Stocks in the news: Best Buy, Wells Fargo, GE, Goldman Sachs


Well Fargo (WFC) said Monday it has reached an agreement with the government to return the $25 billion in bailout money it received during last year's financial crisis. Repayment of the funds is contingent on a $10.4 billion common stock offering. Shares jumped over 2% in pre-market trading.

Best Buy (BBY) reported third-quarter earnings of 53 cents a share, topping analysts' estimates by 10 cents a share. Sales in the quarter climbed 4.6% from a year ago to $12.02 billion, also exceeding estimates. Looking ahead, Best Buy raised earnings and revenue guidance for 2010 ahead of consensus estimates. But shares fell more than 4.5% before the bell as investors were concerned about the lower margin.