Market Watch (Free subscription) | yesterday
LONDON (MarketWatch) -- Prudential Financial was upped to outperform from market perform by Wells Fargo, as the broker said the insurer is emerging from the financial crisis better capitalized and with a higher degree of financial flexibility than many of its peers. "Prudential looks much as it did prior to the financial crisis, in our opinion; with a business mix oriented toward higher returning...
BloggingStocks (Free subscription) | yesterday
Filed under: Analyst reports , Analyst upgrades and downgrades , Analyst initiations Analyst upgrades: Wells Fargo upgraded Prudential ( PRU ) to outperform from market perform. The firm thinks the company is in a better position than its peers and will be able to more effectively exploit M&A opportunities. UBS upgraded Reliance Steel ( RS ) to buy from neutral based on potential growth through...
Business Wire (Free subscription) | 11/23/2009
NEW YORK--(BUSINESS WIRE)--Transatlantic Holdings, Inc. (NYSE: TRH) (the “Company”) announced today the closing of a previously announced registered offering (the “Offering”) of $350,000,000 aggregate principal amount of its 8.00% Senior Notes due 2039. Goldman, Sachs & Co. and Wells Fargo Securities, LLC were underwriters for the Offering. Transatlantic Holdings, Inc. is...
BloggingStocks (Free subscription) | 11/19/2009
Filed under: Analyst reports , Analyst upgrades and downgrades , Intel (INTC) , Texas Instruments (TXN) , Analyst initiations Analyst upgrades: Oppenheimer upgraded Momenta Pharmaceuticals ( MNTA ) to outperform from perform as it finds the stock attractive ahead of FDA's decision on M-enoxaparin. The firm has a $15 price target on the stock. Wells Fargo upgraded Symmetry Medical ( SMA ) to market...
The Street (Free subscription) | 11/18/2009
Wells Fargo reached a settlement with regulators to resolve questions about its marketing of auction rate securities, agreeing to buy back roughly $1.4 billion of the securities from eligible investors.
USA Today (Free subscription) | 11/18/2009
Three subsidiaries of Wells Fargo(WFC) have agreed to repay customers about $1.4 billion to settle a lawsuit alleging the company ...
BloggingStocks (Free subscription) | 11/18/2009
Filed under: Analyst reports , Analyst upgrades and downgrades , Target Corp. (TGT) , Research in Motion (RIMM) , Analyst initiations Analyst upgrades: RBC Capital upgraded Fidelity National ( FIS ) to outperform from sector perform. The firm upgraded the stock due to valuation, and its belief that the company will clear up issues related to its merger on its Analyst Day, scheduled for Dec. 7. The...
Business Week (Free subscription) | 11/18/2009
Plus Wall Street analyst opinions on Autodesk and Salesforce.com
Business Wire (Free subscription) | 11/17/2009
SAN FRANCISCO--(BUSINESS WIRE)--Wells Fargo & Company (NYSE:WFC) announced today that its team members pledged a record $41.9 million to more than 25,000 nonprofits and schools through its annual Community Support and United Way Campaign. This was a 21 percent increase over the combined Wells Fargo and Wachovia campaigns in 2008. It was also the Company’s most “green” Campaign...
Market Watch (Free subscription) | 11/16/2009
SAN FRANCISCO (MarketWatch) -- Berkshire Hathaway , the insurance-focused conglomerate owned by Warren Buffett, increased its stakes in Wal-Mart Stores and Wells Fargo during the third quarter, according to a regulatory filing Monday. Berkshire also took new stakes in Exxon Mobil , Nestle , Republic Services and Travelers Cos. during the period, the filing showed. Berkshire sold shares of companies...
BloggingStocks (Free subscription) | 11/12/2009
Filed under: General Electric (GE) , Berkshire Hathaway (BRK.A) , Market matters , Boeing Co (BA) , Comcast Cl'A' (CMCSA) , Goldman Sachs Group (GS) , Merck and Co (MRK) , Wells Fargo (WFC) , Chasing Value , S and P 500 , Stocks to Buy , Intuitive Surgical Inc (ISRG) , Burlington Northern Santa Fe (BNI) , Annaly Capital Management (NLY) , EZCORP (EZPW) The clock is ticking away the time before the...
Business Wire (Free subscription) | 11/12/2009
NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns a rating of 'AA/F1+' to the floater certificates and a rating of 'AA' to the residual certificates of Wells Fargo Stage Trust series 2009-79C. The long-term 'AA' rating is based on the rating that Fitch has assigned to the County of Montgomery, Ohio, revenue bonds (Catholic Health Initiatives) series 2009A deposited in the trust. The short-term 'F1+'...
Business Wire (Free subscription) | 11/12/2009
NEW YORK--(BUSINESS WIRE)--Fitch Ratings assigns a rating of 'AA-/F1+' to the floater certificates and a rating of 'AA-' to the residual certificates of Wells Fargo Stage Trust, series 2009-80Z. The long-term 'AA-' rating is based on the custody level credit enhancement provided by Wells Fargo & Company (currently rated 'AA-/F1+') securing the custodial receipts deposited into the trust. The short-term...
PR News Wire (Free subscription) | 11/11/2009
DALLAS, Nov. 11 /PRNewswire / -- ACE Cash Express, Inc. announced that on November 16, 2009, it will provide fiscal first quarter financial results to Wells Fargo Bank, National Association, the trustee under the Indenture dated as of October 5, 2006 governing the Company's 10.25% Senior Notes due 2014. The Company also announced it will host a conference call for Noteholders on Wednesday, November...
BloggingStocks (Free subscription) | 11/11/2009
Filed under: Analyst reports , Analyst upgrades and downgrades , Analyst initiations Analyst upgrades: Citigroup upgraded FPL Group ( FPL ) to buy from hold on valuation and recommends buying the stock into the staff recommendation. The firm raised its target on shares to $58 from $55. Deutsche Bank upgraded Smithfield Foods ( SFD ) to buy from hold as it believes the company's fundamentals and export...
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