I was scrolling through the posts from the last few days and saw this stray comment hidden in a thread in reference to the $30 Billion Stock Buyback.
“would be a much better investment to buy $30B in JPM stock. Pretty much zero chance WFC outperforms JPM, especially with the JPM rejects running WF into the ground.”
It would be fun to see this joke/sentiment gain traction throughout the bank.
Charlie’s Townhall: Q. Could we start getting our 401K match in JPM stock??
Follow- up Q: Could our bonuses be paid out in JPM stock options?
Analyst at next earnings call: Q: Wouldn’t it be a better investment to buy $30 Billion in JPM stock?
Wells shareholder meeting: Q: Could we get our dividends in JPM stock? Better yet - is there a way we can trade in 4 shares of WFC for 1 share JPM? Yes yes - we do realize it would be an initial loss, but long term…
Kudos to whoever wrote this.