Thread regarding Wells Fargo & Co. layoffs

Stock price

While the current direction of WFC has more to do with economic factors I'm glad I sold a bunch when it was in the 80s.

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Post ID: @OP+1jnrgytak

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@ag+1jnrgytak

Until budgets are passed etc., it's still largely Bidenomics. Presidents can do a few things with EOs and the like, but that's a very small oar on a $28T ship.

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Post ID: @rd+1jnrgytak

Just a few days ago, I never thought the stock would be in the 60s before hitting the 80s again. Going into a recession, banks are not good places to be employed in -- especially in an uncertain environment.

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Post ID: @db+1jnrgytak

Ill buy when wells hits 25

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Post ID: @c4+1jnrgytak

it’s pretty crazy hold a lot of stock at a company you work at. Especially given the fact that people are getting laid off. Getting laid off and having a huge price drop in the stock is a double whammy.

Investing $10,000 in Wells Fargo stock (WFC) on January 3, 2000, would have purchased approximately 695.65 shares at the adjusted closing price of $14.38 per share. 

As of March 7, 2025, with WFC trading at $71.05 per share, these shares would be worth approximately $49,406.

In contrast, a $10,000 investment in the Vanguard 500 Index Fund (VFINX) on January 3, 2000, would have grown to approximately $65,000 by March 7, 2025, assuming dividends were reinvested.

Therefore, over this 25-year period, the investment in the Vanguard 500 Index Fund would have outperformed the investment in Wells Fargo stock.

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Post ID: @c3+1jnrgytak

only one month of cheeto and here we are… so much for making amerikka gr8 again! FDT

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Post ID: @ag+1jnrgytak

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