4 Financial Stock Stories Making Midweek Moves

Wells Fargo & Co. (NYSE:WFC): Current price $42.63

The Resorts of Dana Point announced Wells Fargo Private Bank as Grand Patron of Elephant Parade: Welcome to America. Being the first United States financial institution to substantially support this campaign for conservation, Wells Fargo affirmed its sponsorship funding and will play a significant part in helping to save the Asian elephant species from extinction.

Regional Managing Director for Wells Fargo Private Bank in Orange County Chris Rommel commented that, “We’re pleased to be able to support the endeavors of Elephant Parade: Welcome to America! At Wells Fargo, we believe those of us who can, should lead positive environmental change and we embrace that responsibility. That’s why as we do business we try to protect natural resources and the environment. We’re finding new ways to minimize our energy consumption, reduce waste, and support renewable sources of energy, while building stronger communities.”

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

WFC 20130821

Morgan Stanley (NYSE:MS): Current price $26.36

Australia’s number-one  investment bank, Macquarie Group Ltd., has recruited Michael Gray from Morgan Stanley to lead international sales trading as part of the expansion of its United States equities division. Gray will be a managing director based in New York and, prior to this, was a managing director who oversaw international equity sales trading at Morgan Stanley, according to a Macquarie statement.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

MS 20130821

American International Group Inc. (NYSE:AIG): Current price $47.26

According to a Wednesday Bloomberg report, New China Trust, which was leading a consortium of Chinese investors in a $4.2-billion offer for AIG’s aircraft-leasing unit, backed out of the deal in May. Knowledgeable sources told Bloomberg that New China Trust withdrew from the group over fears that its connections with a Chinese regulator might lead to added scrutiny of the transaction. The consortium missed three deadlines to make payments and earlier in August, AIG extended the deal closure date to the end of the month.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

AIG 20130821

IntercontinentalExchange (NYSE:ICE): Current price $183.73

IntercontinentalExchange has recruited three banks to advise on the listing of Euronext, whose sale is vital to its $8.2-billion acquisition of NYSE Euronext, according to inside sources. They added that ABN Amro and existing advisers on the ICE/NYSE deal, Société Générale and JP Morgan, will serve as world coordinators on the flotation of the combined Paris, Brussels, Lisbon, and Amsterdam exchanges.

ICE elected to float Euronext when it concluded an arrangement with NYSE Euronext in 2012 so as to fund the transaction, facilitate regulatory approval in Europe, and keep the combined group’s concentration on domestic operations.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

ICE 20130821

Don’t Miss: How Many Americans are Saving More for Retirement?