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Wells Fargo & Company Message Board

mr.schnider 120 posts  |  Last Activity: Dec 19, 2014 2:33 PM Member since: Apr 26, 2008
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  • Reply to

    world most valuable bank

    by adrondeck Dec 19, 2014 12:32 AM
    mr.schnider mr.schnider Dec 19, 2014 2:33 PM Flag

    you are way off on that one, Wells Fargo is NOT considered to have poor customer service.
    This information is sliced and diced by different authors in order to obtain clicks, but the fact remains Wells Fargo is considered to have good customer service with loyal depositors albeit high fees.

  • Although we still have an undesirable amount of long time unemployed, our rate of 3.7% is quite amazing.
    (as a comparison back in 1999 it got down to 2.5%)
    Even with our state being a heavy employer of mortgage banker employees that have been laid off back in 2013 our state is still hitting on all cylinders.

  • Reply to

    SUPPORT @ 45

    by jmdbro Dec 10, 2014 2:25 PM
    mr.schnider mr.schnider Dec 18, 2014 1:18 PM Flag

    it looks like the market wants to get back to where it was last week......

  • Reply to


    by fsbsgillie Dec 11, 2014 5:17 PM
    mr.schnider mr.schnider Dec 18, 2014 12:00 PM Flag

    There is a part of me that really likes Jamie Diamon, however with the drain on talent they apparently have with well seasoned executives leaving their company, at some point JPM is starting to look more and more like Citibank to me.

  • Reply to

    prepare to break out --question mark?

    by bondgal00seven Dec 18, 2014 9:05 AM
    mr.schnider mr.schnider Dec 18, 2014 11:45 AM Flag

    It would be absolutely awesome for the economy to break out in 2015, however its tough for the global economy to turn around while having sanctions against Russia.....
    But what we do have is Republican leadership deciding to not fight the budget;
    Prices at the pump putting a wind at our back;
    80% of consumers feel their finances are stable or improving;
    factory capacity utilization running at 80%;
    We are now getting a whiff of wage increases;
    71% of consumers believe they will own a home 5 yrs out;
    FnF have revised their rules on when they will put back mtgs onto banks which will in turn unleash the banks to make mortgages once again (FnF had been putting back mtgs willy nilly until just this month)
    FHA guidelines will approve loans for people lost their homes as recently as 4 years ago, this echo effect coming from the foreclosure crises starting in 2006 will increase the pool of potential home buyers its just that they have become confident in their finances & get the word that it is not impossible to get a loan anymore;
    Jobs continue to be created;
    There are approximately 5 million Mexicans that on the path to coming out from living in the black market that might add to the number of home owners;

    Historically the first quarter of the new year can tend to be weak, however if the global economy doesnt drag us down and we are able to hit yet another 3% GDP next quarter, then 2015 can hold out hope as a break out year for our economy.

  • Reply to


    by billion1388 Dec 16, 2014 12:38 PM
    mr.schnider mr.schnider Dec 17, 2014 8:06 AM Flag

    The cost is that it supposedly started to tip Europe into recession last summer which in turn impacted China' economy. Now less than a year after the Ukraine problems started the global financial system is hearing rumblings of Greece needing another bailout

  • It is hard to imagine the Fed making changes in their language tomorrow if the markets are experiencing some kind of currency crises. It will be interesting to see how Janet handles things tomorrow if once again we are in the midst of a market free fall.

  • Reply to

    ViX above 24

    by mr.schnider Dec 16, 2014 10:45 AM
    mr.schnider mr.schnider Dec 16, 2014 11:36 AM Flag

    congrats to you for being so prescient.
    Its been a nice snap back for most everything else as well,

  • mr.schnider by mr.schnider Dec 16, 2014 11:32 AM Flag

    Jeb Bush is non dogmatic and seemingly is elequent enough to stand toe to toe against the idiots going on and on about "we the people". I am sure he has not been perfect, but from where I stand his maturity is a real breath of fresh air and outweighs any connection he might have with his brothers crowd within the "New American Century" think tank.

  • Reply to

    ViX above 24

    by mr.schnider Dec 16, 2014 10:45 AM
    mr.schnider mr.schnider Dec 16, 2014 11:05 AM Flag

    Post script: By the way what I meant is for those holding puts on any stock, NOT on the vix. (In theory when volatility increases the value of a derivative increases)

  • mr.schnider by mr.schnider Dec 16, 2014 10:45 AM Flag

    The vix was above 24 this morning for those lucky enough to be holding puts I would think it was tough to resist the chance to cover those puts.

  • mr.schnider mr.schnider Dec 13, 2014 12:24 PM Flag

    This is what I like about CNBC, we get to see all of these professional hedge fund managers, like Gartman, go on TV and we see how they have no magical wands that manipulate the market, but instead many times underperform the total market.

  • During the Goldman Sachs investors conference the CEO of Wells Fargo, John Stumpf, mentioned that he started out with USB which is something I was not aware of.
    For those not familiar with WFC, the company that purchased Wells back in 1998 of which Stumpf an employee of, was a Minnesota bank named Norwest which explains the friendship Stumpf mentioned he has with Davis. Stumpf was highly complimentary of USB as he mentioned the differences in the two banks.

  • Reply to

    Expert advice needed,

    by keebon Dec 11, 2014 6:46 PM
    mr.schnider mr.schnider Dec 13, 2014 11:45 AM Flag

    keebon, Wells Fargo' stock may turn out to be a good investment for you, but do not count on their earnings to grow in in 2015. Although they have some areas of the bank that are growing, its not enough to move the eps needle, I fear that analysts will start to pull back next years estimates in a few of weeks.

  • mr.schnider mr.schnider Dec 13, 2014 11:33 AM Flag

    I would like to respectfully disagree with you, imo CNBC does a fairly decent job allowing different views to be aired on their station. Dennis Gartman is only human but I respect his views enough not to take the other side of his trade, he knows a ton more than I ever will.

  • mr.schnider mr.schnider Dec 12, 2014 7:39 PM Flag

    Rather than a stampede, it would be more like just a slight increase over several years.
    Taxes are not as high up on the list of things that decide where to invest capital as one is normally lead to believe by the occasional news editorial piece.
    They might chose to incorporate in an offshore shell company to avoid taxes, but doesnt necessarily mean that these shell companies in Ireland are producing any jobs over there.
    There are alot of reasons as to where to build a factory to manufacture something than just simply the tax rate.

  • Reply to

    Lawmakers agree on $1.1 trillion spending bill

    by jerrycruncher Dec 10, 2014 12:05 AM
    mr.schnider mr.schnider Dec 11, 2014 11:03 AM Flag

    georjetta, we are talking about two seperate things, please refer back to what I posted.
    I was meaning to discuss medicare, not private health insurance.
    If you want to talk about private health insurance, then rather than the 70% being paid in to the system, when it comes to private insurance the consumers are paying more than they get out.

  • Reply to

    Lawmakers agree on $1.1 trillion spending bill

    by jerrycruncher Dec 10, 2014 12:05 AM
    mr.schnider mr.schnider Dec 10, 2014 12:04 PM Flag

    jerry, if you really want to be solution oriented, instead of calling it a scam, we can actually speak to where the spending problems are: 1) medicare 2) military 3) social security
    Medicare is not a scam, there are folks that sincerely believe they are entitled to it because they are convinced they paid for it and have paid their dues. They are not trying to scam us, they just don't understand they only paid for 70% of the benefits they are receiving.
    Insurance is hard to get ones head around, its not something you "get your moneys worth", nor break even on.
    Insurance is something that the vast majority of insureds pay more into than they get out of it.
    I don't think 20 or 30 years ago medicare was structured to pay for all of these knee/hip replacements.
    Everyone thinks they deserve the best health care, but insurance just doesn't work this way.
    Its not a scam, just a cross between ignorance and selfishness.

  • mr.schnider by mr.schnider Dec 10, 2014 11:36 AM Flag

    sequestration seems like the only way our country can bend the curve on increased spending in this country.
    It looks like leadership from both parties are unified in "undoing" sequestration rather than avoiding it by coming up with a budget.
    The military is about half of our budget, it seems like a no brainer to me that our country has no political appetite for reducing defense spending, therefore imo this whacky sequestration idea to me is the only way to ever reduce our defense spending because its just not a political winner to say we need to be weaker.

  • Reply to


    by lastbutnotleastofthewachovians Dec 9, 2014 1:57 PM
    mr.schnider mr.schnider Dec 10, 2014 11:03 AM Flag

    Although I am not surprised to see Wells Fargo' decision to concentrate employment in the Charlotte area, what I am surprised about is to see that the number 22,100. is so large.
    Apparently they have the office buildings that were already built, and in my mind are blessed with nearby universities in the region, add in experienced upper tier employees living there, plus Charlotte is attractive place to put down roots.
    During the crises it looked like Charlotte was going to be one of the big losers, but apparently landed on their feet.

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