Merideath has got her math wrong. Q1 earnings of WFC before any adjustments should exceed 10 cents/sh easily. That is my estimate. When WFC reduced its dividend, that left more margin for earnings growth in Q2. So why the sell rating?
What's a Dollar Worth? More than Citi [View article]
OK, if C goes BK, it cannot come back as CC since that is taken (down, I might add), but C2 is possible. Best ticker symbol after reorganization would be CRAP, although there is a CRAP on the Paris exchange. Brilliant idea- let's start a contest to rename the trading symbol, after BK and reorg. Interim-wise, C.PK would be damaging to capitalism, BUT, everyone would forget it in a year.
The Whitney Ratings [View article]
WFC est. 0.06 actual 0.56
BAC est. 0.04 actual 0.44
C est -1.14 actual -0.18
COF est -0.02 actual -0.45
Figures are from marketwatch.com. A dart-throwing monkey could make more accurate predictions.
The Whitney Ratings [View article]
What's a Dollar Worth? More than Citi [View article]