I hear that approval from the Fed is imminent.
I don't know the new div. rate, maybe $0.50 to $1.00 ?
Question: Will the stock hit $100 when the news breaks, or is everything always
already "baked in" by the time we hear the official news ?
Yes, but 0.50 to $1 is too high.
I'm thinking 10 cents/quarter.
And the share price should get to 60-ish when its announced. We already went from 25 to 50, so most of the news is "baked in" as you said.
We all know they owe Citigroup, for not letting us steal Wachovia. They gave WM to JPM for free, boosting Jaimie's "fortress" by 500Billion, then let WFC steal Wachovia for a song, they didn't give us anything except loans that we had to return, with dividens and interest. How come we didn't get to steal UnionBank or U.S. Bank ?
this is very comical thanks. I love your enthusiasm. C is a good stock but don't get emotional. It is quite atypical for companies to raise their dividends 99x in one annoucement. They will raise prolly next April after another stress test. until then it's better they just buy their stock at a discount to book.