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Wells Fargo & Company (NYSE:WFC) planned to host free of charge Home Preservation Workshop in Sacramento for Wells Fargo Home Mortgage, Wells Fargo Financial, Wachovia Mortgage and Wells Fargo Home Equity customers who are facing financial problems.

The U.S. stocks bolted higher on the back of surprisingly cheerful jobs report which activated a chain reaction by raising the buying interest that further pushed both the Dow Jones and S&P 500 to multi-month highs, while the NASDAQ Composite hit its greatest level in more than a decade.

European markets have pulled back this morning as hopes begin to fade over the rescue package. Earnings from Wells Fargo and Citigroup today proved to be a bit lackluster.

Worries over the payroll reversed gains from yesterday's positive manufacturing reports within the energy sector. Natural gas got a boost on several Wells Fargo upgrades.

Financial institutions seem to reach certain lows at which the bevy of evidence against them can be forgiven and transform them into buys. Bank of America seems to have amounted such a large supply of negatives that this level may have disappeared.

Morgan Stanley's pessimistic note on the state of the global economy and the likelihood of a double dip sent shares of stocks across the financial sector into a hole today. The debt in Europe and weak U.S. home sales have been inescapable negative drivers for the sector.