4 Financial Stock Stories to Close Out the Trading Week

Wells Fargo & Co. (NYSE:WFC): Current price $41.14

The Wall Street bank has extended the most credit to United States food and agribusiness than any other, and has now named Neal Crapo to the new post of Eastern Region chief for the firm’s recently-created National Food & Agribusiness Division. Crapo will lead the unit’s expansion in the East, with its headquarters  based in Charlotte. Crapo recently served as senior vice president and regional manager of the Wells Fargo Carlsbad/Desert Regional Commercial Banking Office, and led a team of commercial banking professionals who provide treasury management, loans, and deposit products to middle-market companies and production agriculture/agribusinesses with annual sales surpassing $20 million.

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WFC

Visa (NYSE:V): Current price $180

Visa and MasterCard Incorporated say that payments which use mobile phones will assist Myanmar (formerly Burma) lower the use of cash when wireless networks are launched across that country starting in 2013. The companies emphasized the potential for mobile-phone payments in Myanmar, where the government is poised to grant two new telecommunications licenses at the end of June. “MasterCard’s Southeast Asia chief Matthew Driver said in an interview in Naypyidaw, that “In markets where you don’t have that fixed infrastructure in place, it may well be that mobile acceptance is going to be the way to go There’s a great opportunity to leapfrog.”

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V

Prudential Financial (NYSE:PRU): Current price $71.05

Prudential will conduct a symposium for fixed income analysts and investors in New York on June 18th, beginning at 1:00 p.m. The general public is invited to access a live webcast and presentation materials on the Investor Relations website at www.investor.prudential.com. A replay of the webcast will be made available through July 2nd.

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PRU

Regions Financial Corporation (NYSE:RF): Curent price $9.18

Seventeen nonprofit organizations will be awarded Bank Enterprise Award grants from Regions in support of their financial education endeavors among low-income people, and in economically distressed communities. The bank which earned a Bank Enterprise Award of $126,000 from the United States Department of the Treasury’s Community Development Financial Institutions Fund, and has elected to distribute the money to an array of community organizations which operate in the 16-state area that Regions serves. Recipients were chosen from among the 125 groups that submitted proposals.

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RF

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