Money-center bank Wells Fargo (WFC) will report second quarter fiscal 2022 earnings results before the opening bell Friday. And investors are hoping the bank can produce results that reverse the recent decline in the stock.
https://www.nasdaq.com/articles/wells-fargo-wfc-q2-earnings%3A-what-to-expect
Wells Fargo stock is garbage. I should have dumped it all in January or December of last year. Next time that $hit hits $60 - which might happen when the asset cap is lifted - I am dumping this $hit.
Layoffs are occurring now
Up almost 4% after earnings announcement…
No one mentions the COVID relief was not for stock buybacks…but it wasn’t.
Shows you how much it was truly needed. Corporations and their lobbyists are gaming the system and the American public foot the bill with both their taxes and livelihood.
just likenl chase earning will be down and they will suspend buybacks.
None of the banks will be good this quarter
place will clean up