Wells Fargo: More Bids But Don't Get Happy

Wells Fargo

Classic "good news  / bad news" scenario

Wachovia CEO Will Not Collect Bonus

Robert Steele, Wachovia

We aren't supposed to be impressed are we?

Wells Fargo Completes $25 Billion TARP Deal

Wells Fargo & Company (NYSE:WFC) announced today it has issued to the U.S. Department of the Treasury 25,000 shares of Wells Fargo’s Fixed Rate Cumulative Perpetual Preferred Stock, Series D without par value.

Yesterday's (10/23) 6% Slide in the DOW

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National City Reports 11% Tier 1

Yes it is a loss, yes it was expected. What do we care about? Deposits are growing, Tier 1 remains high and operating income is up.

National City CEO: "Quite Optimistic"

National City (NCC) CEO Peter Raskind seams less than worried about his bank.

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