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

Soros Reports No Stake In Google; Adds JP Morgan, Goldman

By Brett Philbin Of DOW JONES NEWSWIRES NEW YORK -(Dow Jones)- Billionaire investor George Soros's Soros Fund Management LLC reported no stake in Internet giant Google Inc. (GOOG), while reporting new positions in big banks J.P. Morgan Chase & Co. (JPM) and Goldman Sachs Group Inc. (GS). The famed investor also reported a holding in packaged-foods company Sara Lee Corp. (SLE). Previously, the firm had disclosed owning 259,000 shares of Google, which was one of its top positions in terms of market value, as of the end of the fourth quarter. During the first quarter though, Soros appeared to bet on a rebound in financial stocks, reporting 606,400 shares of J.P. Morgan, which were valued at $28 million as of March 31, according to a regulatory filing late Tuesday. Soros also showed stakes of 2.3 million shares in Regions Financial, worth $15 million, and a smaller, 120,000-share position in Goldman Sachs, valued at $14.9 million. Among other financials, Soros reported a reduced stake in Wells Fargo, in which he held 537,000 shares, down from 1.2 million shares in the fourth quarter. Overall, the value of Soros's holdings rose to $6.8 billion, up from $4.6 billion, in the fourth quarter. Soros reported a 40% rise in the number of total holdings to 201 positions, a contrast to his slimmed-down portfolio in the prior period. Soros, who once dubbed gold "the ultimate asset bubble," again juggled his positions in the precious metal, raising his stake in the SPDR Gold Trust (GLD), a gold-backed exchanged-traded fund, to 319,550 shares, up from 48,350 shares as of Dec. 31. The holding is now valued at $51.8 million. In other moves, Soros disclosed a new debt position in Digital River Inc. (DRIV), noting its principal ownership amount was 152 million securities, worth $147 million. Additionally, he reported a new, 7.4 million-share stake in Sara Lee, valued at $159.2 million. The company, which is among Soros's top 10 holdings, plans to spin off its European coffee-and-tea unit into a new, standalone beverage company, whose shares will be listed in Amsterdam. Many investors that manage more than $100 million are required to file 13-Fs disclosures that list their holdings within 45 days of the end of a quarter. The first-quarter deadline was Tuesday. -By Brett Philbin, Dow Jones Newswires; 212-416-2173; brett.philbin@dowjones.com

Stock News for Wells Fargo (WFC)
DateTimeHeadline
04/25/201515:05:02Fidelity Contrafund: Beating the Market the Old-Fashioned Way
04/25/201510:09:02U.S. Bancorp CEO Predicts a "Tsunami" of Economic Activity Before...
04/24/201517:15:00Wells Fargo Advantage Closed-End Funds Declare Monthly Dividends
04/24/201516:22:29Current Report Filing (8-k)
04/24/201513:11:06Statement of Changes in Beneficial Ownership (4)
04/24/201511:02:33Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
04/24/201510:58:52Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
04/24/201510:56:05Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
04/24/201509:00:00New Brand Campaign: Wells Fargo Celebrates Why We Work
04/24/201508:30:24Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
04/23/201518:33:34Justice Department Sues Quicken Loans -- 2nd Update
04/23/201517:27:56Justice Department Sues Quicken Loans -- Update
04/23/201511:28:35Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
04/23/201509:54:52Prospectus Filed Pursuant to Rule 424(b)(2) (424b2)
04/22/201515:36:05Current Report Filing (8-k)
04/22/201513:52:38Statement of Changes in Beneficial Ownership (4)
04/22/201513:43:36Statement of Changes in Beneficial Ownership (4)
04/22/201513:11:02The Biggest Mergers and Acquisitions in Banking
04/22/201510:07:02A Simple Way to Supercharge Your Returns
04/22/201509:13:02How to Invest Money in Banks

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