Thread regarding Wells Fargo & Co. layoffs

Scan the earnings and scan for the word "efficiencies".
"We have maintained strong credit discipline and driven significant operating efficiencies in the company while
investing heavily to build a risk and control environment appropriate for a bank of our size and complexity."
"Noninterest expense decreased slightly as the impact of efficiency initiatives, including lower severance and salaries
expense and a decrease in professional and outside services expense, was largely offset by higher revenue-related
compensation expense predominantly in Wealth and Investment Management and higher technology and equipment
expense"

So they are laying off people at one part of the bank to pay for higher compensation in Wealth and Investment Management. Looks like all the profit is with Wealth Management -- look at Morgan Stanley and JPM numbers.

Buy more look were Visa is Schard did them well and your about to see the fruits of his labor don't miss the boat this is only the beginning

good Times keeps on rollin' ...... till the bottom drops out...

I am optimistic, but I ain't a fool....................

Cheers!

Amazing what inflation and billions in buybacks can do...reach the same nominal share price we already had years ago. Impressive. 😐

Meaning only that it's a good time to sell if you still have stock.

Just about everything’s at a 5-year high. Are we giving out Little League participation trophies or something?

What is it up compared to peer banks and or the market overall?

I am excited and optimistic and pleased, until it drops to 49 on Thursday.

That seems to be the dance, it dances....................

Cheers!

Did anyone actually expect a bunch of losers on this Board to like this post??

I guess we're just supposed to ignore that the more people shart fires the less profits we have. The street has some interesting opinions sometimes. Not that it matters that we have profits, shart will blow every penny on buy backs, just like he has the last 2 years.

Told these cl**ns in January, but they downvoted my comments. Congratulations. L O L

Profits are down, but investors are excited because we didn’t come in as AWFUL as the street was expecting. Yay??

Sell Sell Sell…I did!

Compare 5 years back to Jan ‘20 vs JPM or a financials basket index like Vanguard VFH. WF is up not even 20% while JPM / basket up 50%.

A rising tide can lift all boats, even those with flooding in the bilge.

NO ATTABOY WHATSOEVER IS DESERVED HERE.

Stock price up to them means they are on the right track. Displacements and RTO will not only continue but will likely accelerate.

Stock price is up 45% in past 52 weeks. Scharf is going no where. The board is loving it I’m sure.

sell sell sell!