I told you, target price in next 2 months is $60.
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Mine were RSR awards, and yes, I’d never buy this stock out of sheer anger for being let go.
$60? Might be very optimistic there.
Oil heading to $110 again.
Gas at $5, 30yr rates over 5%. PPI just came in at 6%
Banks are the first industries to feel the pinch. Tech is still partying like its 1999, but banks know something is wrong.
If you own WFC, you need your damn head examined.
Up over 2% today
Sold 650 shares at $92, did good for once!
Glad I dumped this stock soon as my "award" vested back in February in mid $90s. I knew this one would soon become tu-d for all the bag holders.
Fu--ing GOOD
The main reason these layoffs keep happening is the stock market has been rewarding companies just for announcing them. All these CEOs are cargo culting each other and using layoff announcements to performatively demonstrate fiscal discipline. Want to juice your stock price a little? Announce a layoff. Thats how its gone the last few years
If Wells has a sustained downturn in stock price, especially in an environment where the rest of the market is unaffected, it will force the c-suite to at least reconsider their strategy.
We should all be rooting for bad things to happen to Wells Fargo. This company was at its best when the CEO was constantly at risk of getting hauled in front of a congressional committee
Own ZERO WFC