Thread regarding Wells Fargo & Co. layoffs

Wells Fargo raises S&P 500 2025 target to 6500-6700 on earnings growth

Oh boy. Now this should make investors nervous. Wells Fargo Investment Institute is WRONG more often than they are right.

The problem is that the bank has decided they must have one voice when advising clients. Yes this makes sense on paper, but it has unfortunately d-mbed down and diluted the bank’s investment strategy and advice. The “one voice” strategy naturally leads to knowledgeable but dissenting voices being shut out. We’ve hired talented strategists but they are all forced to come to a consensus, even when they think it’s wrong, regarding the advice regarding the direction of the economy and the market. That is frightening when you think about it. And who is making the final call? I assume it is the President of WFII. And he keeps getting it wrong. Maybe the “one voice” strategy works best for Wells Fargo, but it is not what’s best for our clients. 70

by Anonymous
| 694 views | | 5 replies (last November 24, 2024) | Reply
Post ID: @OP+1vCwQget
Comment! It's anonymous!

5 replies (most recent on top)

@1cxh+1vCwQget “Called the election” could have gotten the same information by simply looking at the betting odds lol

by Anonymous
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Post ID: @2vul+1vCwQget

Post ID: @1cxh+1vCwQget

He had a 50/50 shot on calling the election, so….. no.

I think we should be public about the various opinions and who they are coming from and why. Or maybe make a “one voice” call, but say why certain experienced analysts don’t agree. Analysts at other companies have built cult followings based on how often they are right and they have become trusted voices in the industry.

I don’t think DC has ever been right, but please feel free to prove me wrong. For example in November 2023: “Stocks are headed nowhere fast with high rates likely to weigh on the S&P 500 for all of 2024, Wells Fargo says. In a research note published Monday, strategists at the bank said they expected the S&P 500 to be trading at between 4,600 and 4,800 points by the end of 2024.”

Only 2000 points off. What he does is get it wrong initially and then keep making adjustments through the year as the markets prove him wrong. A monkey can do that.

by Anonymous
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Post ID: @2ijo+1vCwQget

As a company, shouldn't we have a consensus? Or do you think we should be public about all the different opinions?

Also, DC is more right than wrong. He called the election. Or at least interrupted the markets' picks correctly.

What does your crystal ball say?

by Anonymous
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Post ID: @1cxh+1vCwQget

The "one voice” strategy is yet another tool to bully the client into accepting your financial advice. Get the acquired peons in control.
Wells got into trouble the last time they tried to bully the client into signing up for accounts. I wonder what trouble will await Wells here?

by Anonymous
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Post ID: @1epm+1vCwQget

Oh so they think it will go up by the long term historic average - great guess

by Anonymous
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Post ID: @1bwe+1vCwQget

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