Thread regarding Wells Fargo & Co. layoffs

Wells Fargo shares jump 3% as bank tops expectations despite boosting loan loss reserves

  • Wells Fargo third-quarter profits were hurt by a decision to boost loan loss reserves.
  • The bank set aside $784 million for credit losses after reducing its provisions by $1.4 billion a year ago.

https://www.cnbc.com/2022/10/14/wells-fargo-wfc-q3-2022-earnings.html

by Anonymous
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Post ID: @OP+1jc8QNx6
Comment! It's anonymous!

4 replies (most recent on top)

3% gain today on a 20% loss since Charlieseption.

by Anonymous
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Post ID: @baw+1jc8QNx6

I'm sure the Bank did something illegal to earn these sums. Cheated some poor b-stard. Just sayin.

by Anonymous
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Post ID: @int+1jc8QNx6

With the layoffs to be carried out in the next few days/weeks, stock price will jump another 3%, just in time to positively affect bonuses of 'you know who'

by Anonymous
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Post ID: @auj+1jc8QNx6

We’re all shaking our p o m p o m s…

by Anonymous
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Post ID: @oad+1jc8QNx6

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