Thread regarding Wells Fargo & Co. layoffs

JP isn't under an asset cap brought about by sc--wing their customers. No asset growth means no stock growth. If we get out from under that we'll see the stock start climbing again

@1yhr+1qNs5no3
I loaded up on JPM during Covid at $95. Backed up the truck on a lot of stuff then.

Tough to see why anyone would invest in WFC right now. You can find a similar dividend and price appreciation in a lot of other companies.

However, JPM could be an anomaly. It's not like BAC and C have been ki-ling it either.

@1yhr+1qNs5no3 , nailed it!

And it's not too late if you're a long-term investor and want to add a big-box finance cohort to your portfolio.

If you're looking for a high quality company with a management team you respect, who's more compelling, JPM or WFC? Does that change when considering historical or current stock price?

I've been shocked lately by colleagues who volunteer that they tie up their retirements almost exclusively in the stock of a company that they no longer respect or even despise, led by a buffoon and his fools they respect even less. Some kind of weird mix of trading/inertia/laziness/blind hope/stockholm syndrome I guess

"Stock performance under Charlie vs. stock performance under Jamie"

Hopefully you are as financially astute as many of us are on this site and loaded up on JPM @ 121 while shedding all the WF meaningless ESOP shares as possible.

Continued Happy Investing to all!

Charlie’s biggest failure is not greasing the right politician to get the asset cap lifted . If that means getting in bed with the orange man then so be it

What the F is the Board thinking compensating this non-performing buffoon??

Market cap was over $200B for what, 7 years? Now it's 180 and the chart isn't exactly showing improvement in recent years.

@1kaa+1qNs5no3

Nah, not 100% total since 2019, but well over 50%. The official stats these days are a joke and have no basis in reality. They are extremely self serving politically and for the people controlling the money supply (aka those with all the power), so naturally the numbers are routinely underreported and methodologies changed over time to obscure the truth.

In any event, no matter what inflation # you believe, a stock that is flat over a 5 year period is in fact losing value. The dollar is worth less and the opportunity cost, mama mia! But hey, let's blow another 2 years of profits buying another $40B of it, maybe it'll go up a couple dollars per share. Woohoo!

@hhh+1qNs5no3

Then JPM is down 50%.

Inflation has not been 100%, drama

Once again proving Charlie is no Jamie Dimon.

Dollar is worth half what it was in 2019...our stock is tanking.

Stock buybacks since Q4 2019:

WFC $41.136 Billion
JPM $42.387 Billion