Jim Cramer Says 2025 Will Be ‘Fantastic’ For Wells Fargo & Co (WFC)
https://www.insidermonkey.com/blog/jim-cramer-says-2025-will-be-fantastic-for-wells-fargo-co-wfc-1412649/
10 replies (most recent on top)
It is sickening what the retail investor consumes off of the cartoon network.
Cramer is a hack with a long record of bad calls. He’s also the one who let Stumpf on air to lie about the fake accounts and kissed his but the entire interview with no tough questions.
Cramer can’t pick his nose
Enough suitcases of cash have been dropped off, the cap will probably get lifted. I agree with the previous poster though, it's mostly been priced in already. Sure, there will be a blip, but it'll settle back down. The facts remain unchanged. The workforce is being gutted, morale is in the tank, the headcount reduction has not reduced costs and "leadership" refuses to do anything that really will cut costs. WF will continue to muddle along. We'll make money, but no real growth, no vision at the top, and slowly but surely abandoning / selling off businesses. Someday mortgage wraps up, and retail, and in the remaining areas we operate in we don't really have a competitive advantage vs anyone. Maybe I'm wrong and booming growth is in our future. I hope so. I can guarantee it won't happen with Shart as CEO though.
It’s definitely impacting CSBB, specifically our product suite. Asset cap lift will be good for our customers, employees, and the American economy itself. Bad news for lizard though.
It’s always the inverse of what he says, so that means it will be “terrible" for Wells Fargo and that he would be a seller.
Good chance the cap is lifted. However, I think it's all priced in already. The asset cap is really only impacting CIB and maybe commercial bank. CSBB isn't impacted. WIM isn't impacted either.
I think the asset cap gets lifted, the stress test rules get reduced and everyone will buy,buy,buy the stock. HY/CS will continue to wage war on employees. Resources will increasingly be directed towards building and maintaining wealth management. More people will start burning out. There will be a churn in the offshored employees -- hiring a higher level maybe Irish/East Europe. They will employ AI to fix the offshore quality problem. On the US side you want know what is happening -- you will just get a bunch of queries about how the service domains are composed and supposed to connect. They will assimilate your SME into their rewiring the enterprise. After the agile debacle I don't think they will do this on the US side....
If you want advice from Cramer, read his books. The TV show is entertainment only.
I think if the asset cap gets lifted, so too will the stock. I also think this war they are waging on their employees will have some knock-on effects that could lead to more regulatory issues. Nothing about this place feels healthy or thriving.