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Market Currents

Tuesday, September 1, 2009
11:41 AM TweetThis
  • Rumors that Wells Fargo (WFC -3.4%) may be in trouble.

This news story has 10 comments:

  •  
    What? An American bank in trouble due to bad assets? Wow! This is a news flash!
    Sep 01 11:43 AM | Link | Reply
  •  
    Why create crap like this when you can not substantial it.
    Sep 01 11:45 AM | Link | Reply
  •  
    Couldn't be that because they are the holders of A LOT of bad mortgages, could it?
    No of course not. I mean they, like other banks are making money hand over fist according to their latest earnings reports.
    Right?
    Or were they lying to everyone?

    Yikes. Preferred are getting shellacked!
    Sep 01 11:46 AM | Link | Reply
  •  
    If it's on twitter it must be true!
    Sep 01 12:02 PM | Link | Reply
  •  
    Pfds getting sellacked??? The Wells Cap pfd 8.625 hit a new high today...you don't know what the hell your are talking about. I agree with hamami that this unsubstantiated rumor mongering is unethical at the least.
    Sep 01 12:02 PM | Link | Reply
  •  
    Have been seeing a lot of rumours on the negative side of late.....think that shorts are desperate.

    Agree that SA should not be allowing such unsubstantiated rumours.
    Sep 01 12:07 PM | Link | Reply
  •  
    You guys holding WF stock and preferreds are probably right. It won't make any difference when, in January, FASB begins requiring off balance sheet assets to be reported on balance sheet. It probably doesn't matter that WF has nearly $1.8 Trillion in off balance sheet assets either. And won't be any problem for WF to raise over $70 Billion is additional capital to meet reserve requirements. And you guys can be sure that you won't be diluted one bit, right? So, there's no problems at WF and we should all keep buying and propping up the stock.

    If WF holds above $15 a share all the way to May 2010 I'll be very, very surprised.
    Sep 01 12:44 PM | Link | Reply
  •  
    WFCpJ is down 1,3% to 24.23...


    On Sep 01 12:02 PM User 480406 wrote:

    > Pfds getting sellacked??? The Wells Cap pfd 8.625 hit a new high
    > today...you don't know what the hell your are talking about. I agree
    > with hamami that this unsubstantiated rumor mongering is unethical
    > at the least.
    Sep 01 12:46 PM | Link | Reply
  •  
    That's shellacked?? 30cents/share decline??? better get out of the market if you can't take more volatility than that!


    On Sep 01 12:46 PM Myny wrote:

    > WFCpJ is down 1,3% to 24.23...
    Sep 01 01:11 PM | Link | Reply
  •  
    But they passed the stress test! How could they be introuble? LOL
    Sep 01 06:57 PM | Link | Reply
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