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Thursday, October 16, 2008
San Francisco Chronicle, USA -
(10-15) 16:56 PDT -- Wells Fargo & Co.'s third-quarter profit dropped by nearly 25 percent as the San Francisco bank wrote down investments in troubled financial companies and boosted reserves for credit losses, but the bottom line results remained well ahead of analyst forecasts, ... -
Thursday, October 16, 2008
Newsday, NY -
AP In the midst of the nation's credit crisis, JPMorgan Chase & Co. and Wells Fargo & Co. managed to report better-than-expected third-quarter results yesterday but proved they are not immune to the widespread credit problems plaguing their peers. JPMorgan Chase, ... -
Thursday, October 16, 2008
Reuters -
By Jonathan Stempel - Analysis NEW YORK (Reuters) - JPMorgan Chase & Co (JPM.N: Quote, Profile, Research, Stock Buzz) and Wells Fargo & Co (WFC. N: Quote , Profile , Research , Stock Buzz ) may emerge as long-term winners in ... -
Thursday, October 16, 2008
International Herald Tribune, France -
By Eric Dash JPMorgan Chase, Wells Fargo, and State Street have weathered these bad times better than most banks. But things are about to get worse. ... -
Thursday, October 16, 2008
Reuters -
(Reuters) - Morgan Stanley upgraded Wells Fargo & Co (WFC.N: Quote, Profile, Research, Stock Buzz) to "overweight" from "underweight" and doubled its price target on the stock, as it sees significant benefit to earnings from the Wachovia Corp (WB.N: Quote , ... -
Thursday, October 16, 2008
Atlanta Journal Constitution, USA -
By David Mildenberg Wells Fargo & Co., whose purchase of Wachovia Corp. will create the nation’s biggest bank-branch network, doesn’t know how many jobs will be eliminated as part of the combination, Chief Executive Officer John Stumpf said. “My ... -
Thursday, October 16, 2008
Barron's -
WITH SOME CLARITY FINALLY realized in the tug-of-war over Wachovia (ticker: WB), we thought it would be worthwhile to take a closer look at which regional bank competitors stand to benefit from the pending acquisition of Wachovia by Wells Fargo & Co. (WFC). ... -
Thursday, October 16, 2008
Forbes, NY -
AP 10.16.08, 1:02 PM ET Analysts' reactions to Wells Fargo & Co.'s third-quarter results were mixed Thursday, one day after the San Francisco bank said its profit fell 25 percent due to losses on certain investments and an increase in its credit reserves. ... -
Thursday, October 16, 2008
Motley Fool -
By Morgan Housel One common thread in the collapse of the financial industry is that the remaining survivors tend to be diversified banks -- the likes of WaMu and Wachovia have since vanished, Wells Fargo is one of the last remaining large, non-supermarket banks out there. ... -
Sunday, October 12, 2008
KTIV, IA -
AP - October 12, 2008 7:15 AM ET SIOUX FALLS, SD (AP) - Federal prosecutors say a man used his dead son's Social Security number to get a $32000 loan from a ...
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Oct 10, 2008
Ad-Hoc-News (Pressemitteilung), Germany -
New Hampshire Thrift Bancshares, Inc. (Nasdaq: NHTB), the holding company for Lake Sunapee Bank, fsb (the 'Bank'), today reported consolidated net income for the nine months ended September 30, 2008 of $3,896,196, or $0.67 per share (assuming dilution), compared ... -
Saturday, October 11, 2008
Stockhouse, Canada -
First Reliance Bancshares, Inc., (OTC Bulletin Board: FSRL), the holding company for First Reliance Bank, today announced 3rd quarter 2008 unaudited net income of $765,178, an increase of 31%. (Logo: http://www.newscom.com/cgi-bin/prnh/20041022/CLF051LOGO ) Unaudited net income for ... -
Oct 10, 2008
MarketWatch -
, , ) , the holding company for Lake Sunapee Bank, fsb (the "Bank"), today reported consolidated net income for the nine months ended September 30, 2008 compared to the same period in 2007. This decrease includes the ... -
Saturday, October 11, 2008
MarketWatch -
, , ) , the holding company for First Reliance Bank, today announced 3rd quarter 2008 unaudited net income of $765178, an increase of 31%. ... -
Oct 10, 2008
PR-CANADA.net (press release), Montenegro -
Attorney General Tom Corbett today announced that the Attorney General's Office is in the final stages of negotiations with Countrywide Financial to obtain monetary relief and cash assistance for thousands of Pennsylvania residents with loans through Countrywide. ... -
Oct 9, 2008
The Associated Press -
SPRINGFIELD, Ill. (AP) — Facing a lawsuit over deceptive mortgage practices, Bank of America Corp. is agreeing to pay more than $8 billion to modify hundreds of thousands of loans to keep people from losing their homes. Charlotte, N.C.-based Bank of America said ... -
Friday, October 10, 2008
Providence Journal, RI -
By Lynn Arditi Nearly 1000 Rhode Islanders who are struggling with risky mortgages from Countrywide Financial Corp. could get their loans modified and payments reduced under a proposed settlement with the state worth more than $23 million, the attorney general’s office said ... -
Saturday, October 11, 2008
Canoe.ca, Canada -
By MYKE THOMAS With the stock market meltdowns grabbing all the headlines this week, an important event down south didn't get as much ink as it deserved. ... -
Oct 8, 2008
Bloomberg -
By Phil Milford Oct. 8 (Bloomberg) -- Former officials of Bank of America Corp.'s Countrywide Financial unit won dismissal of a federal lawsuit in which ... -
Oct 9, 2008
Forbes, NY -
AP 10.09.08, 5:02 PM ET The Pennsylvania Attorney General's Office says ongoing negotiations over Countrywide Financial's subprime mortgages could lead to cash payments or other relief for thousands of customers in the state. Attorney General Tom Corbett says ...
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