$60 by end of March.
And followed by another mega layoffs.
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@OP
You are so full of shxt. Target price range runs to about $110, with $99 being most agreed-upon landing.
Biggest risk to Wells right now is collapse of Brit mortgage company.
$35 would be a good price to buy again.
Wells Fargo is full of JPM castoffs ... and anyone on the inside of Wells Fargo knows how that is going.
@dm, is this what you mean? " Wells Fargo Advisors has recruited the Weikes Slattery Group from J.P. Morgan Securities , where the team managed $3.1 billion in client assets. The practice, led by Liz Weikes and John Slattery , joined Wells Fargo on Thursday." I wonder how much this cost the bank? Why did JPM give them up?
@cz good thing they are ramping up CIB, CB and WM then
$60? Definitely in the 70s. Remember WFC is a big bank. I have said for the past 2 months the stock will hit the 70's before hitting the 90's again. But the 60's ... not so sure. War might be good for big banks. Main thing is how good will CS might be at selling AI progress at the bank. We might hear of the Wells Fargo skunkworks coming out of their Columbus den. The next earnings will be key. Credit cards aren't cutting it. Bill paying, consumer credit it not cutting it. Look at AFRM, AXP, COF, ALLY.KRE.