Archive by Author

Wells Fargo Stores Mortgage Revenue Ahead of Refinancing Boom’s End

Wells Fargo has been a big winner in the mortgage market lately, but the decision to forego third-quarter profits on home loans shows the bank knows the party won’t last. The country’s largest mortgage banker kept $9.8 billion worth of new conforming mortgages on its books this past quarter rather than selling them to investors. […]

Continue Reading

Black Friday Retail Stock Gains Sputter

Black Friday is one of the most important shopping days of the year for retailers. But investors weren’t bowled over by the weekend’s sales. Stocks for many major retailers got a boost during shortened trading on Friday, but by Monday, most had pared their gains. Walmart was a big winner on Black Friday. The retailer […]

Continue Reading

Why Short Sellers Were Wrong About Yelp

It was no surprise that traders bet against Yelp, Inc. in the days before the company released 52 million shares of stock. Just two weeks earlier, Facebook, Inc. stock fell to a record low as insiders dumped shares after the company’s first lockup period expired. Other tech companies like Groupon, Inc. and Angie’s List, Inc. […]

Continue Reading