Wells Fargo Profit Spikes and 4 Heavily Traded Shares to Watch
Bank of America Corporation (NYSE:BAC): Current price $11.60
Bank of America has named Larry Otto, a longtime leader in its wealth management division, to head its local operations and grow customer relationships in Missouri. Otto was appointed president of the Missouri operations in August, assuming the high profile role formerly held by Patricia Mercurio.
Nokia Corporation (NYSE:NOK): Current price $4.72
The stronger-than-anticipated quarterly numbers of Nokia indicate the company now has some room to pause, along with better options to aid it in clawing back a place alongside Samsung and Apple in the smartphone market. The firm, whose fall from market leader to loss leader was so horrific that its chief executive said in 2010 that it was on a “burning platform”, might now even be in a position to list or sell its Nokia Siemens Networks division at a premium, rather than having to auction the assets cheaply, as had been feared.
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Wells Fargo & Company (NYSE:WFC): Current price $35.00
On Friday, Wells Fargo posted $5.1 billion in profit for the fourth quarter, marking a 24-percent jump that was driven by the bank’s lucrative mortgage unit. Exploiting the low-interest rates that have ignited a spate of refinancing activity, the bank again notched record profits. Profits at the bank have risen for the past 12 quarters.
Research In Motion Limited (NASDAQ:RIMM): Current price $13.48
In a Friday announcement, it was reveled that Chief Executive Thorsten Heins of RIM has been selected as Cantech Letter’s 2012 Executive Of The Year. Cantech is an online magazine that features Canadian listed tech stocks.