The location strategy layoffs tied to RTO is ramping up. August 20th is dday. Expect few hundreds to be slashed. You will thank me later.
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As we go into a recession people won't deposit as much money as before. As the fed is persuaded to lower interest rates there is less net interest margin income for the banks. Expect the stock will see the 30's before ever seeing 60 again.
When I first joined about 10 years ago, stock was around $40, hit later hit $56 spring time a year later. Ten years later, around $60
JPM was around $56 10 years ago, it was above $200 before the big sell off across the market! LOL
Glad I never bought WFC!!
...and down to $53. We'll see what the final data shows but I wouldn't be surprised if we find out that buy backs have slowed recently.
There is little doubt they are executing pump (share price) and dump (shares owned) strategy. Modus operandi of corporate raiders. Aside from profit motive, all other concerns are immaterial.
Stock is $56. What you're missing is that a huge % of the shares purchased in the last couple years have been WF purchasing shares with buybacks. Demand and prices would crater without this 'support'. They are literally throwing away all of our profits on buybacks and in spite of that the company is worth less than it was just a few years ago. Over time, eventually inflation drags the nominal share price up, that's not a sign of strong exec performance, at all.
@kht+1tNcWknl slashing jobs has very little to do with the stock price. Your ignorance shines, most likely you're in management at WF.
I got to know that my name was added under a candidate pool. Praying, I surivive
Thank you? From the looks of the stock price over the past 52 weeks all of the shareholders should be thanking the CEO. The range of the 52-Week High (62.55) / Low (38.39) is more than enough to keep them all laughing all the way to the bank. The current price (59.34) will only go higher as this CEO continues to shed more and more jobs. This is his specialty and is exactly why he was brought in.
Keeping shareholders and BOD's happy is the pathway to success and this CEO proves it day in and day out, sad to say.