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NYSE: WFC

  • Featured Story

    [REPORT] Chinese Banks "Are Heading Toward Global Domination"

    china bank

    By Tara Clarke, Associate Editor, Money Morning • @TaraKateClarke - November 9, 2015

    Beating up on China has become a national sport for Western commentators. Their economy is slowing, they lie about their statistics, and their "growth" is being propped up to meet political objectives, goes the chorus.

    The truth is, some of the China concerns are overblown. The country's economy has nearly doubled in size from six years ago. Even at a lower growth rate, China remains a key driver of global consumption and production.

    And other impressive data swirling around are largely ignored.

    For instance, the obscene growth of Chinese banks.

    Just look at these numbers Richard Bove, equity research analyst at Rafferty Capital Markets, recently reported that confirm Chinese banks now absolutely eclipse their U.S. rivals...

Article Index

  • [REPORT] Chinese Banks "Are Heading Toward Global Domination"
  • Time to Buy Wells Fargo Stock?
  • Wells Fargo (NYSE: WFC) Starts Big Banks Earnings Season with a Profit Rise and Revenue Drop
  • Top Stock Market News Today: How China Is Beating Up on Bitcoin
  • Stock Market Today: New Rules for Big Banks
  • Big Bank Earnings Is One of the Most Significant Events of 2014 - And It Could Bring You a Fortune
  • Wells Fargo & Co (NYSE: WFC) Stock Falls Ahead of Earnings
  • Big Bank Earnings Today: Wells Fargo (NYSE: WFC) and JPMorgan (NYSE: JPM)
  • How Investors Can Unlock the Power of Profit Margins
  • Why Wells Fargo Stock is a Buffett Favorite
  • Wells Fargo Stock Gets Lift From Earnings
  • Wells Fargo Stock: On Verge of Earnings Boost?

[REPORT] Chinese Banks "Are Heading Toward Global Domination"

By Tara Clarke, Associate Editor, Money Morning • @TaraKateClarke - November 9, 2015

china bank

Beating up on China has become a national sport for Western commentators. Their economy is slowing, they lie about their statistics, and their "growth" is being propped up to meet political objectives, goes the chorus.

The truth is, some of the China concerns are overblown. The country's economy has nearly doubled in size from six years ago. Even at a lower growth rate, China remains a key driver of global consumption and production.

And other impressive data swirling around are largely ignored.

For instance, the obscene growth of Chinese banks.

Just look at these numbers Richard Bove, equity research analyst at Rafferty Capital Markets, recently reported that confirm Chinese banks now absolutely eclipse their U.S. rivals...

Time to Buy Wells Fargo Stock?

By Jim Bach, Associate Editor, Money Morning • @JimBach22 - December 10, 2014

wells fargo stock

Looks like it's time to buy Wells Fargo stock.

Even federal investigations and historic bank fines can't diminish the value of some of the financial sector's big players.

Here's why Wells Fargo is your best bet.

Wells Fargo (NYSE: WFC) Starts Big Banks Earnings Season with a Profit Rise and Revenue Drop

By Diane Alter, Contributing Writer, Money Morning - July 11, 2014

Wells Fargo & Co. (NYSE: WFC) kicked off second-quarter bank earnings season Friday morning. While the bank didn't deliver any surprises, its numbers failed to impress.

Shares of the largest U.S. bank by market cap, up 28.5% since October, fell nearly 2% to $50.82 on brisk volume following the uninspiring report.

While analysts have trimmed estimates on a number of banks in the last several weeks, expectations for WFC held steady. Here’s the full story on Wells Fargo Q2 earnings, and what it means for WFC stock…

Top Stock Market News Today: How China Is Beating Up on Bitcoin

By Garrett Baldwin, Executive Producer, Money Morning - April 11, 2014

news on the stock market today

Stock market news today, April 11, 2014: The Nasdaq fell 129 points to finish Thursday at 4,054.11, its worst one-day drop since 2011 as investors ditched biotech, Internet, and other high-growth stocks. The CBOE Volatility Index (VIX) surged 17%, its largest one-day jump since late January.

The Dow Jones Industrial Average plummeted 267 points to finish at 16,169.90, while the S&P 500 dropped 39 points yesterday to 1,833.09.

Here's the stock market news for today...

Stock Market Today: New Rules for Big Banks

By Garrett Baldwin, Executive Producer, Money Morning - April 9, 2014

investing

Stock market news today, April 9, 2014: The Dow Jones Industrial Average rose 10 points yesterday to finish at 16,256. The Nasdaq increased 33 points to finish at 4,112, while the S&P 500 added 6 points to end the day at 1,851.

Today, the FOMC will release minutes from its March meeting. Investors are seeking clues on when Fed Chair Janet Yellen and the central bank will exercise an increase in interest rates.

Here are the five things to know to make your day profitable:

Big Bank Earnings Is One of the Most Significant Events of 2014 - And It Could Bring You a Fortune

By Shah Gilani, Chief Investment Strategist, Money Morning • @ShahGilani_TW - January 15, 2014

The Big Banks reporting earnings this week will be one of the most significant events of 2014. In the big picture, how the banks fare and what their future prospects are could single-handily determine the trajectory and breadth of the recovery we've been hoping for. Even more importantly,

their "financials" could have major implications for your money...

Wells Fargo & Co (NYSE: WFC) Stock Falls Ahead of Earnings

By Diane Alter, Contributing Writer, Money Morning - January 14, 2014

Well Fargo & Co. (NYSE: WFC) stock fell 0.83% Monday, the last trading session before Q4 earnings are released Tuesday before the bell.

We get a fresh read on health of the housing and mortgage markets when Wells Fargo Q4 earnings come out.

Analysts are expecting the San Francisco-based lender to book its 16th consecutive quarter of profit growth. Earnings are projected to have risen 8% year over year.

To continue reading, please click here...

Big Bank Earnings Today: Wells Fargo (NYSE: WFC) and JPMorgan (NYSE: JPM)

By Diane Alter, Contributing Writer, Money Morning - October 11, 2013

Two of the largest U.S. financial institutions kicked off third-quarter results for big bank earnings today, giving us a peek at how they fared amid tough times for both firms.

Wells Fargo & Co (NYSE: WFC) is in the midst of slashing headcount in its mortgage unit by some 1,800, and JPMorgan Chase & Co (NYSE: JPM) is tangled up in settlement talks with the U.S. Justice Department.

The short story on the banks' earnings: WFC earnings had to use a lot of "accounting gimmickry" to beat earnings-per-share (EPS) expectations, and JPM earnings show the first quarterly loss since Jamie Dimon came on board (he started in 2004 as chief operating officer, then moved to chief executive officer in 2005).

To continue reading click here...

How Investors Can Unlock the Power of Profit Margins

By Don Miller, Contributing Writer, Money Morning - September 4, 2013

Running a business is all about making a profit, so it makes sense that one of the best measures of a company's performance is its profit margins.

Strong profit margins almost always mean a company is well-run, stable, and making money.

A company with healthy profit margins indicates it is efficient at allocating capital and controlling costs, so it can deliver more revenue to the bottom line.

It also means the business has built-in safety. Therefore, a sales slump is less likely to cause an operating loss.

To continue reading, please click here...

Why Wells Fargo Stock is a Buffett Favorite

By Diane Alter, Contributing Writer, Money Morning - July 18, 2012

Investing in bank stocks has not been for the fainthearted over the past several years.

Many financial institutions are still dealing with the lingering effects of the 2008 financial crisis that left their reputations soiled and have kept scores of market participants at arm's length.

Now, day after day, these banks are still saddled with troubles as they struggle with Eurozone exposure, uncertain global markets, mounting regulatory measures , and the newest scandal -- the Libor manipulation probe.

But there is one big bank that appears to be a bright spot in this otherwise dreary sector: Wells Fargo (NYSE: WFC).

"I like Wells Fargo better than anything by far. We have been buying Wells Fargo month after month for a lot of years. Among the big banks, I think it is the best," financial wizard and Berkshire Hathaway Inc. (NYSE: BRK.A, BRK.B) CEO Warren Buffett told Bloomberg TV in a recent interview.



Click here to continue reading...

Wells Fargo Stock Gets Lift From Earnings

By , Money Morning - July 13, 2012

Wells Fargo stock (NYSE: WFC) rose in early trading behind a strong earnings report.

The company reported earnings of $4.6 billion or $0.82 per share. This slightly beat analysts' expectations for earnings of $0.81 per share.

Wells Fargo posted a 17% rise in its profits from $0.70 a year ago, marking the fourth consecutive quarter in which the company has posted rising profits.

Unfortunately for Wells, the earnings report comes at a bad time.

A discriminatory lending scandal was reported yesterday and that is keeping Wells Fargo stock from experiencing better gains than rival JPMorgan Chase (NYSE: JPM) today. The scandal involved Wells discriminating against African-American and Hispanic families who were forced into costlier subprime loans than comparable white families.

"If you were African-American or Latino, you were more likely to be placed in a subprime loan or pay more for your mortgage loan, even though you were qualified and deserved better treatment," Assistant Attorney General Thomas Perez said in prepared remarks Thursday.

Wells Fargo denied the matter and will settle the issue to avoid contested litigation. The San Francisco-based company will pay a total of $175 million: $125 million in compensation to victims of discrimination and $50 million in down-payment assistance to borrowers in affected communities.

To continue reading, please click here...

Wells Fargo Stock: On Verge of Earnings Boost?

By , Money Morning - July 12, 2012

Investors of Wells Fargo stock (NYSE: WFC) may be smiling come Friday afternoon as the company reports its second-quarter earnings before the opening bell tomorrow morning.

Wells Fargo is expected to announce earnings of 81 cents per share on revenue of $21.32 billion.

A good sign is that analysts' earnings per share projections have increased over the last three months from 80 cents, compared to the abundance of companies lowering guidance.

If Wells is able to post a rise in its profits it will be the fourth consecutive quarter in which the bank has posted a profit increase. It should be able to as those expected quarterly profits are almost 16% higher than a year ago and Wells Fargo is starting to stand out more and more in the recently revived financial sector.

From Barclay's (NYSE ADR: BCS) Libor manipulation scandal, to JPMorgan's (NYSE: JPM) "bet" gone wrong and even back to Morgan Stanley's (NSYE: MS) botching of the Facebook IPO, banks have been in the news for all the wrong reasons lately.

But Wells has avoided a lot of the negative news on banks. It's known for playing it safe compared to its Wall Street rivals.

In fact, Jefferies analyst Ken Usdin called Wells "one of the strongest, most respected U.S. banks" when he initiated coverage of the bank Monday with a "Buy" rating.

To continue reading, please click here...

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