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Posts Tagged ‘ Wells Fargo ’

Research In Motion Ltd (BBRY) Enjoys Big Boost From Analysts On Q10

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June 17, 2013
TEST6BBRY Blackberry Research in Motion

Research In Motion Ltd/BlackBerry (NASDAQ:BBRY) (TSE:BB), particularly its Qwerty-keyboard equipped smartphone, the BlackBerry Q10, is receiving positive comments from several Wall Street analysts. According to John Paczkowski of AllThingsD, analysts noted that the mobile device is selling better than expected. Earlier this year, Thorstein Heinz, chief executive officer of Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB), expressed confidence that the company will sell tens of millions of BlackBerry Q10 devices. The first analyst who commented...
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We Are in Third Period Of A Loosening Of Bank Underwriting Standards: Goldman

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June 14, 2013
TEST6third period of loosening of underwriting standards chart

Via Goldman Sachs: We are in the third period of a loosening of bank underwriting standards in the past two decades. The outcomes of the first (1993-1998) and second (2004-2007) were materially different, as the former resulted in an acceleration in loan growth (9% per year) with minor implications for credit losses, while the latter contributed to the financial crisis. Lower leverage, new regulations (particularly capital) and limited demand could make this time different....
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Wells Fargo Downgraded by Sterne Agee on Slower Earnings Growth, ZIRP,

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June 14, 2013
TEST6Wells Fargo logo

Although Wells Fargo & Co (NYSE:WFC)’s outlook remains constructive, particularly expense leverage tied to the company’s efficiency initiative and legacy servicing/mortgage-related costs, earnings growth is clearly moderating into ’14. The slowing momentum is only exacerbated by the stubbornly low rate environment and normalizing mortgage banking revenues. With the shares trading at 10.2x ’14 EPS meaningful multiple expansion from current levels is unlikely says a new report from Todd L. Hagerman of Sterne Agee. Full details...
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Rajesh Padmashali: Warren Buffett, The Right Moral Compass

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June 7, 2013
TEST6Warren Buffett Twitter

Over the past 10 years, Singhi has attended nine Berkshire annual meetings, testimony to his admiration of Warren Buffett and Charlie Munger. Like his hero Munger, Singhi seems determined to achieve his holy grail of having an entire portfolio of only three or four stocks. He cites how Munger’s Daily Journal sat on millions in cash for about 10 to 12 years and then over a week or so in March 2009, used the entire...
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Wells Fargo Seizes the Opportunity, Brushes Off Net Interest Margins Concerns

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June 6, 2013
TEST6Wells Fargo logo

Going by what the top management at Wells Fargo & Co (NYSE:WFC) has been emphasizing repeatedly over the recent weeks, investors can put to rest all their fears about the impact of declining net interest margins (NIM) for the mortgage lending giant on its future prospects. At a series of recent events, the company’s CEO and CFO maintain that the much debated drop in Wells Fargo’s NIM figures over the last few quarters is largely...
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JPMorgan, Wells Fargo Among Most-Targeted With Phishing Scams

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June 3, 2013
TEST6JPMorgan and Wells Fargo

JPMorgan Chase & Co. (NYSE:JPM) and Wells Fargo & Co (NYSE:WFC) are among the companies that are most-often targeted by phishing attacks, according to the first-quarter McAfee Threats report. Phishing By The Numbers The report says that during the first three months of the year, approximately 80 percent of all phishing attacks were done against companies in the U.S. The next closest country is the U.K. with 5 percent of all phishing attacks. Finance,...
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Wells Fargo Chief Critical Of Fed’s Debt Proposal

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June 3, 2013
TEST6Wells Fargo logo

Wells Fargo & Co (NYSE:WFC)’s chief executive warned the Federal Reserve against changing requirements to force banks to hold more long-term debt. According to a Financial Times report, John Stump, the chief executive of Wells Fargo & Co (NYSE:WFC) indicated that the Federal Reserve was wrong in presuming such high debt would prevent a large institution from failing. Walls Fargo’s Chief criticizes Fed: John Stump also criticized the Federal Reserve for sending conflicting signals on...
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Banks Reported Record Q1 Earnings Of $40.3B: FDIC

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May 29, 2013
TEST6Goldman Barclays JPMorgan Morgan Stanley

The U.S. banking industry, for the first quarter of 2013, posted record earnings of $40.3 billion, which was up 15.8 percent from the same period in 2012. The all-time quarterly high earnings were the result of one-time changes in income and expenses at big banks, says a report issued Wednesday from Federal Deposit Insurance Corp (FDIC). Factors that helped the Banks As per the data from the FDIC, previous quarterly high was at a...
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Moore Capital Sells Wells Fargo, JPMorgan, BofA; Buys Dell In Q1

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May 15, 2013
TEST6Moore Capital

Moore Capital Management has filed its 13 F form with the SEC for the period ending March 31 2013. The investment firm showed that the equities it holds long under management increased from $3,892,100,970 to $6,193,598,980 in the first three months of the year, a phenomenal increase of more than 59 percent. Moore Capital Changes In Stock Holdings The company changed several of its holdings in the financial sector during the first three months...
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GMO Buys Yahoo!, Virgin Media, Sells Clearwire, Reduces Oracle, AOL

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May 15, 2013
TEST6GMO

Grantham, Mayo, Van Otterloo & Co.’s latest 13F filing with the Securities and Exchange Commission indicates that the company purchased 104 new stocks during the first quarter and sold out of 79 stocks. It also increased its holdings in 292 companies and reduced its holdings in 183 stocks. GMO’s Top Holdings As of the end of the first quarter of the year, the firm’s top five holdings included Johnson & Johnson (NYSE:JNJ), which made...
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BofA Merrill And JPMorgan Post Perfect Trading Quarters

By
May 9, 2013
TEST6JPMorgan Chase

Bank of America Corp (NYSE:BAC) and JPMorgan Chase & Co. (NYSE:JPM) both made money on every single trading day in the first quarter, according to SEC filings. JPMorgan Chase & Co. (NYSE:JPM) Perfect Trading Quarter Bank of America Corp (NYSE:BAC) reported a perfect trading quarter, with profitability on 60 out of 60 trading days.  Similarly JPMorgan Chase & Co. (NYSE:JPM) announced that it too had a perfect trading quarter in the quarter ended March 31. Interestingly, JPMorgan Chase &...
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