Looks like WFC is raising the dividend to .40 cents per share and more stock buy backs beginning in July(3rd quarter). Most likely stock is going to hit $65 then $70 after the election. Huge win for Chucky and his exec stooges.
11 replies (most recent on top)
Oh good. I take my dividends every three months and it’s making me great because I don’t play this economy right now.
@1aiu+1tgGdAj4
Yup!!!
Or more.
No matter what people say, whoever stayed (more than 10 years) with Wells Fargo 401k and not making any changes with maximum allowed annual contribution must have reached at Million dollar portfolio and will make more next year.
Why would anyone hold this stiock unless they were locked in with vesting? Could have made a ki-ling in an SP 500 index
lol, WF is decreasing in actual value. It rises slower than the dollar falls in buying power.
Huge win for me with my large position. Breakout is imminent and rise to 80 unless surprisingly bad earnings. - Guy who brought you the 60 dollar call.
@nkr straight out of the private equity playbook.
$46 billion buybacks since Dec 2019, didn’t do squat, it will come back down. One trick Scharff!
Good, that’s when I get my treat! I get my dividends!
The plan is to r*pe and plunder the wealth of the company before the basel 3 deadline in july 2025.
They are already blowing all our profits on buy backs, what are the going to do, start borrowing to pay for them?