Wells Fargo news from FierceFinance
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Wells Fargo stays on message point
One way to rebut rumors is for top executives to stay slavishly on point when they speak to the media. Wells Fargo seems to be doing just that. CEO John Stumpf repeated to the Financial Times that Read more...
Wells Fargo on a roll?
On the institutional side, has anyone really sailed through the credit crunch? The conventional wisdom used to be that Goldman Sachs and JPMorgan Chase had, but that may be premature. Relatively Read more...
More financial advisors hiring psychologists
There was once a day when advisors used to give clients a lame risk tolerance questionnaire. The industry has certainly changed. Now advisory firms are adding psychologists to their staffs, to help Read more...
Covered bond market to become a reality
The Treasury, after talking to 50 or 60 institutions, is pushing for the creation of a "covered bond market" as a way to provide liquidity to banks while assuring investors their money is safe. Read more...
Washington Mutual lays an egg
Things were looking good for much of the commercial bank sector this week. The upside surprises from the likes of Citigroup, Bank of Read more...
Bank of America: Another upside surprise
Bank of America joined Wells Fargo, Citigroup and a handful of other bank that reported better than expected earnings for the second quarter. It posted a gain of 72 Read more...
Another upside surprise: Citigroup beats expectations
Citigroup reported a loss of 54 cents for the April-to-June quarter, which was not as bad as the 66 cents analysts were expecting. The loss reflects $7.2 billion in Read more...
Merrill Lynch's earnings in the spotlight
Bank earnings for the second quarter have been surprisingly strong, so far. Of course, expectations were really, really low, which helped JPMorgan Chase handily top Read more...
Man bites dog: Wells Fargo boosts dividend
These were welcome surprises: Wells Fargo, in addition to reporting a smaller-than-expected quarterly loss, actually boosted its dividend, to 34 cents from 31 cents. Read more...