Boston, MA 01/30/2014 (wallstreetpr) – Freescale Semiconductor Ltd (NYSE:FSL) excited investors with its beating Q4 and Q1 guidance. The company reported generating sales of $1.08 billion or $0.45 per share. That compares with 41.05 billion and $0.18 per share that Wall Street expected to see. Further, Freescale Semiconductor Ltd (NYSE:FSL) projects that sales in the current quarter will come between $1.07 and 1.11 billion, whereas analysts expected to see sales of $1.03 billion. Yet of importance to mention is that the company’s gross margin is expected to take a boost of up to 75 basis points over the previous quarter. In light of this encouraging news, investors helped the stock up almost 15 percent Wednesday.
Wells Fargo & Co (NYSE:WFC): From the perspective of making great returns on investment and returning great value to shareholders, and also the fact that WFC is arguably the best run big lender in the U.S. banking industry, the stock seems to offer attractive long-term prospects. There is no secret that the stock has soared significantly over the past 12 months, nonetheless, there is still more room for further rise of the stock. What this means is that patient investors have their case taken care of by WFC as one of the attractive bets among the top four big U.S. lenders. That Wells Fargo & Co (NYSE:WFC)’s management can be relied upon for excellent results can be seen in the manner in which the company managed to post record profits in Q4 at a time when its main business – mortgage origination – is troubled.
Morgan Stanley (NYSE:MS) and Mitsubishi UFJ Financial Group Inc are reportedly considering forming a partnership to enable them serve hedge funds, a source close to the two banks disclosed Wednesday. MUFG purchased a fund-serving business in 2013 and the company has been examining collaboration opportunities with MS which already deals with a lot of Big Money. The collaboration will involve providing administrative services to hedge funds. Perhaps investors should recall that MUFG owns about 22 percent stake in Morgan Stanley (NYSE:MS) having helped the bank through a $9 billion lifeline at the height of the financial crisis. The two companies have several partnership arrangements which have existed since 2010.
