It's interesting that the removal of the growth cap hasn't resulted in a significant gain in the stock price, nor has it resulted in Wells Fargo buying up anything. We still seem to be in the continual layoff loop we've been in ever since Charlie came on board. Why aren't we growing now? Surely, there must have been people planning for when the growth cap was lifted.
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@ac Come on. You don't think they should have had some plans of what to do once the cap came off? They had years to plan for it.
@an Since the cap was lifted, it's up 15%. The S&P 500 in the same period? 15%... So it hasn't outperformed.
Like someone else said, it's only been a few months.
Isn't it up about 25% on the year?
@a2 he definitely isn’t Jamie Dimon I can’t guarantee you that.
the asset cap just came off-- how do you expect them to acquire any other business? Don't be d-mb. There are efforts underway to prepare for any potential deals.
That just means it was mostly built into the stock price already since stocks are a "future" outlook of expectations. They have to now prove they can grow profitably which should prove difficult because even with layoffs they are giving too much comp to executives therefore not really improving the efficiency and bottom line.
Charlie isn’t a grower, he’s a chain saw. It is all he has ever done at BNY, Visa and now here.