Banking News: Bank of America Corp (BAC) Analyst Favorite, JPMorgan Chase & Co. (JPM) & Wells Fargo & Co (WFC)’s Legal Challenges

Wells Fargo in Northfield donation benefits Rice County Habitat for Humanity (SouthernMinn)
Wells Fargo & Co (NYSE:WFC) in Northfield recently presented a check to the Rice County Habitat for Humanity to help build a home for a local family. The local branch made the $15,000 donation on July 26 to help with the 2013 Dundas build, located at the 200 block of Spring Wheat Drive. The project’s groundbreaking took place on May 21. Plans for completion are set for early October. The Rice County Habitat for Humanity office is located in Lonsdale.

What Does Billionaire Ken Fisher See In Bank of America Corp (BAC)? (InsiderMonkey)
With the first several weeks of a quarter, hedge funds and other major investors such as billionaire Ken Fisher’s Fisher Asset Management are required to publish 13F filings revealing many of their holdings as of the end of the previous quarter. Fisher’s firm has done its homework early and already released its positions for the end of June. We maintain a database of quarterly filings as part of our work researching investment strategies (for example, we have found that the most popular small cap stocks among hedge funds generate an average excess return of 18 percentage points per year) and can see from comparing Fisher’s most recent filing to its previous one that the fund moved heavily into Bank of America Corp (NYSE:BAC) during Q2…

Wells Fargo Celebrates Opening of New Dacula Branch (Patch)
Wells Fargo & Co (NYSE:WFC) bank has expanded its operations in the metro Atlanta area by opening two new branches in Gwinnett, adding to the 32 existing stores already in the county. One is located at 505 Dacula Road in Dacula and the other is in Lawrenceville at 1475 Buford Drive. Both are inside Kroger stores and operate between the hours of 10 a.m. and 7 p.m. on weekdays and 10 a.m. and 3 p.m. on Saturdays. A third store also recently opened in Newnan.