Posts Tagged ‘WFC’

Option Expiration’s Largest Open Interest Contracts (GE, MSFT, PFE, INTC, YHOO, CSCO, WFC, SPY, QQQQ, FXI, XLK, XHB)

Today marks the January 2011 options expiration date. There are many active options expiring, and the reason these are so large is because many are LEAPS rather than just normal monthly options.  The old rule of thumb is that options tend to drift toward their closest and most active options contract strike prices.  We identified [...]

Banks On Move (MS, WFC, KEY)

Morgan Stanley (NYSE: MS), a bank holding company that is no bank at all, reported $0.82EPS vs. $0.57 expected and revenue was $9.08 billion vs. $7.94 billion.  Shares are up 3.6% at $31.55 on almost 700,000 shares as of 8:35 AM EST.  The 52-week range is $20.69 to $35.78. Average volume is close to 20 [...]

Over-Regulation Risks Cause Exponential Bank Volumes (JPM, BAC, WFC, C, GS, MS)

We won’t bother complaining about or praising why these banks and brokers are down so much today.  You already know the proposed regulation that would basically turn banks into utilities. Here are the reactions… more importantly, look at the share volumes as of 1:33 PM EST: JPMorgan Chase & Co. (NYSE: JPM) $41.0125, Down 5.50% [...]

Wells Fargo Wins Bank Reports, So Far (WFC)

Wells Fargo & Co. (NYSE: WFC) is trading up, unlike the initial reaction of the other moneycenter banks that have reported.  The bank reported $0.08 EPS and $23 billion in revenues versus estimates of -$0.01 EPS and revenues $22 billion. Shares were trading up about 3.1% pre-market on the news, but at 8:45 AM EST [...]

Wells Fargo Wins on TARP Exit (WFC)

At 8:04 AM EST we have seen almost 4 million shares trade in Wells Fargo & Co. (NYSE: WFC).  By now you know the news… it is joining Citi and BofA in repaying the TARP.  Its tally is $25 billion.  Shares are up 2% at $25.94 versus a 52-week trading range of $7.80 to $31.53 [...]

OPTIONS ALERT: Wells Fargo (WFC)

Wells Fargo & Company (NYSE: WFC) has seen a flurry of PUT OPTIONS activity today.  It has traded about 123,000 puts and 17,589 calls as of 11:20am, with put volume nearly 3X average daily volume already.  Of this volume more than 75% of it has been bought at the offer, bearish bets.  The majority of [...]

Wells Fargo Loving Goldman Sachs (WFC)

Wells Fargo & Co. (NYSE: WFC) is surging this morning considering that it is a super-regional bank without a news release of its own.  Its shares are up 4% at $27.35 but only on about 350,000 shares as of 8:54 AM EST.  This was raised at Goldman Sachs to BUY and that appears to be [...]

Wells Fargo Seeing Increased Options Trading (WFC)

We are starting to see some increased trading activity in stock options of  Wells Fargo & Company (NYSE: WFC).  Most days now have financial stocks with various put and call optiosn activity, but this looks larger than most days so far for less than two hours into the trading day.  Below is where you will [...]

Volume/Price Surge: Wells Fargo (WFC)

Wells Fargo & Co. (NYSE: WFC) is seeing a price and volume surge after the company beat earnings this morning. Its shares had been thrown out like the proverbial baby with the bathwater over recent trading weeks as the entire sector has been battered. Wells Fargo posted solid earnings and actually raised its dividend. We [...]