Comments by "" (@mrpmj00) on "Wells Fargo CFO on Q2 earnings, loan demand and economic outlook" video.

  1. Wells Fargo public image: Wells Fargo donated ALL the processing fees ($400 million) for distributing the government checks during Covid19, whereas other banks kept it as profit. https://newsroom.wf.com/English/news-releases/news-release-details/2020/Wells-Fargo-Launches-400-Million-Small-Business-Recovery-Effort/default.aspx#:~:text= %E2%80%9CBy%20donating%20approximately%20%24400%20million,African%20American%20entrepreneurs%20and%20other
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  2. Innovation: Wells Fargo created Zelle (better than Venmo because it doesn't hold your money before depositing it into your checking account like Venmo) for other big banks to transfer money to friends, relatives, etc.
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  3. Wells Fargo popped +4% on 7/14/2021! It makes $6 billion in profit/qtr so it's a safe stock. It also grew from $20 to $47 in 6 months!
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  4. ___FAANG stocks (Facebook, Apple, Amazon, Netflix, Microsoft) and Intel, Zoom... ___Disney, Wells Fargo, Boeing, Walgreens, IBM, Chevron for the recovery. Warren buffet quotes: It's far better to buy a wonderful company at a fair price than a fair company at a wonderful price.
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