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Wells Fargo's CEO Discusses Q3 2012 Results - Earnings Call TranscriptFri, Oct 12, 2012
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Wells Fargo &'s CEO Discusses Q1 2012 Results - Earnings Call TranscriptFri, Apr 13, 2012 • 1 Comment
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Wells Fargo &'s CEO Discusses Q4 2011 Results - Earnings Call TranscriptTue, Jan 17, 2012
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Wells Fargo &'s CEO Discusses Q3 2011 Results - Earnings Call TranscriptMon, Oct 17, 2011 • 1 Comment
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Wells Fargo &'s CEO Discusses Q2 2011 Results - Earnings Call TranscriptTue, Jul 19, 2011 • 1 Comment
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Wells Fargo &'s CEO Discusses Q1 2011 Results - Earnings Call TranscriptWed, Apr 20, 2011 • 1 Comment
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Wells Fargo &'s CEO Discusses Q4 2010 Results - Earnings Call TranscriptWed, Jan 19, 2011 • 1 Comment
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Wells Fargo & Company Q2 2010 Earnings Call TranscriptWed, Jul 21, 2010
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Wells Fargo & Company Q1 2010 Earnings Call TranscriptWed, Apr 21, 2010
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Wells Fargo & Company Q4 2009 Earnings Call TranscriptWed, Jan 20, 2010
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Wells Fargo & Company Q3 2009 Earnings Call TranscriptWed, Oct 21, 2009
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Wells Fargo & Company Q2 2009 Earnings Call TranscriptWed, Jul 22, 2009
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Wells Fargo & Company Q1 2009 Earnings Call TranscriptThu, Apr 23, 2009
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The Trader's Expo New York: A Commodity Trader's Stock Picks TranscriptFri, Feb 27, 2009 • 3 Comments
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at CNBC.com (Fri, 7:00AM)
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at CNBC.com (Thu, 8:10AM)
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at CNBC.com (Wed, 11:06AM)
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at CNBC.com (Wed, 7:36AM)
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Business Wire (Jun 11, 2013)
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at CNBC.com (Jun 11, 2013)
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Business Wire (Jun 10, 2013)
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Business Wire (Jun 7, 2013)
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Business Wire (Jun 7, 2013)
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Business Wire (Jun 6, 2013)
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at MarketWatch.com (Jun 6, 2013)
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at CNBC.com (Jun 5, 2013)
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Business Wire (Jun 4, 2013)
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Business Wire (Jun 4, 2013)
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at CNBC.com (Jun 4, 2013)
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at CNBC.com (Jun 4, 2013)
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Business Wire (Jun 4, 2013)
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at MarketWatch.com (Jun 4, 2013)
WFC vs. ETF Alternatives
Company Description
Wells Fargo & Company is a corporation organized under the laws of Delaware and a financial holding company and a bank holding company registered under the Bank Holding Company Act of 1956, as amended (BHC Act). Its principal business is to act as a holding company for its subsidiaries.
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- Monday, June 17, 10:12 AM Deutsche Bank (DB) is leading a wave of big banks ramping up exposure to single-family housing by extending credit to Wall Street firms so they can buy up homes to turn them into rentals. The bank reportedly just lent another $1.5B to Blackstone (BX) after an earlier $2.1B line got used up. Wayne Hughes' American Homes 4 Rent has as much as a $1B line from Wells Fargo (WFC), and SilverBay Realty (SBY) just inked a $200M facility from Bank of America (BAC) and JPMorgan (JPM). 9 Comments [Financials]
- Friday, June 14, 11:23 AM More on Sterne Agee's Wells Fargo (WFC -0.9%) downgrade: Analyst Todd Hagerman (previous) says "meaningful multiple expansion from current levels is unlikely," as "clearly moderating" EPS growth is set to be "exacerbated by the stubbornly low rate environment and normalizing mortgage banking revenues." In related news, refi applications fell 36% last week from the first week of May, WSJ says, before noting that refinancing made up more than two thirds of all mortgage deals at WFC during Q1. (Also: WFC admits refi slowdown may hurt) Comment! [Financials]
- Friday, June 14, 8:04 AM Sterne Agee cuts Wells Fargo (WFC) to Neutral from Buy, price target unchanged at $42. Details as they become available. (Previous: Atlantic says WFC probably "over earning" on elevated refi volumes) Comment! [Financials]
- Wednesday, June 12, 8:10 PM CNBC's Jim Cramer thinks the shrinking number of underwater mortgages and a rising net interest margin are "incredibly" bullish signs for bank stocks. 9.7M properties were underwater in the U.S. during Q1, down from 10.5M in Q412. That's significant, he adds, because when a homeowner goes from underwater to above water on their mortgage, they spend three times as much at the retail level than they would do otherwise. His favorite pick: Wells Fargo (WFC). It's the single greatest play if you think houses are coming out from underwater," Cramer says, because of its "ability to take the collateral and make new loans." (Video). 13 Comments [Financials, U.S. Economy]
- Wednesday, June 12, 11:19 AM Wells Fargo (WFC -0.2%) and U.S. Bancorp (USB -0.2%) are both downgraded to Sell by Atlantic Equities' Richard Staite, who says valuations and earnings expectations are already high, leaving little room for upside surprises. Wells is likely "overearning" relative to normal capacity thanks to previously high (now, not so much) refinance volumes. His top pick is Bank of America (BAC -0.4%), currently "underearning" by as much as 50% thanks to high legal and asset servicing costs. 2 Comments [Financials]
- Tuesday, June 11, 9:33 AM Bank (C, BAC, JPM, WFC) overdraft protection raises the eyebrows of the CFPB, which questions how lenders are selling this product and whether fees can really be anticipated and thus avoided. The bureau notes consumers who opt in to such programs end up paying more in costs. "What is ofter marketed as overdraft protection may actually be putting consumers at greater risk." As of yet, no action or fines have been announced. 7 Comments [Financials]
- Thursday, June 6, 11:38 AM Hoping to make the whole thing go away, Wells Fargo (WFC) pays $42M to settle allegations it failed to maintain foreclosed homes in low-income areas with the same rigor with which it kept up properties in wealthier spots. 3 Comments [Financials]
- Thursday, June 6, 6:50 AM National Australia Bank (NABZY.PK) - Oz's largest - and Wells Fargo (WFC) are exploring a joint venture to bring Australian borrowers to the U.S. term loan B (TLB) market, reports Reuters. The TLB market is basically junk bonds, and the lucrative business is currently dominated by global banks such as JPMorgan (JPM) and Bank of America (BAC). 3 Comments [Financials]
- Thursday, June 6, 2:48 AM Working in partnership with the FBI and authorities in over 80 countries, Microsoft's (MSFT) Digital Crimes Unit has launched a successful attack on one of the world's biggest cyber-crime rings. Microsoft forced the closure of at least 1,000 out of an estimated 1,400 malicious networks known as Citadel Botnets, which are believed to have stolen over $500M from accounts at financial companies such as American Express (AXP), PayPal (eBay), HSBC (HBC), JPMorgan (JPM), Royal Bank of Canada (RY) and Wells Fargo (WFC). 6 Comments [Top Stories, Financials, Tech, Consumer]
- Wednesday, June 5, 11:26 AM Wells Fargo (WFC -0.6%) is well-positioned for rising interest rates, CFO Tim Sloan tells a DB conference (webcast), as the bank can earn higher returns on its investments. He does allow one negative - a slowdown in mortgage refinancing from which Wells has benefitted maybe more than any other U.S. bank. (Previous: Refinancing index dives). Comment! [Financials]
- Wednesday, June 5, 7:56 AM More on Mortgage applications: The refinance index dove 15% to its lowest level since November 2011 as the average 30-year fixed-rate mortgage jumped 17 bps to 4.07%, the highest in more than a year. The index is now off about 40% in a month. Mortgage REITs (MORT,, REM) certainly face a few issues at the moment, but prepayment risk is no longer one of them. Struggling enough finding growth, the refinancing cash cow benefitting the big banks (WFC, BAC, JPM, C isn't producing at the moment. 11 Comments [U.S. Economy, Financials]
- Tuesday, June 4, 12:04 PM Wells Fargo (WFC) and Bank of America (BAC) have been ordered by Finra to pay more than $3M (not a typo) to customers who suffered losses after being steered into floating-rate funds in 2007 and 2008. Finra is also tacking on its own $2.15M fine. "As investors continue to look for yield in a low-interest rate environment ... firms need to ensure that investment recommendations are consistent with customers' investment objectives." 9 Comments [Financials]
- Monday, June 3, 3:53 PM If easy credit is necessary to fuel a bubble, then the current frothy housing market - national prices up 10% Y/Y - does not constitue one, according to Wells Fargo (WFC) CFO Tim Sloan. Lenders are maintaining standards, he tells Bloomberg, and the subprime lending in vogue pre-2007 is non-existent today. 4 Comments [U.S. Economy, Financials]
- Thursday, May 30, 11:20 AM "One of the biggest risks today in our industry is not credit risk, it's interest-rate risk," says Wells Fargo (WFC +0.9%) CEO John Stumpf, speaking at a Bernstein conference. He says his bank has mistakenly (so far) kept a lot of money on the sidelines, waiting for higher rates to emerge at some time. "Sometime hasn't come yet." 3 Comments [Financials]
- Friday, May 24, 8:33 AM What's Fannie Mae (FNMA.OB) up to? It's snatching profits away from banks as it increasingly purchases loans directly from lenders, cutting out those used to making good money by packaging mortgages into securities. "We don't play this big of a role because we want to," modestly says CEO Tim Mayopoulos. "(We have) no goal relative to market share, except to reduce it," says another spokesman. The lenders (JPM, WFC) seeing profits vanish aren't so sure. 12 Comments [Financials]
- Friday, May 17, 2:59 PM Wells Fargo (WFC) and Citigroup (C) have halted the vast majority of foreclosure sales in numerous states following the release of new standards from the OCC, reports the American Banker. Harkening back to the days of the robo-signing scandal, Wells' foreclosure sales across 5 westerns states dropped to fewer than 10 per day in April from more than 300 previously. JPMorgan (JPM) also slowed sales, but has returned to normal activity. BofA (BAC) is proceeding as usual. 1 Comment [Financials, U.S. Economy]
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1980XLS: Motgage applications dropping fast. Both aquisitions & re-fi.
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Larry Harnar
Monthly Dividend Income Portfolio Update for June 1st: http://bit.ly/ZAVF9k Added: $BP $CAT $DLR $LNCO $WFC $XRX Sold: $LSE - View all 0 replies
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LATEST REPLIES
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1980XLS: Motgage applications dropping fast. Both aquisitions & re-fi.
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Dividend Queen
$WFC looking strong.. recent dividend hike as well.. Maybe Buffett is on to something - View all 5 replies
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Phr3d: not a chance this year, wfc offer would be lowball against BAC's books, board wouldn't take it. fed wouldn't approve regardless
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Minutemen: Not bad at all. Things starting a little shaky but then turned to the upside.
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The Complete Dividend Plan: Everything for me keeps going straight up, except for PKIUF. Continued profit taking for weeks now.
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Moses3rdeye: I might jump in at around 11.20 its down again in after hours should be a good trade on this pull back
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wigit5: If I could predict the crash yes going to cash would be obvious.. but I'm keeping about 20% of my investment funds in cash at the moment in
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gbstern13: Pie in the sky. Mature companies don't double in 12 months (unless bouncing off a bottom). You don't charge money for that advice, do you? -
MSF INVESTMENTS: This is my opinion only. I'm selling the Brooklyn bridge are you interested.
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hahaha48: Buffet is now very bullish on banks. And I think he is right. He bought some more GS and he already own a lot of wfc and bac -