That's the same idiot analyst who keeps pointing out the $10 billion in merger related expenses Wells still has to take but somehow hasn't figured out they still have what's going to amount to a $20 billion tax credit at the same time. They are going to net POSITIVE $10 billion when they finish the merger on paper.
Analysts. If they were smarter they'd be INVESTORS instead of $6 figure a year "analysts". This board has been filled with analyst opinions since $10 that Wells was going to be nationalized or that "All the banks are insolvent".
Listen to Warren Buffet, the best investor of all time - and not analysts who take the subway to work.