Topic: Wells Fargo & Company

Wells Fargo posts record profit, falling revenue

US bank Wells Fargo on Monday reported record profit in the third quarter, despite a fall in revenue amid the sluggish economy.Net earnings totaled $4.1 billion, marking a 21 percent increase from the July-September period last year, the San Francisco-based bank said ...

Recovery proving uneven among states: report

WASHINGTON (Reuters) - The economic recession that began in 2007 was uniformly damaging to U.S. states, sparing just one or two from its effects, but the recovery is promising to be uneven across the country.According to a special report released on Tuesday ...

Wall St Week Ahead: Stocks, at crossroads, turn to earnings

NEW YORK (Reuters) - The U.S. stock market landed at a technical crossroads following its best week in a year, yet the potential for positive earnings surprises beginning next week could give an edge to the bulls.Analysts turned increasingly bearish before the ...

The Option ARM Crisis 2010-2012

Over the last 3 years, you've become accustomed to hearing various causes for the current financial crisis: Option ARMs is the mortgage equivalent of the crazy, drunk uncle you try to keep hidden during family gatherings. Now, when it comes to Option ...

The Coming Option ARM Crisis

Over the last three years, you've become accustomed to hearing various causes for the current financial crisis: Option ARMs is the mortgage equivalent of the crazy, drunk uncle you try to keep hidden during family gatherings. Now, when it comes to Option ...
To follow up and expand upon my other writings regarding the ECB/euro bailout package of last weekend, I want to focus on why I believe the markets responded to the north as strongly as they did - and why believing in this ...
The last credit crisis was extremely dangerous, because the potential collapse of the financial system can create a chain reaction of negative feedback loops in the real economy. Select Comfort (SCSS), a high-end bed manufacturer known for its Sleep Number beds, struggled ...

On the Politically Malleable FASB Rules

Johnathan Weill had an excellent article on Bloomberg Thursday illustrating just how BS the BS FASB accounting changes regarding mark-to-market really were. If the engineered bear market rally is running off of the FASB generated lies, then we certainly do have another ...
I'm happy to present our latest interview with young investor Mariusz Skonieczny. The audience for my book is beginning to intermediate investors. " and that's how I was inspired to title my book, Why Are We So Clueless about the Stock Market? ...
In a rather interesting article Thursday morning Mish attempted to argue that reinstating Glass-Steagall " The idea that Glass-Steagall would have done much, if anything to prevent this crisis is potty. It is not that Glass-Steagall would prevent people from acting fraudulently. ...
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