I missed the Q&A. Was anything said about Asset Cap?
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Not surprised the stock took a hit. It's pretty apparent that Shart is running this ship into the ground. Our profits are less than the used to be, in spite of lots of inflation. We have to spend billions and billions on our own stock in order to keep outstanding share prices from slowly heading down, to an eventual death spiral. Nothing the execs are saying gives anyone hope that regulatory issues will ever be resolved, let alone be resolved in the near term. At this point it's embarrassing how much they talked about regulatory issues early in the Shart era...only for their strong words to meekly trail off in pathetic surrender to reality. Right now the cloud of abject failure looks over Hudson Yards and Shart.
Ony one sentence whch was that they expect it to last through 2024.
It's 2024, nobody talks like that anymore
https://www.barrons.com/livecoverage/bank-earnings-jpmorgan-chase-bofa-citigroup-wells-fargo/card/wells-fargo-reports-earnings-beat-but-a-jump-in-credit-loss-provisions-7o4LwenaTLYoX6p0VeiX
Real vote of confidence in CS! NOT!!!
No, but that -3.5% stock drop today will make Charles happy.