'Mad Money' Lightning Round: You Want to Own Wells Fargo
at The Street - 51 mins ago
Cramer prefers Deere & Co. over Potash, thinks DSW is a natural to be acquired and says to sell, sell, sell El Pollo Loco.
Jim Cramer's 'Mad Money' Recap: Stop Worrying About Alibaba's IPO
at The Street - Thu Sep 18, 7:22PM CDT
Cramer refutes the top 10 concerns about this initial public offering that has fascinated investors.
Final Glance: Banks companies
AP - Thu Sep 18, 5:04PM CDT
NEW YORK (AP) — Shares of some top banks companies were up at the close of trading:
Wells Fargo (WFC) Continues to Boost Mortgage Business - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Sep 18, 5:00PM CDT
Wells Fargo & Company (WFC) has taken yet another step to drive up mortgage originations.
Anixter International Inc. Announces the Pricing of a $400 Million, 7-Year Senior Notes Offering by Anixter Inc.
Business Wire - Thu Sep 18, 4:24PM CDT
Anixter International Inc. (NYSE: AXE) today announced that through its wholly-owned subsidiary, Anixter Inc., it has priced an offering of $400 million of 5.125% senior notes due 2021 in an underwritten public offering. The offering is expected to close on September 23, 2014. Anixter International Inc. will fully and unconditionally guarantee the notes, which will be unsecured obligations of Anixter Inc. The net proceeds will be used to repay amounts outstanding under Anixter's accounts receivable securitization program and to repay borrowings under Anixter's revolving line of credit. The offering is being made under Anixter Inc.'s shelf registration statement.
Fitch: No Rating Impact on 3 Sequoia Transactions For Transfer of Repurchase Enforcement Duties
Business Wire - Thu Sep 18, 4:08PM CDT
Fitch Ratings has been notified by Wells Fargo Bank, N.A. (Wells Fargo), in its capacity as master servicer for the Sequoia deals identified below, that it has assigned any duties it may have to enforce repurchase obligations to Law Debenture Trust Company of New York (Law Debenture). The ratings on the subject transactions will not be affected by this assignment.
ACE Cash Express, Inc. Announces Earnings Date And Conference Call For Noteholders To Discuss Fiscal 2014 Results
PR Newswire - Thu Sep 18, 3:42PM CDT
ACE Cash Express, Inc. announced that on September 23, 2014, it will provide fiscal 2014 financial results to Wells Fargo Bank, National Association, the trustee under the Indenture dated as of February 10, 2011 governing the Company's 11.00% Senior Notes due 2019. The Company also announced it will host a conference call for Noteholders on Wednesday, September 24, 2014, at 10:00 a.m. CDT to discuss fiscal 2014 financial results.
SmarTrend Watching for Potential Pullback in Shares of Wells Fargo After 1.41% Gain
Comtex SmarTrend(R) - Thu Sep 18, 3:41PM CDT
Wells Fargo (NYSE:WFC) traded in a range yesterday that spanned from a low of $52.63 to a high of $53.38. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $52.85 on volume of 14.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Midday Glance: Banks companies
AP - Thu Sep 18, 12:18PM CDT
NEW YORK (AP) — Shares of some top banks companies are up at 1 p.m.:
BNY Mellon Hits 52-week High: Right Time to Buy the Stock? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Sep 18, 10:30AM CDT
Despite the strong price appreciation, BNY Mellon has plenty of upside left, given the estimate revisions witnessed over the last 60 days.
Watch for Shares of Wells Fargo (WFC) to Approach Resistance at $53.19
Comtex SmarTrend(R) - Thu Sep 18, 9:00AM CDT
Shares of Wells Fargo (NYSE:WFC) opened today above their pivot of $52.51 and have already reached the first level of resistance at $52.85. Analysts will be watching for a cross of the next upside pivot targets of $53.19 and $53.87.
Anixter International Inc. Announces $400 Million Senior Note Offering by Anixter Inc.
Business Wire - Thu Sep 18, 8:02AM CDT
Anixter International Inc. (NYSE: AXE) today announced that its wholly-owned operating subsidiary, Anixter Inc., will offer $400 million of senior notes due 2021 in an underwritten public offering. Anixter International Inc. will fully and unconditionally guarantee the notes, which will be unsecured obligations of Anixter Inc. The net proceeds will be used to repay amounts outstanding under Anixter's accounts receivable securitization program and to repay borrowings under Anixter's revolving line of credit. The offering is being made under Anixter Inc.'s shelf registration statement.
Market Maker Surveillance Report. AMAT, C, T, WFC, AA, SFOR, Highest Net Buy Volume With Lowest Price Friction For Wednesday, September 17th 2014
M2 - Thu Sep 18, 3:30AM CDT
BUYINS.NET / www.buyins.net, announced today its proprietary Market Maker Friction Factor Report for Wednesday. Since October 2008 market makers are now required to be on the bid as much as they are on the offer and for like amounts of stock. This Fair Market Making Requirement is designed to prevent market makers from manipulating stock prices. On Wednesday there were 4737 companies with "abnormal" market making, 2409 companies with positive Friction Factors and 2599 companies with negative Friction Factors. Here is a list of the top companies with the highest net buy volume on Wednesday and lowest price Friction (bullish). This means that there was more buying than selling in the stocks and their stock prices rose faster with less Friction. APPLIED MATERIALS, INC. (NASDAQ:AMAT), Citigroup Inc (NYSE:C), AT&T Inc (NYSE:T), WELLS FARGO & COMPANY (NYSE:WFC), Alcoa Inc (NYSE:AA), StrikeForce Technologies Inc (OTC:SFOR). To access Friction Factor, Naked Short Data and SqueezeTrigger Prices on all stocks please visit http://www.buyins.net .
Asian stocks mostly down after Fed meeting
By YOUKYUNG LEE - AP - Wed Sep 17, 10:35PM CDT
SEOUL, South Korea (AP) — Asian stock markets mostly fell Thursday after the U.S. Federal Reserve increased its estimate for the level of the central bank's benchmark interest rate by the end of 2015, surprising investors who expected a slower pace of rate hikes.
Wells Fargo pays $290,000 in sex harassment case
By SCOTT SONNER - AP - Wed Sep 17, 3:44PM CDT
RENO, Nev. (AP) — Wells Fargo Bank has agreed to pay $290,000 to four tellers in Nevada to settle a same-sex sexual harassment case brought by the U.S. Equal Employment Opportunity Commission.
Citi, BofA Plan Discount Mortgages for Tainted Borrowers - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Sep 17, 3:40PM CDT
Citigroup (C) and Bank of America (BAC) will offer mortgage loans at a discounted rate to borrowers with blemished credit histories or low incomes, going by a Wall Street Journal report.
State Street's Revenue Growth Continues: Should You Own It? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Sep 17, 3:35PM CDT
On Sep 10, 2014, we issued an updated research report on State Street (STT).
Citigroup Discloses 2014 Midyear Stress Test Results - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed Sep 17, 2:44PM CDT
In compliance with regulations, Citigroup Inc. (C) and several other Wall Street banking giants have released 2014 Mid-Cycle Stress Test results, projecting their ability to cope with the most adverse economic scenarios.
Why PulteGroup (PHM) Stock Is Soaring Today
at The Street - Wed Sep 17, 1:45PM CDT
PulteGroup (PHM) stock is rising as homebuilder confidence reaches its highest level since 2005.