https://www.barrons.com/articles/wells-fargo-earnings-51626266697
9 replies (most recent on top)
The earnings were tepid at best. The company is being rewarded for releasing almost two billion in reserves that are no longer needed for legal and other anticipated issues.
It’s as if you put $100 in a coffee can every week for a few years then when you realize you don’t need to replace your roof and you have $5000 you’ve saved for a few years.
You can do whatever you want with the money (wells will buy back stock - we know they won’t reinvest or invest in our antiquated technology). But this is not earnings or money from growth. And next year you won’t have the same $5000 or more to show growth or a strong strategically executed growth plan.
LOL @ thinking Sloan or Stumpf cared about you either. They were just better politicians at the job.
@ykd. Agreed. Charlie does not care about me. He is bad bad bad.
@eds+1bPT3QIw Chill! Or you will get an heart attack
@ykd+1bPT3QIw. What is your excuse working for Charlie the evil????? Being a hypocrite? Can’t live without him?
Pretty much. It’s clear by now that the Charlie worshippers/Q followers on this board have no real values other than in profit. They will excuse every action by these clowns, but some diversity lip service nobody takes seriously?- that’s their line in the sand. They’ll be cheering for Charlie up until their own pink slip comes in.
“The Capitalists will sell us the rope with which we will hang them."
@kwb+1bPT3QIw. Chill! Or you will get an heart attack
All about the bottom line, F-c% everything and everyone else, right?! You money grubbing, low life.
Charlie haters can’t handle this. Just too much