Comments by "" (@mrpmj00) on "Bad news is priced into Wells Fargo stock: Hightower 's Stephanie Link" video.

Wells Fargo has Zelle (better than Venmo because it doesn't hold your money before depositing it into your checking account like Venmo) like all the big banks to transfer money to friends, relatives, etc. My credit union can't do Zelle.
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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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Have you noticed that Wall Street Journal, Yahoo, CNBC, CNN and bloomberg hate tech (even though most of us have 401k plans that have big tech) and push crypto crap, NFT ponzi scheme, and meme/gambling stocks like AMC/gamestop/SPAC, promoting China, and scaring investors by promoting inflation? Inflation or no Inflation, who cares. Own high quality companies whose products and services have pricing power, that leads them to have stable growing cash flows. Price will take care of the rest...
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FAANG stocks (Facebook, Apple, Amazon, Netflix, Microsoft) and Intel. For the recovery: Disney, Wells Fargo, Boeing, Walgreens 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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@Bluecollarworker01 Wells Fargo has the most branches nationwide for the best customer service. What the hell is SoFi, some internet bank with no branches and no person that I can talk to face to face is your idea of customer service?...whatever. What's Ally? WWII allies?
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@Bluecollarworker01 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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@Bluecollarworker01 I'd bet Sofi and ally can't even transfer money to friends/families using Zelle.
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@Bluecollarworker01 The fake account stuff happened like 5 years ago....that's old news. The company paid a $3 billion dollar fine so it's very compliant. $3 billion in PROFIT is more than sofi is EVER going to make, whereas sofi lost $225 million every year in 2018 2019 2020 so I doubt investors will keep giving it money. Wells Fargo is back to earning $5 billion/quarter in profits so it's not going anywhere, it's the 4th largest bank.
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@Bluecollarworker01 lol, I'm not a boomer. I have decades more years my investments to grow before I become a boomer. I'm a regular working Joe who also invests. Well, the returns could be higher but I like to sleep at night Overall, I'm up +48% over 1 year since May 2020 so I'm happy. I'm happy with these returns: Wells Fargo +59% ytd Facebook popped +4% today. Apple +9% ytd. Amazon +18% ytd Microsoft up +15% ytd Lowes +20% ytd Disney same Nvidia +58% ytd (I sold last week after it popped) How did you do?
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@Bluecollarworker01 Congrats. I would like your returns but I like to sleep at night. I only want 9%+/year to make me happy so 50%+ in the last year makes me ecstatic.
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@Bluecollarworker01 For the fools that bought crypto in May, they've lost -50%.
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@Bluecollarworker01 My mortgage is from Wells Fargo since 2004. End of story.
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@lukemckee9772 WF cancelling credit lines today is a smart thing to protect itself from bad borrowers who don't pay back.
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@lukemckee9772 I do bank with WF, my mortgage since 2004 is from Well Fargo. ;-). As well as my checking and savings accounts at WF. And my adult kids bank at WF because it has the MOST branches for service.
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@lukemckee9772 I think it's the best as it helped out with Covid 19: 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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