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Community Center Loan - News Articles
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Oct 15, 2008
New York Times, United States -
By ERIC DASH JPMorgan Chase, the investment bank, reported third-quarter profit of $527 million on Wednesday, suffering a steep decline amid the turbulent ... -
Oct 15, 2008
Forbes, NY -
AP 10.15.08, 12:59 PM ET Shares of national banks mostly fell Wednesday afternoon amid a broader market decline, but Wells Fargo & Co. and JPMorgan Chase & Co. were bright spots in the sector after both reported smaller-than-expected declines in profit. Earlier Wednesday, ... -
Oct 15, 2008
Forbes, NY -
AP 10.15.08, 1:57 PM ET An analyst on Wednesday said Wells Fargo & Co.'s acquisition of Wachovia Corp. should open the door for regional banking competitors in certain parts of the country to benefit from the deal. Sandler O'Neill & Partners LP analyst ... -
Oct 15, 2008
Bizjournals.com, NC -
Wells Fargo & Co., which is buying Charlotte, NC-based Wachovia Corp. for $12.2 billion, reports a 25 percent drop in third-quarter net income. The San Francisco-based bank earned $1.64 billion, or 49 cents per diluted share, down from $2.17 billion, ... -
Oct 15, 2008
Bizjournals.com, NC -
Wells Fargo & Co. offered the best news for stockholders among Arizona’s three largest banks releasing earnings reports this month. San Francisco-based Wells (NYSE:WFC) on Wednesday reported net income of $1.64 billion, or 49 cents a share. ... -
Oct 15, 2008
Forbes, NY -
AP 10.15.08, 3:03 PM ET Wells Fargo CEO John Stumpf is telling Wachovia workers every effort will be made to retain employees following the merger of the two financial giants. Stumpf appeared with Wachovia CEO Bob Steel on Wednesday in Charlotte to discuss the ... -
Oct 15, 2008
Bizjournals.com, NC -
The Wachovia Atrium overflowed Wednesday with bank employees listening to Wells Fargo & Co. Chief Executive John Stumpf and wondering about their future. But Wachovia Corp. Chief Executive Bob Steel wasn’t among the wonderers. “There is ... -
Oct 15, 2008
Bizjournals.com, NC -
Wells Fargo & Co. Chief Executive John Stumpf issued a brief message to the San Francisco bank’s customers Tuesday, seeking to reassure them that “it’s ... -
Oct 15, 2008
The Associated Press -
NEW YORK (AP) — In the midst of one of the nation's worst credit crises, JPMorgan Chase & Co. and Wells Fargo & Co. managed to report better-than-expected third-quarter results on Wednesday. But even two of the country's strongest banks proved they are not immune to the ... -
Oct 15, 2008
guardian.co.uk, UK -
By Elinor Comlay and Jonathan Stempel NEW YORK, Oct 15 (Reuters) - JPMorgan Chase & Co and Wells Fargo & Co posted better-than-expected earnings on Wednesday despite higher credit losses, underlining their standing as among the strongest big banks in the battered U.S. financial ...
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Oct 15, 2008
Times Online, UK -
Profits at JPMorgan Chase fell by 84 per cent in the third quarter as bad mortgages inherited through its acquisition of the failed Bear Stearns took their ... -
Oct 15, 2008
International Herald Tribune, France -
AP CHARLOTTE, North Carolina: The chief executive of Wells Fargo made no promises about job losses Wednesday when he addressed a crowd of Wachovia Corp. employees, but said he would make every effort to retain workers amid the banks' combination. "As we ... -
Oct 15, 2008
Reuters -
By Dan Wilchins - Analysis NEW YORK (Reuters) - Wells Fargo & Co (WFC.N: Quote, Profile, Research, Stock Buzz) has gotten through the credit crunch so far smelling like a rose, but a skunk may yet cross its path. ... -
Oct 15, 2008
Minneapolis Star Tribune, MN -
By MIKE MEYERS, Star Tribune AP NewsAlert In another bruising day on Wall Street, Minnesota's largest bank offered unexpectedly good news on earnings but was nevertheless punished by stock traders. Wells Fargo reported a third-quarter decline in earnings compared with a ... -
Oct 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, ... -
Oct 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, ... -
Oct 16, 2008
Forbes, NY -
Wells Fargo was not immune to the ailing housing market or turmoil in the US economy in the third quarter, but given the stiff charges and write-downs it took, the bank’s earnings were superb. “Once again, Wells Fargo easily earned more than its dividend of ... -
Oct 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 , ... -
Oct 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 ... -
Oct 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). ...
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