It only needs to shed 15B more in market cap to get down to AG Edwards size at the time it was acquired.  Who would have thunk that you could plunk down 33B and pick up AGE, WFC and WB all in one convenient package!!

It only needs to shed 15B more in market cap to get down to AG Edwards size at the time it was acquired. Who would have thunk that you could plunk down 33B and pick up AGE, WFC and WB all in one convenient package!!

jp morgan next after wells. 

wrong, WF did not have the cdo exposure that most the other banks had b/c it didnt have a IB dept until its acquisition of wachovia. Wachovia has already written down a massive amount, and their exposure was well known unlike ML when Bac bought it. WF has the capital to sustain it and gain market share over the next few years. Them along with JP Morgan will be the premier financial banking instituitons. Now that they cut their dividend they will be saving 5 billion which can be used to pump up reserves and assures them passing the stress test.  That and suspending the mark to market rule will propel this stock up and with massive short covering you will see this stock trade again at 20 by end of the year. The only possible way this bank doesn tmake it through this is if we see real estate continue to fall and the economy doesnt recover before 2011. Highly unlikely scenario.

Not to mention the fact that everybody has become so bearish on the market and people who dont have any clue of what they are talking are so positive of future outcomes, leaves me getting more bullish on this market. Another 5-10% drop and I am going to start buying back into equities.

[quote=JayUT1] wrong, WF did not have the cdo exposure that most the other banks had b/c it didnt have a IB dept until its acquisition of wachovia. Wachovia has already written down a massive amount, and their exposure was well known unlike ML when Bac bought it. WF has the capital to sustain it and gain market share over the next few years. Them along with JP Morgan will be the premier financial banking instituitons. Now that they cut their dividend they will be saving 5 billion which can be used to pump up reserves and assures them passing the stress test. That and suspending the mark to market rule will propel this stock up and with massive short covering you will see this stock trade again at 20 by end of the year. The only possible way this bank doesn tmake it through this is if we see real estate continue to fall and the economy doesnt recover before 2011. Highly unlikely scenario.

[/quote]



WFC headed right to zombie land.



commercials loans out the ass

That Oakland CA TOTAL garbage loan portfolio they bought from Mensa boy Ken Thomson.   They trying to do work outs with those people-NOT.   60-70% of those are toast

arrogant MF Johnny Strumpf going the way of Bob Steel.

wfc dog with fleas a short

like I said above

[quote=Ferris Bueller]Hey retard don’t you have some depressing Nickelback videos to watch?[/quote]

I love seeing it shrink  AAAAAAAAAAAaaaaaaaaaaaaahaahahahahahahahaahahahahaahaaaa

Hey retard don’t you have some depressing Nickelback videos to watch?

commercial loans will bring down wells fargo.  i guess we shall see in the next 12months when they all eat $hit.  california commercial real estate is going to take it in the rear

commercial loans will bring down wells fargo. i guess we shall see in the next 12months when they all eat $hit. california commercial real estate is going to take it in the rear

strumpf d*** head



buying world saving loans will be just like lewis and MER.



toxic cancer



i hope he exits like Thain

And we trade at 20. Never thought it would get here this fast but Ill take it. Sell here and wait for pull back to get long again. It will take a few years but this is one of those trades you will look back three years from now and say damn I knew I should have bought it. 40 dollars by early 2012, and hopefully dividends return to normal within a year which puts the dividend yield at 12-14% a year if you got in back at 9-10 range.