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Real Estate News Releases
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(CHARTPOPPERS.COM, December 04, 2009 ) Point Roberts, WA - Chartpoppers.com announces an investment report featuring company Wells Fargo & Company (NYSE: WFC)
The Consolidated Investment Analysis on Bank of Wells Fargo & Company (NYSE: WFC)will be in particular interest to other competing companys within in its sector, such as Citigroup Inc. (NYSE:C), JP Morgan Chase. (NYSE: JPM) and HSBC Holdings. (NYSE: HBC)
Wells Fargo & Company (Wells Fargo) is a financial holding company and a bank holding company. The Company is a diversified financial services company providing retail, commercial and and corporate banking services through banking stores located in 39 states and the District of Columbia. It provides other financial services through subsidiaries engaged in various businesses, principally wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, insurance agency and brokerage services, computer and data processing services, trust services, investment advisory services, mortgage-backed securities servicing and venture capital investment.
Recent News on Wells Fargo & Company
Bank of America's surprise move to pay back $45 billion in federal bailout money ratchets up pressure on rivals Wells Fargo and Citigroup to get out from under the government's thumb. But don't expect it to happen anytime soon.
That's because many banks, including Citi and Wells Fargo, still face big losses on loans as people fall behind on bills -- losses that could further erode their capital and put them in danger.
Moreover, the government may be reluctant to let them repay until they're confident that no further assistance will be needed. If the economy were to seriously weaken again, the government could be forced to inject more money into big banks.
Bank of America Corp. said Thursday it has raised $19.29 billion from a securities offering that, along with available cash, will be used to repay the money it received during the height of the credit crisis last year. It would become the first of seven companies that received "exceptional" government assistance -- bailout funds beyond the initial injections from the Troubled Asset Relief Program -- to pay back taxpayers in full.
In doing so, Bank of America would join JPMorgan Chase & Co., Morgan Stanley and Goldman Sachs Group as large banks that have cut ties with the government -- and broken free of limits on executive compensation and other restrictions. While those banks also have had steep loan losses, they've been able to offset much of the damage with strong profits in their trading divisions.
To view the Consolidated Investment Analysis on Wells Fargo & Company (NYSE: WFC)Please visit the stock pulse page at www.chartpoppers.com/stock%20pulse/
In the report chartpoppers.com covers a recent Financial Summary, Analyst Consensus, Technical Analysis, Comparative Analysis and Insider Trading Activity.
The full report is available at www.chartpoppers.com
Chartpoppers.com is a market research and investment commentary provider. Chartpoppers.com aims to bring undervalued, up and coming companies into the sight of both experienced and non-experienced investors. Our diligent effort is to help investors, at whatever stage in their careers, to get a grasp on the necessary financial data that they need in order to make a educated investment decision. From our daily trading ideas and penny picks to a in depth coverage of whatÂ’s going on in the markets, we are sure that chartpoppers.com is exactly what you need in order succeed.
For More information please visit us at www.chartpoppers.com/about/
Chartpoppers.com Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. ChartPoppers.com nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
CHARTPOPPERS.COM
Paul Marek
6047245332
info@chartpoppers.com
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