Cost cutting measures help Wells Fargo & Co (NYSE:WFC) to post record profits

Boston, MA 04/15/2013 (wallstreetpr) – The largest U.S home lender, Wells Fargo & Co (NYSE:WFC) (Closed: $37.21, Down by 0.80%) said that lowering its expenses had helped the company in posting record profits in its first quarter, despite the fact that there had been a drop in revenue and the lending margins had narrowed. According […]

Bank of America Corp (NYSE:BAC) on a new strategy- C, WFC

Boston, MA 04/04/2013 (wallstreetpr) – Brian T. Moynihan, the Chief Executive Officer of Bank of America Corp (NYSE:BAC) (Current: $11.87, Up by 0.68%) has called over 100 of the banks regional leaders for a private meeting. The objective of the meeting is to have the leaders buck up on performances in their respective segments and […]

Citigroup must pass 2013 Fed stress-test – C, JPM, BAC, WFC, GS & MS

Boston, MA 03/08/2013 (wallstreetpr) – America’s third largest U.S bank Citigroup Inc (NYSE:C) has sought permission from the Federal Reserve for a share buyback of $1.2 billion without an increase in dividend. A year earlier its request had been rejected. The company said that annual incentive compensation grant-related dilution would be offset by the buyback. […]

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