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Tuesday 18 August 2015
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Momentum Stocks in Focus: Wells Fargo & Co (NYSE:WFC), Comcast Corporation (NASDAQ:CMCSK), Altisource Residential Corp (NYSE:RESI)

On Monday, Shares of Wells Fargo & Co (NYSE:WFC), gain 0.01% to $57.33.

Wells Fargo & Co, declare its third quarter 2015 earnings on Wednesday, October 14, 2015, at 5 a.m. PDT (8 a.m. EDT).

The Company will host a live conference call on Wednesday, October 14, at 7 a.m. PDT (10 a.m. EDT).

Wells Fargo & Company provides retail, commercial, and corporate banking services to individuals, businesses, and institutions. Its Community Banking segment offers checking, savings, market rate, individual retirement, and health savings accounts, in addition to time deposits and remittances; and lines of credit, auto floor plan lines, equity lines and loans, equipment and transportation loans, education and residential mortgage loans, and debit and credit cards.

Shares of Comcast Corporation (NASDAQ:CMCSK), inclined 1.95% to $60.79, during its last trading session.

On Wednesday, September 9, 2015, Stephen B. Burke, Chief Executive Officer of NBCUniversal and Senior Executive Vice President of Comcast Corporation (NASDAQ: CMCSA, CMCSK), will take part in the Bank of America Merrill Lynch 2015 Media, Communications & Entertainment Conference in Beverly Hills, CA.

Comcast Corporation operates as a media and technology company worldwide. It operates through Cable Communications, Cable Networks, Broadcast Television, Filmed Entertainment, and Theme Parks segments. The Cable Communications segment offers video, high-speed Internet, and voice services to residential and business customers under the XFINITY brand name.

Finally, Altisource Residential Corp (NYSE:RESI), ended its last trade with 2.29% gain, and closed at $15.64.

Altisource Residential Corp, stated that its Board of Directors has authorized a stock repurchase program under which the Company may repurchase shares of its common stock for an aggregate purchase price not to exceed $100 million.

“Residential continues to implement its business model, counting all opportunities for asset acquisitions that benefit the Company,” stated Chief Executive Officer George Ellison. “These opportunities will comprise purchasing non-performing loan portfolios, bulk acquisitions of single-family rental properties, purchasing rental properties on a one-by-one basis and repurchasing our stock at prices that we believe are in the best interests of the Company and our stockholders.”

Altisource Residential Corporation, through its partner, Altisource Residential, L.P., focuses on acquiring, owning, and managing single-family rental properties in the United States. It acquires its single-family rental properties primarily through the acquisition of sub-performing and non-performing loan portfolios.

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Information contained in this article contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long term; pricing pressures; etc.

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