The stock is up
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They spent a lot of time on the earnings call touting the headcount reduction and mentioned how all the layoffs blew up severance expense. Down to 210,000 employees from a starting point of 274k. You can't say they are hiding anything. Expect another 10-15k more cuts to come next year.
Not when they kept referencing the increase in noninterest expensen being “…due to increased severance costs…”.
That is why our gracious leader in corporate risk is moving to 4 day in office. Can’t keep paying severance, needs to drive attrition.
We won't know until the performance review cycle is finishing up.
The earnings are after the stock buyback.
Earned $5.5B, blew $6.1B on company stock. Sounds like losing ground.
No