Wells Fargo lost 14% of its value in 2 days. Here is why its going to 20 or less

You have an opportunity to sell, and i would highly recommend it.

We gonna visit a 50% or more haircut in the next coming days or weeks.

In every single earnings call Charlie alluded to the idea that the asset cap was going to be lifted - he never came out direct and said it was but he kind of hinted in way he was talking that it would be lifted soon.

Investors bought that line hook and sinker....and the stock was rewarded.

Everyone has high expectations that the asset cap would be lifted in 2021 and Chainsaw was going a superb job in axing staff and getting efficiency ratio down.

This weeks announcement that the feds are done waiting and about to impose stiff fines, break up the bank or who knows - this exposes the BIG LIE.

The price of the stock of this company rose from a more appropriate valuation of 28 bucks a share to nearly 50 in less than a year....all pumped on the HOPIUM that the banks problems were all in the past, a fresh start with a new CEO who was gonna quickly fix everything.

Trouble is - Wells Fargo is a complicated animal. Bullsh!t like paradigm shift, synergies, diversity and whatever doesn't exactly uncomplicate or fix any of the problems.

In prior roles, Chainsaw just sat at the top and fired a few people, but all in all, the enterprise he "led" kinda did ok on its own, no real trouble, no real problem, relatively simple.

Everyone reading this knows - Wells Fargo aint like that...at all.

To fix this boat anchor, you actually gotta get in and understand wtf is actually going on and get yer trousers dirty while you do it.

But chainsaw has never had dirty trousers in his life....and hes not about to start now.

I think his time at this bank is close to an end....the p00 is near the fan, and when the it finally hits, hes not gonna have anyone to blame and he wont have any solutions to the problem.

That and his tenure at any company almost never exceeds 2-3 years, he bails before anything ever catches up to him.

He will run away to go exploit another company cause this one is not only Too Big to Fail, its Too Big to Fix.... and hes WAY out of his league....and he does not want his "brand" tarnished by this giant fkn terd.

Watch and see....

Sell.

Sell early and sell it all - you can thank this board for saving your retirement account from a near certain life of eating catfood out of a can.

Comment! It's anonymous!

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@adn+1cD9Fp6W

Indeed! Unfortunately this lack of financial sense almost appears to be a requirement to get a job here… from the trenches right on up to the Executive suite.

We still heading for 20?

Comment anonimously on WF stock on StockJury.com/WFC

@thx you are the best! Thank you!

Unless you have the discipline to remember to rebalance your 401k, you should outsource it to a vendor like Blooom to handle it for you. The fee is nominal.

https://ptmoney.com/blooom-review/

Dead.
Cat.
Bounce.

Look out below.

SELL!

This may be your last chance!

@thx+1cD9Fp6W, I'm not the OP but bless you, kind internet stranger!

@JFE (RE: empower question)

Navigation:
Account
Investments

On the “Current” tab, click “change my investments” button

Click “Do it myself”

Select “Change how my current balance is invested”

Click continue

The next page is where you’ll make changes. There are 2 tabs to find options, by asset class or by investment option. If you scroll down, the left column lets you indicate what dollar amount or percentage to sell, and the right column is where you enter what you want to buy.

If you enter 100% into the box next to “Wells Fargo ESOP find” it will let you split that up into different investment options, or transfer it all to a single option (like the Nasdaq or S&P index fund… wink wink nudge nudge).

From there it’s pretty intuitive… follow the prompts and try to figure out what got messed up when the website inevitably messes something up, and proceed until you get a confirmation screen/code. Good luck!

I’m the one with the empower question and I wasn’t seeking investment advice. I just want to know how to execute a transaction where I get rid of WF stock so I have the opportunity to buy something better and the new 401k platform does not appear to have a straightforward way to do that.

Wow - some really bad advice and thoughts on this thread. The fact is you should trust nothing you read here as financial investment advice. From what I can tell from the comments most people on this site complain about money and their future, not to mention most do not really understand how business works. So not a source to take advice from.
Get yourself a good Financial Advisor from a solid company and work with them on your plan, not someone else's.

Post ID: @jtw+1cD9Fp6W

Sell it and then the proceeds of the sale will go into a cash account then use that cash to buy something else or just hold it as cash. Pretty much the same with all brokerage accounts although Empower is king of hokey IMO.

Serious question, does anyone know how you rebalance the 401k in the new empower platform? I’ve asked their people and they say they don’t do transactions in the company stock so am I just stuck with it?

If you can't make money with $1.9Trillion in assets, you don't need to grow. The asset cap is a smokescreen, nothing else.

People need to stop focusing on nominal prices because inflation is a monster right now. Get ready for the Zimbabwe 100 trillion dollar bills folks. We're circling the same drain. Just a matter of time and money printing.

Previous post nails it: Charlie S. is an unremarkable CEO.

WF requires an epic turnaround -- and that requires remarkably competent leadership --- (and sorry Conor T, that does not include you or your sugar daddy Charlie)

It wasn't long ago id--ts were telling me i must sell my shares at $21. Perfect example of why people who are focused on price and price alone are who good investors take advantage of.

If the stock was $80 a share it would be like buying Don Parion for $5/bottle. Fools and the greater fools always make me laugh.

Well said OP. In all honesty Charlie is an unremarkable CEO who doesn't really put his stamp on an organization, because he doesn't want to get anywhere close to the weeds. His repeated lack of engagement with employees or presentation of a strategy is not helping and reinforces the issue at hand, he's not cut out for this job.

Any chance the Board will see this as the final straw for Chuckie? Or MN or PD?

TLDR, and all based on something that hasn't happened and leaks from anonymous sources (that are probably buying the dip themselves). I don't own any WFC, so I don't really care, but so far there is scant evidence of much of anything.

Why would you have your entire retirement in WFC stock or any other single stock though?

@vfy+1cD9Fp6W

Aggressive stonk buyback at elevated valuations is called "VALUE DESTRUCTION"

Its like p!ssing money down the drain or using corporate cash to light a campfire.

The data shows that companies buy back more stock during booms and sell them when the market crashes. In this way, they act like panicky and underperforming investors.

When a company’s equity becomes overvalued, its executives have to scramble to try to justify that expensive price. One way to do that is by artificially boosting EPS through share buybacks.

In addition, many companies have executive compensation plans that incentivize excessive share buybacks, either directly or indirectly. Executives can pay themselves with stock instead of cash, buy back shares to offset the dilution, and increase these adjusted metrics without doing anything to improve real operating performance.

Buybacks tend to destroy shareholder value by using capital to buy an overvalued asset. However, that’s only half of the equation. The cost of buybacks don’t just come from the losses on overpriced stock, they also come from the missed opportunities to invest in growth and innovation.

Most investors tend to think of buybacks as a sign of success, proof that the company has plenty of cash to throw around. In reality, they amount to an admission of failure. A company that buys back its stock is signaling to the market that it lacks profitable opportunities for investment.

Charlie started a very aggressive company stock buyback program, worth $18 Billion, which artificially started driving the stock price up. That persuaded FOMO buyers to get in the game, assuming others were in the know regarding the asset cap getting close to being lifted.

I think WFC Leadership should go to jail. That’s the only way we’re going to get a responsible C-Suite who isn’t here just for the money-grab.

It doesn’t matter what he says… Cap will NOT be lifted.

*Insider tip. ;D

Thread regarding Wells Fargo & Co. layoffs

Wells Fargo lost 14% of its value in 2 days. Here is why its going to 20 or less

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