Wells Fargo Offers Sandy Relief and 2 Heavily Traded Shares to Watch
Wells Fargo (NYSE:WFC): Large American banking institutions like Bank of America (NYSE” target=_blank>NYSE:BAC), JPMorgan Chase (NYSE” target=_blank>NYSE:JPM), and Wells Fargo were slammed by customers in recent years as a result of their nickel-and-dime policies like charging for replacement debit cards or mobile phone deposits, which was all enacted after Dodd-Frank regulations came into effect. However, as a result of Hurricane Sandy, many banks have made the decision to waive a many bank fees for customers in areas affected.
Catalysts are critical to discovering winning stocks. Check out our newest CHEAT SHEET stock picks now.
Alpha Natural Resources (NYSE:ANR), which is one of America’s largest coal producers, is scheduled to release its Q3 earnings on Friday, November 2. During Q2, the company’s revenues saw an 11 percent increase year over year as operating losses saw a sharp widening as a result of asset and goodwill impairment charges. The company’s Q3 results are predicted to see effects from pricing pressures in the US thermal coal market and weaker global demand for met coal.
Citigroup (NYSE:C): Ddmap.com, which is China’s largest daily-life information aggregator, claimed that it landed investment from Alibaba Group, which is the top e-commerce provider in the nation, and Citigroup Inc, but they did not disclose financial details. The three parties will work together on the improvement of the site’s services within the next three years, states Ddmap.com CEO Xu Longjiang. “We will capitalize on Alibaba’s Alipay – the most used online billing service in China – and cash in on Citigroup’s credit card users to commercialize our O2O platform,” Xu stated. “In return, our users can be their potential customers.”
Don’t Miss: Treasury: Debt Limit is Looming.