Author Topic: WFC - Wells Fargo  (Read 363923 times)

eatliftinvestgolf

  • Newbie
  • *
  • Posts: 28
Re: WFC - Wells Fargo
« Reply #970 on: June 05, 2019, 06:04:35 PM »
https://dealbreaker.com/2019/06/ruth-porat-might-be-available-wells-fargo

Interesting comments about Ruth Porat as a potential CEO, even if not a good source.


eatliftinvestgolf

  • Newbie
  • *
  • Posts: 28
Re: WFC - Wells Fargo
« Reply #971 on: June 05, 2019, 06:06:53 PM »

RuleNumberOne

  • Full Member
  • ***
  • Posts: 191


Value^2

  • Sr. Member
  • ****
  • Posts: 251
Re: WFC - Wells Fargo
« Reply #974 on: June 11, 2019, 10:15:09 AM »
They should ask Angelo Mozilo to run that bank! He wouldn't be any worse than the prior ones.
« Last Edit: June 11, 2019, 10:17:42 AM by Value^2 »

CorpRaider

  • Hero Member
  • *****
  • Posts: 2169
    • The Corpraider
Re: WFC - Wells Fargo
« Reply #975 on: June 11, 2019, 10:23:47 AM »
Hmm, would be great to get Davis, on first impression. 

sleepydragon

  • Hero Member
  • *****
  • Posts: 659
Re: WFC - Wells Fargo
« Reply #976 on: June 11, 2019, 10:27:12 AM »
Can they buy M&T or PNC and get their CEO?

LowIQinvestor

  • Hero Member
  • *****
  • Posts: 595
Re: WFC - Wells Fargo
« Reply #977 on: June 12, 2019, 12:01:59 PM »
Can't get much worse than this!
I am LONG

9 PE & 1.2 X BV
Dividend yield close to 4%

Catalysts:
New CEO ( any )
lifting of Asset Cap

coc

  • Full Member
  • ***
  • Posts: 204
Re: WFC - Wells Fargo
« Reply #978 on: June 12, 2019, 12:36:12 PM »
Can they buy M&T or PNC and get their CEO?

WFC can’t acquire deposits anymore — too large.

koshigoe

  • Jr. Member
  • **
  • Posts: 59
Re: WFC - Wells Fargo
« Reply #979 on: June 12, 2019, 07:58:24 PM »
Can't get much worse than this!
I am LONG

9 PE & 1.2 X BV
Dividend yield close to 4%

Catalysts:
New CEO ( any )
lifting of Asset Cap

ya, and seems total irrational comments about the bank, like from Sherrod Brown and OCC. Either we're now in bizarro world, or this nonsense will stop and people will wake up to nonsensical WFC price. I mean, the bank is well run period, even if CEO never appointed. Shrewsberry has done great job, and massive buybacks await and very prudent balance sheet. I mean, it's the most plain vanilla well run bank around and selling for the cheapest. No histrionics intended, makes me sad that people in high positions trashing WFC like this. Past apex of great civilization indeed.

“We are aware that the Wells Fargo board has stated it is seeking external candidates to fill the CEO position, and we support that criteria,” a spokesman for the Office of the Comptroller of the Currency, which has committed to reviewing Wells Fargo’s selection, said in an emailed statement.

“The fact Wells Fargo has to beg suitors to take an $18 million paycheck and still gets rejected tells you everything you need to know,” Sherrod Brown, the ranking member of the Senate Banking Committee, said in an emailed statement. “Even Wall Street insiders can see that Wells Fargo is too big to manage, and no CEO can fix it.”

from https://www.bloomberg.com/news/articles/2019-06-12/long-shot-bid-for-wells-fargo-ceo-gains-steam-as-others-opt-out