Wells Fargo & Company (WFC) 50.27 $WFC
Wells Fargo to Present at the 2014 Morgan Stanley Financials Conference
Business Wire - Thu May 29, 7:02PM CDT
Wells Fargo & Company (NYSE:WFC) said today that Chief Financial Officer John Shrewsberry will participate at the 2014 Morgan Stanley Financials Conference in New York on Tuesday, June 10, at 9:45 a.m. EDT (6:45 a.m. PDT).
Wells Fargo's Legal Woes Persist - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu May 29, 3:00PM CDT
The U.S. District Judge, Otis Wright II in Los Angeles rescinded the bid filed by Wells Fargo & Company (WFC) regarding the dismissal of a lawsuit charged against the bank by Los Angeles City.
Midday Glance: Banks companies
AP - Thu May 29, 12:25PM CDT
NEW YORK (AP) — Shares of some top banks companies are mixed at 1 p.m.:
Early Glance: Banks companies
AP - Thu May 29, 9:51AM CDT
NEW YORK (AP) — Shares of some top banks companies are mixed at 10 a.m.:
Dismal 1Q Earnings for FDIC-Insured Banks - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu May 29, 9:40AM CDT
Federal Deposit Insurance Corporation (FDIC)-insured commercial banks and savings institutions reported first-quarter 2014 earnings of $37.2 billion, lagging the year-ago earnings of $40.3 billion by 7.6%.
Financial Advisor Keith Karnes of Wells Fargo Advisors, LLC Honored with the 2014 Five Star Wealth Manager Award
PRWeb - Thu May 29, 9:19AM CDT
Five Star Professional is pleased to announce Keith Karnes, Wells Fargo Advisors, LLC, has been chosen as one of Dallas/Fort Worth 2014 Five Star Wealth Managers.
Distressed Asset Resolutions' 2014 Industry Short Sale Roundtable Scores Huge Success
Marketwire - Thu May 29, 8:31AM CDT
Distressed Asset Resolution (D.A.R.), a national default service provider and advisory firm to homeowners, realtors, law firms and the real estate finance industry, today recapped their successful Spring 2014 Short Sale Roundtable.
Wells Fargo, NAACP, National Urban League to Host Housing Forums for Aspiring Homeowners During National Homeownership Month
Business Wire - Thu May 29, 8:01AM CDT
Wells Fargo (NYSE: WFC), the National Association for the Advancement of Colored People (NAACP) and National Urban League have announced a joint effort to host housing forums in nine select markets across the country during National Homeownership Month in June. The forums will provide aspiring homeowners with information and resources to help navigate the path to homeownership successfully.
Huttig Building Products, Inc. Amends and Extends Credit Facility -- Increases Capacity to $160 Million
Marketwire - Thu May 29, 5:01AM CDT
Huttig Building Products, Inc. (NASDAQ: HBP), a leading domestic distributor of millwork, building materials and wood products, today announced it has entered into an agreement to amend and extend its $120 million senior secured credit facility. The amendment, among other things, increases borrowing capacity from $120 million to $160 million, reduces interest rate charges and extends the facility for five years from the execution date, to May 28, 2019. The amended facility may be increased to $200 million, through an uncommitted $40 million accordion feature, subject to certain conditions. General Electric Capital Corporation (GECC) and Wells Fargo Capital Finance, LLC (Wells Fargo) are co-lenders under the facility.
Business Highlights
By The Associated Press - AP - Wed May 28, 5:18PM CDT
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Uptrend Call Working As Wells Fargo Stock Rises 19.6% (WFC)
Comtex SmarTrend(R) - Wed May 28, 5:04PM CDT
SmarTrend identified an Uptrend for Wells Fargo (NYSE:WFC) on October 16th, 2013 at $42.19. In approximately 7 months, Wells Fargo has returned 19.55% as of today's recent price of $50.44.
Final Glance: Banks companies
AP - Wed May 28, 5:02PM CDT
NEW YORK (AP) — Shares of some top banks companies were mixed at the close of trading:
BofA Gains on Resubmission of Capital Plan - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed May 28, 4:58PM CDT
Shares of Bank of America rose 3.4% on Tuesday following the news of resubmission of its capital plan.
BioCryst Pharmaceuticals Prices Public Offering of Common Stock
GlobeNewswire - Wed May 28, 4:50PM CDT
BioCryst Pharmaceuticals, Inc. (Nasdaq:BCRX) today announced the pricing of an underwritten public offering of 10,000,000 shares of its common stock, offered at a price to the public of $10.00 per share. The gross proceeds from this offering to BioCryst are expected to be $100 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by BioCryst. BioCryst has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of its common stock. The offering is expected to close on or about June 3, 2014, subject to customary closing conditions. BioCryst expects to use the net proceeds of this offering for general corporate purposes, including funding clinical development of BCX4161, the development of both second generation hereditary angioedema compounds, commercialization activities relating to peramivir and the advancement of other preclinical rare disease programs.
Waiting game: Why small businesses won't hire
By JOYCE M. ROSENBERG - AP - Wed May 28, 4:39PM CDT
NEW YORK (AP) — Even as the economy extends its growth and small businesses slowly add jobs, most owners are still holding off on hiring.
Public Storage Announces Pricing of 6.00% Cumulative Preferred Shares of Beneficial Interest, Series Z
Business Wire - Wed May 28, 4:02PM CDT
John Reyes, Senior Vice President and Chief Financial Officer of Public Storage (NYSE
SA), announced that the Company has priced a public offering of 10,000,000 depositary shares at $25.00 per depositary share, with each depositary share representing 1/1,000 of a 6.00% Cumulative Preferred Share of Beneficial Interest, Series Z. The offering is expected to result in $250 million of gross proceeds (assuming no exercise of the underwriters' overallotment option) and to close on or about June 4, 2014. The Company expects to use the net proceeds to make investments in self-storage facilities and in entities that own self-storage facilities and for general corporate purposes.
Sears Canada Extends and Reduces Credit Facility
CNW Group - Wed May 28, 4:00PM CDT
Sears Canada Inc. (TSX: SCC) announced today that it has extended the term of its senior secured revolving credit facility to May 2019 and has reduced the total credit limit from $800 million to $300 million. Currently, the revolving facility is undrawn.
Why Are Banks Not Lending Their $1.8 Trillion Cash Hoard?
Jay Jenkins, The Motley Fool - Motley Fool - Wed May 28, 12:10PM CDT
The Dow Jones Industrial Average was down about 23 points as of 1:05 p.m. EDT Wednesday . The blue-chip index has rocketed higher over the past few years at breakneck speeds. Many pundits today question just how much longer this streak can...
US bank earnings decline 7.7 percent in 1Q
By MARCY GORDON - AP - Wed May 28, 10:14AM CDT
WASHINGTON (AP) — U.S. banks' earnings declined 7.7 percent in the January-March quarter from a year earlier, as higher interest rates dampened demand for mortgage refinancing and reduced banks' revenue from the mortgage business.
Wells Fargo to Present at the 2014 Morgan Stanley Financials Conference
Business Wire - Thu May 29, 7:02PM CDT
Wells Fargo & Company (NYSE:WFC) said today that Chief Financial Officer John Shrewsberry will participate at the 2014 Morgan Stanley Financials Conference in New York on Tuesday, June 10, at 9:45 a.m. EDT (6:45 a.m. PDT).
Wells Fargo's Legal Woes Persist - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu May 29, 3:00PM CDT
The U.S. District Judge, Otis Wright II in Los Angeles rescinded the bid filed by Wells Fargo & Company (WFC) regarding the dismissal of a lawsuit charged against the bank by Los Angeles City.
Midday Glance: Banks companies
AP - Thu May 29, 12:25PM CDT
NEW YORK (AP) — Shares of some top banks companies are mixed at 1 p.m.:
Early Glance: Banks companies
AP - Thu May 29, 9:51AM CDT
NEW YORK (AP) — Shares of some top banks companies are mixed at 10 a.m.:
Dismal 1Q Earnings for FDIC-Insured Banks - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu May 29, 9:40AM CDT
Federal Deposit Insurance Corporation (FDIC)-insured commercial banks and savings institutions reported first-quarter 2014 earnings of $37.2 billion, lagging the year-ago earnings of $40.3 billion by 7.6%.
Financial Advisor Keith Karnes of Wells Fargo Advisors, LLC Honored with the 2014 Five Star Wealth Manager Award
PRWeb - Thu May 29, 9:19AM CDT
Five Star Professional is pleased to announce Keith Karnes, Wells Fargo Advisors, LLC, has been chosen as one of Dallas/Fort Worth 2014 Five Star Wealth Managers.
Distressed Asset Resolutions' 2014 Industry Short Sale Roundtable Scores Huge Success
Marketwire - Thu May 29, 8:31AM CDT
Distressed Asset Resolution (D.A.R.), a national default service provider and advisory firm to homeowners, realtors, law firms and the real estate finance industry, today recapped their successful Spring 2014 Short Sale Roundtable.
Wells Fargo, NAACP, National Urban League to Host Housing Forums for Aspiring Homeowners During National Homeownership Month
Business Wire - Thu May 29, 8:01AM CDT
Wells Fargo (NYSE: WFC), the National Association for the Advancement of Colored People (NAACP) and National Urban League have announced a joint effort to host housing forums in nine select markets across the country during National Homeownership Month in June. The forums will provide aspiring homeowners with information and resources to help navigate the path to homeownership successfully.
Huttig Building Products, Inc. Amends and Extends Credit Facility -- Increases Capacity to $160 Million
Marketwire - Thu May 29, 5:01AM CDT
Huttig Building Products, Inc. (NASDAQ: HBP), a leading domestic distributor of millwork, building materials and wood products, today announced it has entered into an agreement to amend and extend its $120 million senior secured credit facility. The amendment, among other things, increases borrowing capacity from $120 million to $160 million, reduces interest rate charges and extends the facility for five years from the execution date, to May 28, 2019. The amended facility may be increased to $200 million, through an uncommitted $40 million accordion feature, subject to certain conditions. General Electric Capital Corporation (GECC) and Wells Fargo Capital Finance, LLC (Wells Fargo) are co-lenders under the facility.
Business Highlights
By The Associated Press - AP - Wed May 28, 5:18PM CDT
___
Uptrend Call Working As Wells Fargo Stock Rises 19.6% (WFC)
Comtex SmarTrend(R) - Wed May 28, 5:04PM CDT
SmarTrend identified an Uptrend for Wells Fargo (NYSE:WFC) on October 16th, 2013 at $42.19. In approximately 7 months, Wells Fargo has returned 19.55% as of today's recent price of $50.44.
Final Glance: Banks companies
AP - Wed May 28, 5:02PM CDT
NEW YORK (AP) — Shares of some top banks companies were mixed at the close of trading:
BofA Gains on Resubmission of Capital Plan - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed May 28, 4:58PM CDT
Shares of Bank of America rose 3.4% on Tuesday following the news of resubmission of its capital plan.
BioCryst Pharmaceuticals Prices Public Offering of Common Stock
GlobeNewswire - Wed May 28, 4:50PM CDT
BioCryst Pharmaceuticals, Inc. (Nasdaq:BCRX) today announced the pricing of an underwritten public offering of 10,000,000 shares of its common stock, offered at a price to the public of $10.00 per share. The gross proceeds from this offering to BioCryst are expected to be $100 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by BioCryst. BioCryst has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of its common stock. The offering is expected to close on or about June 3, 2014, subject to customary closing conditions. BioCryst expects to use the net proceeds of this offering for general corporate purposes, including funding clinical development of BCX4161, the development of both second generation hereditary angioedema compounds, commercialization activities relating to peramivir and the advancement of other preclinical rare disease programs.
Waiting game: Why small businesses won't hire
By JOYCE M. ROSENBERG - AP - Wed May 28, 4:39PM CDT
NEW YORK (AP) — Even as the economy extends its growth and small businesses slowly add jobs, most owners are still holding off on hiring.
Public Storage Announces Pricing of 6.00% Cumulative Preferred Shares of Beneficial Interest, Series Z
Business Wire - Wed May 28, 4:02PM CDT
John Reyes, Senior Vice President and Chief Financial Officer of Public Storage (NYSE
SA), announced that the Company has priced a public offering of 10,000,000 depositary shares at $25.00 per depositary share, with each depositary share representing 1/1,000 of a 6.00% Cumulative Preferred Share of Beneficial Interest, Series Z. The offering is expected to result in $250 million of gross proceeds (assuming no exercise of the underwriters' overallotment option) and to close on or about June 4, 2014. The Company expects to use the net proceeds to make investments in self-storage facilities and in entities that own self-storage facilities and for general corporate purposes. Sears Canada Extends and Reduces Credit Facility
CNW Group - Wed May 28, 4:00PM CDT
Sears Canada Inc. (TSX: SCC) announced today that it has extended the term of its senior secured revolving credit facility to May 2019 and has reduced the total credit limit from $800 million to $300 million. Currently, the revolving facility is undrawn.
Why Are Banks Not Lending Their $1.8 Trillion Cash Hoard?
Jay Jenkins, The Motley Fool - Motley Fool - Wed May 28, 12:10PM CDT
The Dow Jones Industrial Average was down about 23 points as of 1:05 p.m. EDT Wednesday . The blue-chip index has rocketed higher over the past few years at breakneck speeds. Many pundits today question just how much longer this streak can...
US bank earnings decline 7.7 percent in 1Q
By MARCY GORDON - AP - Wed May 28, 10:14AM CDT
WASHINGTON (AP) — U.S. banks' earnings declined 7.7 percent in the January-March quarter from a year earlier, as higher interest rates dampened demand for mortgage refinancing and reduced banks' revenue from the mortgage business.
