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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 […]

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 […]

Citigroup (NYSE:C) May Face Higher Obstacle as Fed Adds Test – C, BAC, JPM, WFC, KEY

The Federal Reserve distorted its annual set of tests for the 30 biggest U.S. banks to incorporate the risk of a larger plunge in Asia; somewhere Citigroup Inc. (NYSE:C) has a larger presence then rivals. The Fed declared in a statement, slumps in the euro area, the U.K. and Japan are characteristics of the Fed’s […]

Three Words Every College Student Knows: Bill My Parents (BMPI)

In a play on words off the old EF Hutton commercials, when super investor Isaac Blech speaks, will traders listen? In an article printed by Reuters this morning, Blech reveals what he has been buying, which includes more shares of BillMyParents (OTC: BMPI). He has apparently been buying loads of it because his holdings of BillMyParents […]