The stock price is hitting 52-week lows. Pretty sure the shareholders want to see action and change.
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What will be the outcome? AC and the executive team will receive 10%+ raises for their leadership. Happens every time.
USB increased to 31.1 this morning +7.6%. There is lots of volatility in stock prices across the industry.
Corporate execs will get their options repriced, the rich hoardesrs will buy more shares at all time low prices...the rich will get richer as usual.
Larger sell off of several banks yesterday - USB definitely has issues but yesterday isn’t a good barometer of them.
Maybe because the debt ceiling is out of control, and the stock market is in the cr-pper? Probably a lot less to do with the bank itself.
Maybe less time pandering to every little group and ridiculous cause and instead focus on running a successful business. Can't see that happening though with this leadership.
It will get bought out
Fed won't let them buy stock back to drive the share price higher, can't layoff employees or send the jobs overseas, that may improve short term revenue, but won't budge the stock price,
Investors want performance, return and growth and they are tired of spin and recallibrated numbers, while cheering for championing social causes as the stock price and real opportunities for growth just wither and languish.