Why does WFC always underperform the market so significantly? Major indices are down 1-2% and WFC is down 5.5%! What gives?
9 replies (most recent on top)
Because it’s a sh---y company.
Here comes another intelligent post
Which indices was WF lagging when it went up 61% last year? Good grief.
RTO
The answer is: beta.
Must have forgotten all those days when the market was up 1-2% and WFC was at 8+%?
If you are going to troll at least try and do it intelligently
Cherry picking I see. C, BAC, MS, JPM, UBS, CS, DB all down 4-13%. The XLF is down almost 4%
Try to find something else to fit your narrative
All financial institutions are down about the same. Russia sanctions are expected to affect the finance sector more than the general market.