There have long been rumors surrounding Lloyds as a potential bid target. Wells Fargo has a large part of its business in the retail banking arena so to take over someone like Lloyds would make a lot of sense.
More Quotes from Angus Campbell:
The main focus will be on what they have to say about how 'higher energy and other costs have the potential to add to inflation pressures'.Angus Campbell
Cisco has provided a little relief posting better than expected results after the close and we could see a bounce today.
Angus Campbell
Now market participants are saying that investors should expect range bound trading to continue into next week when the Fed makes its interest rate decision.
Angus Campbell
Considering that NYMEX crude rose yesterday on speculation that demand for oil will grow next year, an increase in stocks will be required to cool off what looks like the beginning of a little rally in oil prices,
Angus Campbell
Anything higher here could confirm investors' fears that the Fed's interest rate tightening is far from over and is set to continue well into 2006.
Angus Campbell
With higher gasoline prices putting a dent in consumer spending and underlying inflation looking to be contained, further interest rate hikes seem unnecessary.
Angus Campbell
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