Money well spent
16 replies (most recent on top)
Let's give credit to Charlie when it is due and well deserved. The man has done exceptionally well so far.
Mind you he is yet to live up to his nickname "chainsaw". He has been cutting with a plastic kn--e so far, just imagine when he starts using the chainsaw!
As far as I am concerned, Charlie boy is da man! 😎
I heard tech is affected
inflation drives stock too
I especially liked the part about helping the employees by raising the minimum wage. Nothing about layoffs or everyone else. 😂
Another example of the tone deaf management.
If you listen to the earnings call, you need to wear hip boots for all the bovine ex------t being regurgitated.
Here's some free advice:
Buy low, sell high.
WF made $20 Billion profit revenue quarter with an Asset Cap. WF used to trade at $65 a few years ago making around same revenue as now. I think this stock is extremely undervalued. Once cap comes off it will
Sky rocket to at least $70 or over imo.
Excellent job everybody! Leadership might not give you the credit you deserve, but you’re the ones in the weeds every day getting it done.
Bankers and FAs are taking care of the clients, back office is processing the paperwork, research analysts are making investment recommendations, call center employees keeping customers happy (not a fun job), traders processing the trades, admins keeping it organized, tech ensuring it all runs smoothly, and many more attending to the everyday details.
Cheers to you, and thank you for your good work.
Sell in to the strength.
This is what our executives have always done. You don’t have to sell all your shares, but take advantage of this opportunity.
It's a good report. Almost $900M was from reserve releases, but still, good performance. This company, with very little additional work can print ,$5-6B every quarter. All we need to do is get more efficient, get the damn cap lifted, and we'll be in a good place.
Hopefully this translates into at least SOME discretionary 401k contrib this year.
Revenue back over the 20B mark which is the big story. Been years since that last happened. Money making machine. Time for that to pass onto our bonus
and let's not forget the 16K employee reduction in 2021
Charle's still a sociopath.
Charlie is starting to make a difference and turn this titanic around.
I give him a B+
He can get an A if he does a better job reducing expenses. Headcount still way too high
I sold. Now I know why they went to yearly match. To drive up the share price. WFC is not APPL MSFT or even and AME
It was a nice quarter and we picked up $10 per share from the company match from 2 weeks ago. Time to sell off a few shares and lock in that profit.