Thread regarding Wells Fargo & Co. layoffs

The company's short-term finances are better because Charlie has laid off 70,000 employees. So the cashflow looks better, and investing is all about what a company's cashflow today looks like. Nevermind if he's cutting the legs out from under the company's ability to operate as well 1 year from now when all our services are being done by the continual turnover, zero skill overseas labor pool.

You have to really sc--w up not to make money as a bank. Investors are betting on investcap being lifted. Buying back of stock certainly not hurting the price either.

Every year the company is worth less, and the best indicator of all that it's going to S is that Shart keeps using our profits to buy more shares.

Stock price is no longer driven by fundamentals. Investors are sheep.

Yup, #wellsfargoshitshow at its best.

You work at wells and know the inside state. ask yourself if you had $50000 would be stupid enough to buy wells stock at current price. Truth is wells management is playing everyone with smoke and mirror posturing around asset cap and layoffs. If they don’t do that Charlie and team will be fired. The problem is the regulators do not have good options with this bank. Anyone who is unbiased and has a milligram of brain cells knows Wells Fargo is a write off.

You forgot:

c. dead cat bounce