Friday April 4 stock closed at $60.98. Closed today at $80.49. I have a poster of Charlie hanging in my cubicle with all the $ he has made me. Keep it up Charlie!
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With the stock and dividend price rising and all the consent orders removed, Charlie may be saying goodbye on the high note.....
The WFC should be around $180 per share now if you look at other big banks between 2016 and 2025 as their shares tripled. WFC was around $60 per share pre account scandal.
@a2 - OP here. Kudos on the post. Made me laugh!
@dj The hilarious part is BofA su-ks too. Like their stock hasn't done much since 2008. Lol. Fu---n junk.
These big banks need to be broken up. They just skim money from society.
Over that same period JPM has more than tripled in market cap and even BofA has more than doubled. Whole WF is down even as the post-cap bubble inflates.
As a company WF is worth less than it was a decade ago. And that's nominal, not factoring in inflation at all. The only reason the stock price is"up" is because Hudson Yards has blown all of our profits on stock buy backs to reduce the shares available. The actual total value of the company is down, a lot.
Acting like the CEO swooped in with his golden parachuted cape and saved the stock himself is not indicative to reality. It was bound to happen after the gutting of banking regulators, and them subsequently dropping consent orders and lawsuits. While you think he's some kind of hero he's out there offshoring all our jobs to India, what a real hero.
actually, we closed at 81.49 yesterday and will likely open close to 82 this morning. Also. while our stock rise is in line with many number of index funds, due to our dividends, assuming you reinvest, WFC is cumulatively aot better than vitax
WF is raising the divided from 40 to 45 cents per share.
You "brown nosing" a "Shart"?!? Lol. Doesn't help. You'll be displaced with the rest of us.
@OP if you plot that price on the all-time stock chart, it's right in line with where valuation should be if you put a long-term trend line on the chart.
That means we're back to average. So unless you bottom-ticked the market perfectly in April, you're just cheerleading a return to normalcy.
I fail to see how this is indicative of Charlie being successful at anything other than paying off the current administration to get favorable regulatory relief.
I'll still stick with the Vanguard IT Index fund I use which is up 37% in that same time frame compared to 31% for WF. It also manages to keep my eggs from being too attached to WFs performance.
You do you, tho, bro.
Don't lie, you have it stuck to the ceiling above your bunk-bed and it would light up like a christmas tree if illuminated with a black light.