Why don’t we end their misery and release the melonticatic investment to build CIB.
7 replies (most recent on top)
Charlie won't let it go. WIM gives Wells prestige. That is why so many of the WIM "advisors" talk on CNBC. @1ulm+1t1lrU2x gave a good summary of the costs. When you include the acquisition costs the efficiency is even worse. WIM is quickly becoming a "revolving door".
Spin off the brokerage to JPM and break up the bank. Charlie is unimaginative and useless. So much for his Hopkins education.
@osg+1t1lrU2x From 2023, WIM is about:
10% of the net income (last among 4 business groups),
18% of revenue (2nd to last),
22% of non-interest expenses (2nd highest), and
Last in efficiency ratio by a huge margin
Well, WIM does about 20% of the business for WFC.
I had to Google "melonticatic" and even they don't know what the heck you are talking about.
Bet you don't even know what WIM is or does. LOL
I’m sure someone from WIM would defend this if they weren’t so busy watching their mouse jiggler to make sure it’s working still.