Dr Stock Pick HOT News & Alerts!

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Tuesday October 27, 2009

DrStockPick.com Stock Report!

TAXS, SCHW, PSFT, DISH, PWRM, MMM, CSRH, WFC, CVAT, JPM, AQNM

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TAXS, TaxMasters Inc., TAXS.OB

TAXS‘ commitment to helping taxpayers in the United States regain compliance with The Internal Revenue Service IRS.

TAXS finalized plans this week to take advantage of the expected surge in sales that begins for the IRS tax relief industry in October and builds through April of the following year. TAXS reported sales for the first six months in 2009 of $18,758,000, an increase of $12,348,000 or 193 percent, over 2008 sales for the same period of $6,410,000. TAXS used this growth

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Wells Fargo & Company (WFC) rendered a $75 million 3-year committed funding facility to Marlin Receivables Corp., an affiliate of Marlin Business Services Corp. (MRLN). Marlin Receivables intends to use the facility fund its growth, with an aim to extend increased flexible equipment financing options to numerous small and medium-sized businesses nationwide.  Marlin Business and Wells Fargo have had similar commitments in the past as well. The continued relation will benefit Marlin as it will bolster its financing base, thereby readily meeting the needs of many small businesses. Wells Fargo is the fourth largest financial services company in the U.S. (in terms of assets) with $1.3 trillion in assets and over $800 million in deposits.  The company provides retail and wholesale banking, mortgage banking, consumer finance, equipment leasing, insurance brokerage, agricultural finance, securities brokerage, trust, investment banking and other financial services through banking stores, the Internet ...

Dr Stock Pick HOT News & Alerts!

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Wednesday October 14, 2009

DrStockPick.com Stock Report!

PFE, PWRM, CSRH, MRK, CVAT, WFC, AQNM, WMT

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PFE, Pfizer Inc.

PFE engages in the discovery, development, manufacture, and marketing of prescription medicines for humans and animals worldwide.

PFE’s s $68 billion purchase of Wyeth will close Thursday after antitrust regulators in the U.S. and Canada cleared the deal.

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PWRM, Power 3 Medical Products Inc, PWRM.OB

Power3 Medical Products, Inc. is a leading bio-medical company engaged in the commercialization of neurodegenerative disease and cancer biomarkers, pathways, and mechanisms of diseases through the development of diagnostic tests and drug targets. Power3’s patent-pending technologies are being used to develop screening

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Citigroup Inc. (C) is planning a strategic shift in its investment advisory business by bringing qualified advisors from Citibank branches to provide fee-only investment advisory services instead of commission-based transactions.  The new strategy will give clients who want wealth management services through Citibank branches the option of working with Citi's own financial advisers, or of choosing external independent advisers with whom Citi will begin to form relationships, and who will pay Citi a referral fee.  Citigroup has a relatively small branch network and is starting off with a small brokerage. Citigroup is starting the business with 600 advisers who sit in 1,000 Citibank branches in the United States . Citi plans to eliminate all commission-based compensation by 2011.  The changes are expected to be implemented next year. Apart from providing clients with more transparency, a smaller risk of conflicts of interest and wider geographical footprint, ...

Ken Lewis, Chief Executive Officer and President of Bank of America Corporation (BAC), announced that he has notified the Board of Directors of his decision to retire, effective December 31, 2009. The Board will continue ongoing planning to ensure his successor is selected by that date. Lewis will retire both as CEO and as a director. On Aug. 3, 2009, Lewis, 62, had initiated changes to his executive management committee that increased the depth, expertise and diversity of experience of Bank of America's leadership team. Lewis had targeted these changes to position a number of senior executives to compete to succeed him at the appropriate time. Lewis' decision to retire adds to the uncertainty for a company that has been under attack by regulators and lawmakers since its controversial purchase of Merrill Lynch a little more than a year ago. The lack of a ...

Ken Lewis, Chief Executive Officer and President of Bank of America Corporation (BAC), announced that he has notified the Board of Directors of his decision to retire, effective December 31, 2009. The Board will continue ongoing planning to ensure his successor is selected by that date. Lewis will retire both as CEO and as a director. On Aug. 3, 2009, Lewis, 62, had initiated changes to his executive management committee that increased the depth, expertise and diversity of experience of Bank of America's leadership team. Lewis had targeted these changes to position a number of senior executives to compete to succeed him at the appropriate time. Lewis' decision to retire adds to the uncertainty for a company that has been under attack by regulators and lawmakers since its controversial purchase of Merrill Lynch a little more than a year ago. The lack of a ...

SAN FRANCISCO - September 25, 2009 - Wells Fargo Company (NYSE:WFC) announced today that it ranks number one among banks and insurance companies - and thirteenth overall - in Newsweek magazine's inaugural Green Rankings of the country's 500-largest companies.

Wells Fargo & Company (WFC) announced the expansion of its money transfer program to the Internet, making it easier for customers to send money to family members living in Mexico, India and other South Asian countries.  The ExpressSend remittance service was introduced in 2007 at the bank's branches and over the phone.  The transferred money can be collected from the branches of specified overseas banks and at their automated teller machines. Customers using the service online will continue to receive detailed information on how and where the money is being sent including the associated fee, the foreign exchange rate and the foreign exchange margin. The margin is the estimated revenue the bank earns on the conversion.  Wells Fargo said transaction fees will be discounted or even waived for customers sending money from eligible Wells Fargo checking and savings accounts. Money through the new service will ...

Wells Fargo & Company (WFC) and Bank of America Corporation (BAC) showed impressive improvements in their loan-modification rates in August 2009 after experiencing poor rates in July 2009.  However, both Wells Fargo and Bank of America still remain way behind their competitors such as JP Morgan Chase & Co. (JPM), but both have ramped up refinancing efforts significantly.  Wells loan-modification rates increased 64%, completing 33,172 modifications under the Home Affordable Modification Program (HAMP) by the end of August. On the other hand, Bank of America more than doubled its loan-modification rates, completing 59,891 modifications. HAMP is a Government-sponsored program that aims at helping people who can no longer afford to make their monthly mortgage payments.  Wells Fargo expects to exceed its goal under the program, which is about 60,000 modifications. The company has modified 251,244 home loans using its own programs, bringing the ...

After years of quietly building what has become the largest renewable energy business in the nation, FPL Group, Inc. (NYSE:FPL) has established itself as one of the nation’s cleanest electric power providers. More than anything else, this defines the company’s commitment to sustainable business practices.

FPL Group, Inc. (NYSE: FPL) is a leading clean energy company with 2008 revenues of more than $16 billion, approximately 39,000 megawatts of generating capacity, and more than 15,000 employees in 27 states and Canada. Headquartered in Juno Beach, Fla., FPL Group’s principal subsidiaries are NextEra Energy Resources, LLC, the largest generator in North America of renewable energy from the wind and sun, and Florida Power & Light Company, which serves 4.5 million customer accounts in Florida and is one of the largest rate-regulated electric utilities in the country.

Wells Fargo & Company (NYSE:WFC) said today that through August 2009 it has completed 33,172 trial and final

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