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  • Wells Fargo Is Broadly Meeting Growth Projections; Can It Hit $60 Before The Year Is Out? [View article]
    wrote a long, biased attaboy (deleted), but fwiw, blue-sky, what-not..
    RE $60, yeah that Might be a reach this year, particularly with the endless Greek news affecting the sector (affects WFC not at all, but that's the market). It comes down to investor faith as the P/E millimeters forward, since Many major investors consider WFC the New Kid, and that will continue for a While ("Naawwwp, P/E too High").
    July Earnings will fairly describe what to expect by eoy, but double-digit improvement across major operations y/y seems unlikely at this point.
    i.e., most of the big rocks have been mined (stealing their schoolmates lunch money, they Finally woke up) so back to little rocks into profitable sand..

    Passing the $56 resistance/hump is a good sign.. Historically, Norwest has never allowed their stock to rise much above $50 (they would split to keep it affordable, but affordable has definitely changed, as did the outstanding shares after Wachovia).
    Interesting times..
    Jun 23, 2015. 02:39 AM | Likes Like |Link to Comment
  • Wells Fargo: Warren Buffett's New Favorite Stock Is Undervalued By 50% [View article]
    The -stock- price was inflated by a Fed pump? Interesting theory..
    Jun 8, 2015. 01:35 PM | Likes Like |Link to Comment
  • JPMorgan Lays Off 5,000 Employees: Investors Should Lay Aside Their Shares [View article]
    strangely quiet, Don.. any thoughts about these reasonable replies?
    can we just file this one under clik-bait then?
    Jun 6, 2015. 01:20 PM | 9 Likes Like |Link to Comment
  • Financials on the move as rate hike draws nearer [View news story]
    lol, go to BAC I can presume.. but do leave a link to this disastrous WFC development(s) when you get a chance..

    WSJ reports about securities fraud, which doesn't apply to WFC RE billion dollar fines.. "requests for information from government agencies related to the origination, underwriting and securitization of certain mortgages.." Might be a repeat of past multi-Million dollar fines, unless you have info regarding how this case will be so much worse than past issues..

    But I am biased, and I sleep Very well, literally No worries RE WFC or USB, as they have teams I believe in and trust. Others in the sector do Not, and their litany of blunders and embarrassments should disturb any investor's slumber.
    Jun 5, 2015. 09:20 PM | Likes Like |Link to Comment
  • Dimon In The Rough [View article]
    Thanks Andrew! So many, even here, like to debate the minutiae, but the sad appearance is that one area of a CEO's required expertise is lacking in this case, and that is of Head Cheerleader. If Jamie thinks he is the Only one that hates that part of the job he is sorely mistaken. But 'MY way or the highway' rhetoric is (willingly) accepted only for as long as you show no errors in Your way.

    Belief that That many -previously impressed- shares/investors suddenly 'about face' due solely to ISS or Glass recommendation speaks volumes, sir..

    Please consider Workin' a bit and finding that fox, 'stead o' complainin' about the Rain killin' chickens. Those pesky headlines have damaged your superlative team.
    Jun 4, 2015. 11:42 PM | Likes Like |Link to Comment
  • Banks named in FIFA scandal [View news story]
    caught you on a bad day again, huh? lol

    As my ref was simple analogy of overkill, I didn't do details - she was 'simply' moving that approximate amount ($8k) to several different banks, ACH, to distribute her wealth for 'safety' (some people don't have the faith in banks they did prior to 2008). At 79, I am reasonably sure she had no intention of gaming the system, she was unaware (many are) that moving money around has Consequences now, unlike when she was a spry, well-versed 30 year old in 1965.

    The Important note was: she got arrested for doing so. We'll never know why she/they thought it was a 'good idea' to do what she did, only that she did it for whatever reason (apparently safety).
    But hey, Never-mind, it was her own fault.
    May 28, 2015. 06:53 PM | Likes Like |Link to Comment
  • Banks named in FIFA scandal [View news story]
    tell that to the 79-year-old widow that transferred her husband's estate here and there in $8k increments and got Busted for avoiding the $10k transfer reporting rule (following the advice of her great-nephew to diversify, for safety, she added it all up and divided by 23 or summat).

    I -do- get your point, but the tracking now is pretty egregious, in the name of the War on Terror, among others.
    May 28, 2015. 03:44 PM | Likes Like |Link to Comment
  • Charter to merge with Time Warner Cable, buy Bright House [View news story]
    Dear FCC,
    Please utilitize the cable/broadband industry.
    everyone Not in the entertainment industry (or directly benefitting From it), and/or those Unable to flood-bribe All 'elected' and 'appointed' officials.
    May 27, 2015. 01:03 AM | Likes Like |Link to Comment
  • All Hat, No Cattle? Not These 2 Stalwarts [View article]
    "it grinds out incremental earnings performance like sausage"
    There Must be a correlation explaining why I am always sipping my coffee when I read the Fun line, Thanks, Ray! (but my sinuses hate you).

    Any thoughts about this quarter's $56 ceiling? I don't recall resistance like this since 2010.. (famously selective memory, of course). hmm..
    May 26, 2015. 03:23 PM | 1 Like Like |Link to Comment
  • Bold Prediction: JPMorgan's Dividend Will Double Within 6 Years [View article]
    Faith in the monetary exchange system is simply, paramount.
    Touching it in any way is a capital offense, let alone routinely diddling it on a weekly basis for fun and profit.
    You're a moron if you heat your living space by slowly burning your walls.
    IMHO this deserved a loud, unequivocal response from management, as Any loss of faith in Forex is a poison arrow for international business, and by extension, those that depend upon international for earnings.
    <steps off of OT soapbox>
    May 25, 2015. 07:53 PM | Likes Like |Link to Comment
  • Bold Prediction: JPMorgan's Dividend Will Double Within 6 Years [View article]
    Whale was the beginning, but chatter RE the Forex issues were what caused me to remove my loud and longstanding support of Jamie and team - the countless negative headlines since have left me comfortable with that decision, and I stand by my snipes at Jamie regarding his statements and demeanor following each 'embarrassment'.

    I did not intend to overstate here, apologies if my comment came off as more negative JPM - I would like to see all of the 'movers and shakers' of the sector do well, as their investment drives economic growth.

    and for the record I agree with you, I don't think there is any question that JPM -can- take advantage (RE my 2015 is The year comment, elsewhere), but never a fan of the "it's only illegal if you get caught" economic thesis/principles that seem to run rife from Jamie's tutelage.

    Someone in the position of running and speaking for an organization of that size and impact needs to breed utmost confidence in both shareholders as well as the general public. my humble opinion.
    May 24, 2015. 04:48 PM | 2 Likes Like |Link to Comment
  • Bold Prediction: JPMorgan's Dividend Will Double Within 6 Years [View article]
    Your historical data could use some work, recommend you base anything on 2012 forward, the crash just screws up your numbers, i.e., conversely, you could point out how Lousy the investment is based upon performance -ending- in 2010.

    Dividends were simply kiboshed by the fed for a time, including that era in Anything necessarily misrepresents. Bulls don't need that.
    May 23, 2015. 09:53 PM | Likes Like |Link to Comment
  • Wells Fargo Should Be On Your Shopping List [View article]
    "Can the bank increase the amount of products and services it sells to its existing customers by having less branches ?"

    The 50% drop you referred to is about floor space and consolidation, i.e., WFC has no plans to 'close' 50% of its branches, and may expand numerically, but at smaller ft².

    Thanks for the summary!
    May 21, 2015. 03:03 PM | 1 Like Like |Link to Comment
  • Penalties come down for banks from forex probes [View news story]
    Dear Jamie,
    I have found no comment from you regarding this event. DID you fire the shaetheels responsible? (or just Move them to another area)
    Is this the last headline for 2015?
    the Weary
    May 20, 2015. 02:00 PM | Likes Like |Link to Comment
  • Wells Fargo looks to insurance for growth [View news story]
    cross sell has improved more than originally 'projected', RE Wachovia inductees.
    But yeah, it was arguably a knee-jerk to poor results back then..
    Not a scramble by any means, this is standard WFC conservative stuff -- they marketed, customers responded, they further staffed.. rinse, repeat..
    Apr 29, 2015. 11:31 PM | Likes Like |Link to Comment