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3M Company Enjoys a Solid Day

Posted Mar 30th 2010 4:40PM by Mark Fightmaster (RSS feed)
Filed under: 3M Corporation (MMM)

3M Company (MMM) benefited from a comment from brokerage Morgan Stanley. The brokerage house believes that 3M will rally after an optimistic forecast from Danaher (DHR), which operates in many of the same markets as 3M. The broker believes that the stock will enjoy a nice 30-day run thanks to DHR's forecast.

The thing is, if the stock continues the performance it started in early 2009 -- we shouldn't need a brokerage to tell us that the stock will do well during the next 30 days. Shares of 3M have advanced along the double-barreled support of its 10- and 20-month trendlines. The last time the equity finished a week below both of these trendlines was more than a year ago.

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How much would Wells Fargo need to pay off TARP like Bank of America?

Posted Dec 3rd 2009 12:00PM by Mark Fightmaster (RSS feed)
Filed under: Bank of America (BAC), Wells Fargo (WFC)

It seems that the TARP-related news from Bank of America (BAC) Thursday morning has many thinking about how much capital other banks will need to raise in order to pay back taxpayers.

One of those banks that some have speculated about is Wells Fargo (WFC). According to Keefe, Bruyette & Woods (KBW), Wells Fargo may need to raise as much as $34 billion in new capital in order to repay TARP. Fortunately for Wells Fargo, KBW believes that the companies strong pre-provision and pre-tax earnings will help limit how much capital Wells Fargowould have to raise.

Continue reading How much would Wells Fargo need to pay off TARP like Bank of America?