Predictions?
Stock up 4%
Stock down 4%
Stock stays unchanged.
15 replies (most recent on top)
It will probably go up to $63 by next week. The results are actually better than they look. The have outperformed on Net Income which is the most important metric. Also exceeded on Revenue and EPS. Good opportunity to buy now and sell at $70.
Offshoring jobs just doesn’t cut it. CS is a selfish mo--n, while he and his friends get paid millions, WFC sinks further and good employees that built the business are replaced by workers from India & the Philippines.
good buying opportunity for the execs
Junk stock. You like to buy trash?
Working here now reminds me of working at Sears in the 90's. Just keep cutting and closing. We all knew then that the senior management was never going to turn that ship around. Eerily similar here at Wells. I really don't know why the BoD does not see that.
I like how they refer to the layoff expenses as efficiency initiatives.
You mean following the herd, replacing people that care with those that don't, wasting money on admin buildings like it's the 90s, neverending downsizing for fake reasons, and raiding the company coffers to make the occupants of the ivory tower rich doesn't result in industry-leading performance?
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Let us admit. There are two zombie banks in the nation: WFC - making some money and has no purpose. Citi- making no money and has no purpose. Both need to be broken up.
@pjy buy on the rumor sell on the fact
NII down. I guess Charlie and his crew are not attracting enough deposits. Will probably blame the asset cap.
There you have it. Down 5%. Profit down. Guess not enough cutting.
It will be another news about needing to import more highly skilled H1B from India and China.
Who even cares anymore.
WFC to report huge earnings tomorrow.
Typically, the stock rises in the runup to the earnings report, then drops like a rock afterwards........
not holding my breath.................