Just when I think Wells Fargo hit rock bottom, something like this latest Sloan raise happens and I see that there is lower we can go after all.
I don't think there is an excuse anymore that can be used to justify any of this - there hasn't been one for a long, long time now.
Wells Fargo is despicable.
Our stock is DOWN 25%! You are delusional!!!
WF had to buy back it's own stock because shareholders DUMPED it!
What rock are you living under?
WF is doing so well, it's cutting up to 26,500 jobs?
Please get informed. The total denial by some of the posters on this site is dumbfounding.
The fact is - our balance sheet is healthy. Our cash flow position is outstanding. Given no major upheaval in the economy or society, we can continue to operate for many, many years.
It had one time was the largest bank by stock value in the US and now its #4. It will be broken up into smaller pieces and those individual divisions will not be in the top #10 alone.