ADVFN - Advanced Financial Network.
HOME» NYSE » W » WFC Stock Price » WFC Stock News

Wells Fargo Share News

 Wells Fargo & Co. (new) Stock Price
WFC Stock Price
 Wells Fargo & Co. (new) Stock Chart
WFC Stock Chart
 Wells Fargo & Co. (new) Stock News
WFC Stock News
 Wells Fargo & Co. (new) Company Information
WFC Company Information
 Wells Fargo & Co. (new) Stock Trades
WFC Stock Trades

Goldman, Wells Fargo Lead Corp-Bond Issuance Pickup

By Patrick McGee Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Corporate bond issuance finally appears to be picking up, with Goldman Sachs Group (GS) and Wells Fargo & Co. (WFC) tapping the U.S. credit markets Monday. Goldman is selling five-year paper and Wells Fargo is borrowing three-year debt, each with a "benchmark"-size, which means at least $500 million depending on buyer appetite. An investor familiar with the issues said the Goldman deal received $3 billion of orders by 11:15 a.m. EDT. He said pricing guidance is heading towards 295 basis points over Treasurys, while Wells could offer a spread of 130 basis points. Goldman's 3.625% bonds due 2016 traded Friday at a spread of 261 basis points, according to MarketAxess. Wells' 1.25% notes due 2015 traded at an 80 basis point spread. Colgate-Palmolive Co. (CL) is also in the market with a $500 million deal of 10-year notes. According to syndicate desks arranging corporate bond deals, upwards of $20 billion of high-grade debt is expected to be offered this week as U.S. companies exit the earning-related blackout period and focus on capital plans. The last four weeks have seen an average $9.4 billion get sold, down from an average of more than $23 billion in the first-quarter, according to data provider Dealogic. Light supply coupled with strong earnings has allowed corporate bond spreads--the extra yield offered over safe-haven Treasurys--to remain stable recently, according to J.P. Morgan strategists in a weekly research note. But, the strategists noted, fading earnings news, incoming supply, and likely bank downgrades from Moody's Investors Service could keep spreads from tightening. "It appears investors are generally comfortable with their positions and are awaiting more surprising developments than those which have come through recently to push spreads one way or the other," the strategists wrote. They said a neutral outlook "is logical given the valuation and uncertainties on macro issues beyond high-grade credit." Average corporate bond yields are at 3.29%, just 0.02 percentage point from the all-time low reached in early March, according to the Barclays U.S. investment-grade index, which dates to 1973. The spread over Treasurys was 1.87 points on Friday, versus 1.82 in early March. -By Patrick McGee, Dow Jones Newswires; 212-416-2382; patrick.mcgee@dowjones.com

Stock News for Wells Fargo (WFC)
DateTimeHeadline
09/16/201409:44:34U.S. Hot Stocks: Hot Stocks to Watch
08/14/201417:25:28Berkshire Hathaway Continued Investing in Media in Second Quarter
08/06/201417:30:05Wells Fargo Says Litigation Losses Could Be As Much As $1.2 Billion
08/06/201417:19:58Wells Fargo Says Loss Measurement Related to Litigation Could...
08/01/201412:00:47Revel Aims to Secure a Buyer to Prevent Shutdown--Week Ahead
07/18/201418:44:35Rise in Fee-Based Business Helps Boost Broker Productivity
07/17/201408:25:40Wells Fargo CEO: Real Economy Stronger Than People Think -CNBC
07/13/201406:18:25MARKET SNAPSHOT: Tech, Bank Earnings To Test Economic Recovery
07/11/201416:21:05MARKET SNAPSHOT: U.S. Stocks Finish With Small Gains, Trim Weekly...
07/11/201415:12:41MARKET SNAPSHOT: U.S. Stocks Pick Up; Amazon Rallies
07/11/201411:21:46MARKET SNAPSHOT: U.S. Stocks: Genworth, Fastenal Losses Weigh...
07/11/201409:28:55MARKET SNAPSHOT: U.S. Stocks: Futures Rebound; Wells Fargo Meets...
07/11/201408:10:33MARKET SNAPSHOT: U.S. Stocks: Futures Rebound; Wells Fargo Earnings...
07/11/201406:32:36MARKET SNAPSHOT: U.S. Stocks: Futures Rebound Ahead Of Wells...
07/10/201418:45:11A Difficult Quarter Again Seen for Banks
07/10/201417:42:36Morgan Stanley Recruits Brokers From Wells Fargo, Merrill --Street...
07/10/201416:19:11MARKET SNAPSHOT: U.S. Stocks End Lower; Europe Worries Resurface
07/09/201416:17:52Wells Fargo Recruits Brokers From Rival UBS --Street Moves
07/07/201417:15:59MARKET SNAPSHOT: U.S. Stocks End Lower; Biotechs, Internet Stock...
07/07/201412:18:59MARKET SNAPSHOT: U.S. Stock Market Losses Led By Small Companies

Wells Fargo and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad