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Wells Fargo (WFC) Raising Equity To Repay TARP
Tuesday, December 15, 2009 - 3:52pm | 130Wells Fargo & Co. (NYSE: WFC)(FREE stock trend analysis) has decided to raise $10.4 billion through stock offering as a means to repay the $25 billion support from the U.S. Treasury's Troubled Asset Relief Program (TARP). Wells Fargo said it could raise an additional $1.56 billion as a way of...
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Wells Fargo (WFS) To Repay Government Loans
Tuesday, December 15, 2009 - 3:42pm | 141Wells Fargo (NYSE: WFC)(FREE stock trend analysis) announced its plan to pay $25 billion of the government TARP loans. Wells Fargo will repay its TARP loan after raising a $10.4 billion from the markets. It expects to raise another $1.5 billion by selling certain assets next year with the approval...
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US Stock Futures Decline As Fed Begins Discussion
Tuesday, December 15, 2009 - 3:37pm | 80On Tuesday, S&P 500 futures declined 2.4 points to 1,106.2 and NASDAQ 100 futures dropped 3.25 points to 1,804.50 as the Federal Reserve was due to begin discussions on the interest rate policy. Wells Fargo & Company (NYSE: WFC)(FREE stock trend analysis) announced that it would repay the...
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Buy Rating For Wells Fargo
Tuesday, December 15, 2009 - 3:23pm | 57Wells Fargo (NYSE: WFC) was upped to buy from hold at Deutsche Bank with a $36 price target following the San Francisco bank's move to repay TARP. Wells Fargo's TARP repayment is in line with the broker's expectations, which added that the upgrade is on the expectations for a very strong fourth...
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Benzinga’s Biggest Losers (TTHI, RTK, GY, AIB, FDS)
Tuesday, December 15, 2009 - 1:47pm | 247Transition Therapeutics Inc. (NASDAQ: TTHI) has plunged 44% to $4.43 on 1.80 million shares after Elan Corporation, plc and Transition Therapeutics, Inc. notified clinical investigators of modifications to the Phase II study AD201 and open label extension study AD251 for ELND005, a compound being...
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TRADE LESSON: STACKING THE ODDS IN YOUR FAVOR
Tuesday, December 15, 2009 - 11:56am | 235One of the best things a trader could have is multiple factors on the charts to increase the odds of a successful trade. Often many beginner or novice traders buy or sell a stock just based off one support/resistance level. While that is a start, the IntheMoneyStocks.com traders are taught to look...
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Top 5 Mid-Cap Stocks with Highest Cash Per Share (CM, AIG, WSC, WTM, NVR)
Tuesday, December 15, 2009 - 11:55am | 194Below are the top 5 mid-cap stocks on the NYSE and the NASDAQ in terms of the highest cash per share. Canadian Imperial Bank of Commerce (NYSE: CM) has cash per share of $1,500. CM’s market capitalization is $3.13 billion. Credit Suisse upgraded CM from “underperform” to “neutral.” American...
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Company News for December 15, 2009 - Corporate Summary
Tuesday, December 15, 2009 - 10:14am | 199• Charles Schwab (NASDAQ:SCHW) said it expects fourth quarter earnings ex-items of about 13 cents to 15 cents per share, short of Street estimates of 17 cents, citing lower interest rates and light trading volume • Goldman Sachs (NYSE:GS) began coverage of IPO Hyatt (NYSE:H) with a "buy" rating and...
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Stock Market News for December 15, 2009 - Market News
Tuesday, December 15, 2009 - 10:12am | 490Abu Dhabi’s bailout of a Dubai World unit and a big acquisition by Exxon Mobil sent stocks higher Monday, as investors grew confident the economy is on a positive path. Investors were particularly pleased after the Middle Eastern city-state of Abu Dhabi came forward with a $10 billion financing to...
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Benzinga’s News Roundup (BBT, MGLN, FDS, WY, WFC)
Tuesday, December 15, 2009 - 9:13am | 408BB&T Corporation (NYSE: BBT)(FREE stock trend analysis) was upgraded by Deutsche Bank to Buy from Hold. BBT has gained 1.60% to $26.65 in the pre-market session. In the previous trading session, BB&T Corporation closed at $26.23. The 52-week trading range for BBT is $12.90 - $30.88. In the...
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Deutsche Bank Upgrades Wells Fargo To Buy (WFC)
Tuesday, December 15, 2009 - 7:42am | 52Deutsche Bank upgrades Wells Fargo (NYSE: WFC)(FREE stock trend analysis) to Buy from Hold. It believes WFC TARP repayment removes uncertainty. Deutsche raises Wells Fargo price target from $29 to $36. Deutsche believes Wells Fargo will report strong Q4 results.
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ETFs To Watch December 15, 2009 (PXJ, XLF, URE, ERY)
Tuesday, December 15, 2009 - 5:49am | 405Here is the ETF Professor's ETF Watch List for Tuesday December 15, 2009. Natural gas is obviously in play from after news of Exxon Mobil's (NYSE: XOM)(FREE stock trend analysis) $31 billion purchase of XTO Energy (NYSE: XTO)(FREE stock trend analysis), so the PowerShares Dynamic Oil & Gas...
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Wells Fargo To Pay Back TARP And Sell Up To $10.4 Billion of Stock
Monday, December 14, 2009 - 7:28pm | 537Wells Fargo & Company (NYSE: WFC)(FREE stock trend analysis) announced today that it will pay back the $25 billion under the government’s Troubled Asset Relief Program (TARP), upon successful completion of a $10.4 billion common stock offering. “TARP stabilized our country’s financial system...
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Financials Slowing Down
Monday, December 14, 2009 - 5:50pm | 521Over the past month, two sectors have slowed the market more than any area: Financials and Energy. Of those sectors, Financials is the larger sector by market cap. Banks backed off this year’s gains after finishing a hot streak that almost no one predicted. That rise followed a punishing period...
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Merrill Lynch Retains Positive Stance On Asian Credit
Monday, December 14, 2009 - 1:28pm | 97Merrill Lynch retained its positive stance on Asian credit in 2010 and expected excess returns in the low to mid-single digit area for investment grade. The high single digit to low double-digit is for high yield. It believes that the outperformance in investment grade will come from Asian Bank...