BSexposer

Wells Fargo: Doing What It Takes to Succeed

"My experience has been egregiously high fees, no matter what you are doing and extremely average customer service. When I went to close my account with them, they said they would have to charge me a fee to close my account. Turns out my experience was not dissimilar from many others."

Do you really believe that JPM or Citi or BofA is any different?!!?! Get real, fool. You are clearly clueless.

Wells Fargo: Doing What It Takes to Succeed

Radiohead = great band, TERRIBLE analyzer of banks. Dude, you really don't get it, do you. TCE is a MEANINGLESS metric - for some insane reason the dopey regulators have bought into the TCE mania hook, line and sinker. WHO CARES what the TCE is???? What matters is Tier 1 capital and earnings power. And WFC has plenty of each. Their dividend cut will add $5B/year in capital. And with their capital raise they will have over 4% TCE by November, if that makes you sleep better at night. WFC is the LAST BANK the regulators should be worried about. Seriously, you have a lot to learn about commercial banking, bro.