Can't believe it is selling off. Looks like a awesome quarter/year. RECORD profits. I want some of that money. Up the Divi to 3.25%. Increase Buyback.
Sentiment: Strong Buy
Profit 2 cents better than expected .Don't listen to experts,it will go up next week.
Well done WFC
Don't use the money to buy back shares. Give it away as dividends instead.
if they were to buy back 300 million shares then a dividend of $1.00 would mean they lower their dividend expense by $300 million. Why would WFC want to increase their dividend expense?