How is Chuckie goosing the stock today? Up almost 8% when the markets are only up 2-3%? Something seems fishy…
5 replies (most recent on top)
Major stock buybacks over the years to mask underperformance.
you could Google news search Wells Fargo or wfc. frickin id--t
Wells Fargo actually performed better than the other major banks including JPM and BofA. The bank is prepared in case of up to 10% unemployment rate and they're well positioned with liquidity. No basis hear.
The Fed said the major banks passed the stress test for the poor economic conditions, meaning WF has the greenlight for stock buybacks and better reserve management.
Exit plan may be in motion. He’s cashing out soon.