
First Quarter Blues? More Like First Quarter Bullshit!
Alright listen up you punks. Wells Fargo they come out with these numbers right? Missed the mark on revenue $20.15 billion shoulda been $20.75 billion! That's like showing up to a party with a half empty bag of blow! But hold on they beat the earnings per share. $1.39! Not bad but still... First impressions are everything. You gotta come on strong like I did when I took over this town! And I didn't have no f***ing tariffs to blame either. You think I give a sh** about tariffs? I make my own rules! This is America right? Land of opportunity! And sometimes you just gotta grab that opportunity by the balls!
Charlie Scharf: From Defense to Offense or Just Another Suit?
This Charlie Scharf guy they say he's turning things around. Piper Sandler they give him a 'buy' rating. 'Defense to offense,' they say. Sounds like a bunch of hogwash to me! But hey maybe he's got some balls. They say he's cuttin' costs fixin' the risk and investin' in technology. Diversifyin' the revenue streams. Smart move Charlie. Like I always say don't get high on your own supply. Gotta have options baby! I had options! Cocaine cash and a goddamn chainsaw!
Trade Wars and Bullshit: Is the Economy Gonna Take a Hit?
Trade wars huh? Scharf says people are 'cautious.' Wait and see. Bullish for the long term he says. Sounds like a politician that's what it sounds like. Me? I don't wait. I make things happen. 'The world is yours!' Remember that! But these Wall Street guys they’re always playing it safe hiding behind numbers and projections. What about guts? What about making a f***ing move?
The Asset Cap: The Key to Wells Fargo's Empire?
They say this asset cap this $1.95 trillion thing is holding 'em back. They gotta get it lifted! That's the key to more money more power! The reports say it could be lifted this year. If that happens watch out! Wells Fargo's gonna be swimming in dough! They'll be richer than... well richer than I WAS before those bastards came to my door! But hey you gotta break a few eggs to make an omelet right?
Numbers Numbers Who's Got the Numbers?
Net interest income down 6%! Missed the estimates! But expenses down 3%! Headcount shrinking. They bought back stock at $78.65 a share? What a bunch of idiots! Stock's at $63 now! Maybe they shoulda asked me for investment advice. I know how to make money! Provisions for credit losses lower than expected. Good. But 2025 guidance? More uncertainty. Tariffs and trade wars messin' everything up. I tell you these guys are just waiting for an excuse to blame somebody else.
Final Thoughts: You Need People Like Me!
Look Wells Fargo they got problems yeah. But they got potential. This Scharf guy maybe he's the real deal. Maybe he's just another suit. But if they get that asset cap lifted and they keep cuttin' costs... they could be a force to be reckoned with. But you need people like me. You need people to say 'This is what you got to do!' I mean who are they kidding? This is the way the world works!
dmsessum
Where is the growth going to come from?