4 Financial Stock Stories Making Tidings On Tuesday

Wells Fargo & Co. (NYSE:WFC): Current price $41.22

The new Southern California Commercial Banking Division One is one the largest commercial banking organizations in the United States, with over 200 team members and 14 locations in five Southern California counties. The Division is ready to boost Wells Fargo’s business from Santa Barbara to San Diego. The 25-year banking veteran Wells Fargo Executive Vice President John P. Manning, in his new role, oversees Wells Fargo Commercial Banking in Los Angeles, Orange, San Diego, Santa Barbara, and Ventura Counties, which is a territory in which more middle market businesses cluster than in any other U.S. region.

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WFC

Goldman Sachs Group (NYSE:GS) Current price $150.62

Goldman Sachs said Tuesday that it has terminated its general guarantee, dated November 24, 2008, of its subsidiary, Goldman Sachs Ireland Finance Limited, formerly known as Goldman Sachs Bank (Europe) PLC. The termination became effective July  10.

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GS

The Toronto-Dominion Bank (NYSE:TD): Current price $80.12

It was announced on Tuesday that Group President and Chief Executive Ed Clark will enact an automatic plan to exercise as many as 497,836 options for TD common shares. These options were granted to Clark in December 2007 and 2008, as part of his performance-based compensation, and are due to expire in December 2014 and 2015. Clark intends to donate to charity a portion of the shares he purchases through the option exercises under the plan, and to hold all of the remainder, net only of the number of shares required to generate cash sufficient to cover exercise costs and taxes.

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TD

JPMorgan Chase & Co. (NYSE:JPM): Current price $52.69

Jeff Frase, JPMorgan’s chief of global oil trading, is exiting the bank to run Noble Group’s oil unit, according to the industry website SparkSpread.com report on Tuesday, which also said that Frase’s departure following nearly five years at one of Wall Street’s biggest commodity players was announced to JPMorgan staff Tuesday morning, citing an unnamed source. Frase’s exit marks one of the most senior departures since the bank expanded with the acquisition of the former Sempra Commodities energy and metals businesses.

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JPM

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